In an interview in BlockTv, Tim Draper described his forecast of the price of Bitcoin as something conservative. In other opportunities the billionaire has remained popular predictions of prices in terms of the main criptomoneda. On this occasion, his vision is that in three years, amounting to $250,000.
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Draper says:
“I gave him the number on the head when I predicted $ 10,000 three years before I got to 10K, and it happened within a week of my prediction, something like the spirits have been with me. To $ 250,000, means that Bitcoin would have a market share of around 5% in the world of currency. And I think that may be underestimating the power of Bitcoin”. The technological entrepreneur commented further that as the cryptocurrencies in general predominate in the everyday use of the people, the fiat money will go away slowly. Ensures that, in the short term, people will like more to use Bitcoin than Fiat, this generated that they know that their fiat has a rate of inflation natural in their governments, while the Bitcoin does not depend on any regulating body to determine its price much less use. In this sense, for Draper, the Bitcoin represents a viable alternative to fiat currency, precisely because of the distrust that the governments generate in people. During the interview, the founder of Draper Fisher Jurvetson Venture Capital highlighted Argentina’s situation, of how people go from fiat to BTC. However, during the interview, Draper also noted that there is still work to do to the BTC easier to use. During March of this year, Draper would have made a bet with the president of Argentina about the price of the Bitcoin, and since then, he emphasizes that this country is a great field for the Bitcoin. Draper says that the turning point will be when people can easily do with Bitcoin what they can do with dollars. In this sense, ensures that when that happens, your Bitcoin will appreciate of course its value because he knows that there are only 21 million of them, and their dollars will diminish naturally in value because there is this inflation natural. While Draper says Bitcoin will reach $ 250,000 in about three years, also considers what he believes will happen in two decades. Before that, he mentioned: “No one is going to compare anything with dollars within 20 years. No one is going to use any type of fiat currency within 20 years.” What about you, do you think that this prediction will become reality? The following two tabs change content below. Venezuelan, student of the last semester of Social Communication. Attracted by the new technologies and the development that they offer to humanity.