Astonishing Bitcoin Forecast for The End Of 2022 from a Famous Investor

Astonishing Bitcoin Forecast for The End Of 2022 from a Famous Investor

In an interview with Forbes earlier this year, venture capitalist Tim Draper made a rather ambitious prediction. He claimed that Bitcoin could reach $250,000. Obviously, Draper’s followers were completely when his predictions failed. Bitcoin, the most valuable cryptocurrency when world-famous successful investor Draper made this claim, was at the level of $41,000; however, BTC, which has shown a downward movement since the beginning of the year, has lost approximately 50% of its value and is currently in a recovery effort.

Astonishing Bitcoin Forecast for The End Of 2022 from a Famous Investor

Draper paid approximately $18.7 million to purchase 30,000 BTC at a U.S. Marshals Service auction in 2014. Draper, who has made a huge profit thanks to the BTC he obtained at the auction, believes that the cryptocurrency, which has been on the rise again, can still reach $250,000. But it would not be wrong to say that the billionaire investor’s predictions have not come true since the beginning of the year. Although Bitcoin (BTC) has moved in the opposite direction of Draper’s prediction, it is currently showing an upward trend and attracting attention.

A few days ago, a journalist contacted Draper by email. The billionaire investor continues his bullish claims, according to the email. Claiming that Bitcoin will rise above $250,000 by the end of 2022, or even the beginning of 2023 at the latest, Draper is baffling all crypto investors. Draper’s estimate of $250,000 is just a utopian estimate for now.

What Are Other Investors Saying About Bitcoin?

Famous economist Paul Krugman described the fall in Bitcoin price as “inevitable” in a recent article published in the New York Times. Krugman believes that all cryptocurrencies are just a Ponzi scheme. The economist, who is also a Nobel laureate, described the crypto decline in early June as a bubble.

World-famous billionaire and Bitcoin investor Mark Cuban, on the other hand, said in his interview with Fortune that the downturn in the market would actually eliminate crypto companies that do not work well, and this is a good thing for the future. Cuban recently claimed that only a few cryptocurrencies would survive, and others would perish.

Galaxy Investment CEO Mike Novogratz said that companies interested in cryptocurrencies attract unusual investments and that the fire in the market will continue until the oxygen runs out. Stating that the recovery in BTC price will take a long time, Novogratz added that eventually, BTC would recover.

In general, many experts predict that BTC will experience a recovery trend soon, although they are cautious about cryptocurrencies.

Will Bitcoin Increase in Value?

Although Draper’s predictions are unrealistic for now, the predictions made by analysts in the last week and the rise of Bitcoin in the last 24 hours give the signals of a bull run. The price of Bitcoin was damaged due to the recent Terra event and the negative developments in several exchanges. When the FED’s interest rate decisions were added, cryptocurrencies were shaken. However, nowadays, especially metaverse-based cryptocurrencies are showing an extraordinary increase due to the upward trend in Bitcoin.

The rising movement of the leading cryptocurrency continues. Bitcoin, which is currently trading at $ 21,274, saw the levels of $ 18,000 a few days ago. However, there was no downward movement at the resistance point, and an upward movement began. According to analysts, Bitcoin seems to tolerate its 50% loss again by the end of 2022.

Click to rate this post!
[Total: 0 Average: 0]

Join Our Newsletter

Sign up for free now and be the first to know about new updates.

Write a Comment