Investor and Bitcoin enthusiast Tim Draper has given his Bitcoin price forecast for 2018 by estimating that the Bitcoin crypto currency will be worth $250,000 in four years.
Tim Draper: „Believe me, it happens“ At the Block (Chain) Party 2018 at Draper University in San Mateo, California, on April 12th, Tim Draper gave his forecast for the year 2022:
„I THINK 250,000 DOLLARS PER BITCOIN UNTIL 2022…. BELIEVE IT, IT WILL HAPPEN; YOU WILL THINK YOU ARE CRAZY, BUT BELIEVE IT, IT WILL HAPPEN, IT WILL BE FANTASTIC!“
Tim Draper has a personal interest in promoting the crypto currency for Bitcoin trader
He bought nearly 30,000 BTC from a Bitcoin trader auction after the confiscation of the Silkroad. Since then, he has made significant investments in digital currencies. Tim Draper had predicted the rise to 10,000 dollars for Bitcoin trader and the whole three years before, when the price of a Bitcoin was around 300 dollars.
He also tries to counter the negative mood of the big media by making statements like „Bitcoin is supposed to replace the Indian rupee“. The San Mateo event was one such example, an attempt to show the audience the advantages of a truly decentralized crypto currency like Bitcoin and the immense benefits of blockchain technology.
Which Bitcoin code crypto currencies can be mined with Ethash?
„The Bitcoin code is one of the most transformative technologies that has happened in world history, and it’s absolutely worth celebrating,“ Draper told the Daily Journal, a local news agency, just before the start of the Bitcoin code.
While Tim Draper is always bullish about Bitcoin and crypto currency, there is the other camp
This consists of investors who believe that Bitcoin is a bubble and is doomed to failure. They will never reach the 20,000 dollar high again. Relevant: Tim Draper – In five years there will be no Fiat – money more
The following digital currencies currently have the Ethash mining algorithm:
Ethereum Classic (ETC)
Should Ethereum Hard Forks, alternatively one of these digital currencies could be mined. But even these crypto currencies could be hard forks to ban ASICs.