‘Bitcoin to $250,000 in 2022’

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To be fair, a bit of old news, but a bitcoin bull, Tim Draper stands by its prediction that the bitcoin (BTC) by the end of 2022 to $250,000 a piece.
That does the durfinvesteerder of the state of California in a recent interview with the BlockTV. In fact, it is forecast to still be on the conservative side.

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Tim Draper on bitcoin (BTC)

In the interview, he explains why he thinks bitcoin is it hard to set the value, you can achieve it.
One of his arguments is that bitcoin is a dominantere position in the foreign exchange market. This, says Draper, in the interview:

With a value of $250,000, it means that bitcoin has a market share of around 5% in the valutawereld, and I think I have the strength of BTC is undervalued.

In comparison, there is now a $186-billion in the asset, bitcoin (69,8% dominance of the market, ed.). while there is a $7.800 billion for the asset, gold, is.
Assume that the bitcoin market is just as large as the gold market is right now, then it’s going to be one BTC for $420,000 to a piece of the digital counter.
Rather, he said, in an interview with Yahoo Finance in the previous day.

“It may take a little longer time, as this is the currency the status of a ‘safe haven’ continues to hold on to. Maybe we will have a small delay before starting the course, away towards the before said goal.”

A German scientist

This past week, we have to pay attention to the model of the German PhD student, researcher, Harold Burger, which predicts that the price next year will increase to $100,000 in cash.
He refers to it as a ‘power-law’ model, which is a rich Medium-to article explaining. One of the conclusions that he draws: the life cycles of bull and bearmarkten will continue to repeat itself.
However, the growth rate decreases in comparison with that in the early days of bitcoin, when there was a question of the ‘X100’ in a very short period of time.
Citizen’s responses to a series of tweets, the tweet from Draper: ‘far Too optimistic’, according to him.

Plan B

More hopium? The Dutch Plan is well-known for its employee stock-to-flow model in order to get a grip on the future price of BTC and its price range is quite broad-between $30,000 and $300,000 per lot.

He based his prediction on the basis of the difficulty of the mining algorithm, ‘difficulty rate’).
The hashrate or the. the computing power of the network, which reached recently to new heights, with 94 billion hashes per second.
As soon as the price is, again, the hashrate on the network, then we can get into the cycle of a price of at least $30,000 to be expected.
That would be an increase of approximately 1,000% from the low point of the cycle. Bitcoin is sitting at just over $3,000 or more in mid-december, 2018.

Bitcoin exchange rate

In short, it is enough hopium for bitcoin investors but, for now, BTC is worth at the initial peak of the ca. $13.900 for this year is to top.
At the time of writing the act of one BTC is around $10.400 on Bitfinex, and deals for 18 hour local time display on top of the $10.350, and the volume increases.

Source: Cryptocompare

Interview With Draper

We spoke to him at The Next Web in July, 2018, in Amsterdam, in which he details why he believes in BTC.

See also – Tim Draper: “in five years, everybody is paying with bitcoin or any other crypto -”

The new Bitcoin News on: Bitcoin, and the Lightning Network, as well as the measures taken by The Bank
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