Tim Draper a crypto millionaire with estimated holdings of between 350 million USD to 500 million USD express this sentiment during an interview with CoinTelegraph. He said that we should look at the intrinsic value of Bitcoin and not just the volatility of its prices.
In fact, Tim Draper mentioned that big players may just manipulate the price to bring more profits. What we need to do is to look at the long-term prospect of this technology. What are the works being done at the backdrop of this industry and who are the people behind it that are adopting its propagation.
He mentioned the advent of modern technology like plumbing and electricity in the past 50 years. He is drawing the comparison in the development of other community changing technologies and the crypto industry. The logic behind his optimism is that what actually comes into fruition are the aspirations of the optimists rather than the negativity of the pessimists.
Historically, Tim Draper has major points to draw upon here. He is saying that betting on Bitcoin is actually logically favored than betting against it. I also think so. His prediction? Bitcoin price will be $250k in 2022. What about you? What are your thoughts about Bitcoin price?
Watch the video by CoinTelegraph below:
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