BTC Bull Tim Draper Says Bitcoin’s Value Could Climb to Over $250,000 By 2020
Prominent BTC maximalist Tim Draper has labeled his prediction for 2022 as “conservative”. Tim’s involvement with Hotmail, Coinbase, Twitter is well-known. Even though at times his outrageous statements are frowned upon, Draper’s faith in Bitcoin is famous.
— Tim Draper (@TimDraper) September 14, 2019
Draper spoke of a bet he had with the Argentinian president, as they’d compare the achievements of the Peso and Bitcoin. However there’s a new underlying problem, “…they have made dollars illegal so everybody is stuck with these pesos…”. Due to “currency manipulation”, hundreds of Argentinian citizens have begun to learn more about cryptocurrencies.
“$250,000 means that bitcoin would then have about a 5% market share of the currency world and I think that maybe understating the power of bitcoin.”
Clarifying why purchasing digital currency at whatever point is consistent, Draper maintains:
“All occasions are great occasions to enter the crypto advertise. On the off chance that you are groundbreaking, you’re going to look and state ‘this is simply better cash’, so it’s simply a question of time before the world receives it. When all that I can do with fiat, I can do with Bitcoin.”
Pomp also added to the same narrative. Pompliano is a maximalist whose faith in the king coin is unrivaled. He is the co-founder and partner at Morgan Creek Digital that is based in New York.
REMINDER: The US dollar will lose value this year, next year, and every year after that.
Inflation taxes the poor to enrich the wealthy.
— Pomp 🌪 (@APompliano) September 15, 2019
Back in March, Bitcoin bull Tim Draper mentioned how people would use Bitcoin at Starbucks by 2022, and that people would laugh if a customer tried to pay with fiat.