Billionaire sees bitcoin hitting $250,000 by 2022

Billionaire venture capitalist and investor Tim Draper predict that the bitcoin price will reach $250,000 by 2022, far more than what he paid in 2014 ( a mere $650 per coin). He says that not even the recent market downturn has wavered his confidence. He believes that cryptocurrencies will “increase the velocity of money,” encouraging the global currency market to hit $140 trillion within the next decade.

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