Content adapted from this Zerohedge.com article : Source
Tim Draper hosted a block party at his own Draper University to announce his latest bitcoin forecast.
In spite of his age, Draper understands cryptocurrency like a Millennial. He once famously said:
“Why would I sell the future for the past?”
Drape bought all 30,000 bitcoin from the 2014 seizure of Silk Road and he is not selling for a long time.
Bitcoin frees people from trying to operate in a modern market economy with weak currencies. With the help of Vaurum and this newly purchased bitcoin, we expect to be able to create new services that can provide liquidity and confidence to markets that have been hamstrung by weak currencies.
Of course, no one is totally secure in holding their own country’s currency. We want to enable people to hold and trade bitcoin to secure themselves against weakening currencies.”
"I’m thinking $250,000 a Bitcoin by 2022," he said, looking into what he described as a 'crystal ball'...
"...Believe it, it’s going to happen – they’re going to think you’re crazy but believe it, it’s happening, it’s going to be awesome!"
9:00 has his predictions.
This week also saw a similarly buoyant tone come from Fundstrat Global Advisors cofounder Tom Lee, who on Thursday told CNBC he was “confident” Bitcoin would hit $25,000 before the end of the year, a prediction he has made before.
Non-adapted content found at zerohedge.com: Source
Guess bitcoin to infinity and beyond is the new gold to the moon.
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Let's hope so TIm!
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I have to admit, this news has excited me a bit. The people in panic over the dips which of recent have been occurring a lot have got to take this in. Tim Draper knows what the future holds for cryptocurrency and he's proving it by holding he's 30,000 bitcoins which he bought cheap further. Inspirational stuff from the billionaire himself. The culture of speculating prices needs to be reduced and we concentrate more on investing in the market for the future. There is no place for fiat currency in the future with this growing technology.
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funny how i laugh at every bitcoin post but NOT THIS ONE..i stopped tradding the crypto currency market at some point. because of two many analysis forecast and the likes. but the truth remains. some one predicted the market @december 2016 that it will project to $13,000 by december 2017 and indeed it got to $19, 000 plus...and so i watched the market went up and remained up for almost all months and i was so scared of ridding along because of my fear for over bought regions...and now @zer0hedge ''tim draper's forecast' saying $25, 000 before the end of this year.. right now i will take my positions for a buy..i will rather take a position and stay in the market irrespective of the move..than sit back and watch this end of the year prediction being met. i must confess i used to think that i understand the crypto currencies market not until i see posts like this..thank you zero hedge..this came in handy..thanks for the heads up
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You got a 24.27% upvote from @postpromoter courtesy of @zer0hedge!
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