Venture Capitalist Tim Draper Doubles Down on His $250K by 2022 Bitcoin Price Prediction

American venture capital investor Tim Draper still believes in a bitcoin price prediction he made in mid-April 2018, at the Draper University blockchain party. At the time, Draper said that he thinks bitcoin could reach $250K by 2022, and during an interview with CNBC’s Jade Scipioni this week, Draper reiterated his six-digit bitcoin price forecast.

Tim Draper Envisions Six-Digit Bitcoin Prices by Next Year

Tim Draper, the venture capitalist who has his hands in a myriad of blockchain and crypto companies, discussed his bitcoin (BTC) price prediction with CNBC this week.

Draper is well known in the crypto community as he has founded a number of firms that work within the industry. He has also founded organizations like Draper Fisher Jurvetson (DFJ), Draper University, Draper Venture Network, Draper Associates, and Draper Goren Holm.

Draper is famous for purchasing thousands of bitcoin (BTC) in July 2014 from the U.S. Marshals Service auction that sold BTC stemming from the Silk Road marketplace. Back then, Draper predicted that BTC would reach $10K per coin and this prediction came to fruition. This made people begin to think of Draper as an oracle, and he was pressed for a new prediction when BTC came close to the $20K zone in 2017.

Venture capitalist Tim Draper has doubled down on his $250K by 2022 bitcoin price prediction. In 2018, Draper said: “People ask me, ‘Are you going to sell your bitcoin [for fiat]?’ and I say, ‘Why would I sell the future for the past?’”

After many reporters asked Draper his next bitcoin price forecast, he finally answered on Friday the 13th, April 2018. “Serious winds (of change) at our block(chain) party last night,” Draper explained to his followers on Twitter. “I predict $250K by 2022,” Draper added. Since then, as far as predictions are concerned, Draper stepped out of the limelight and many other investors have given their own bitcoin price predictions over the last three years.

Now that BTC has tapped a new all-time-high above $64K per unit, Draper is once again standing behind his $250K prediction. While speaking with CNBC’s Jade Scipioni on the broadcast “CNBC Make It,” Draper said:

I think I’m going to be right on this one. I’m either going to be really right or really wrong [but] I’m pretty sure that it’s going in that direction.