{"id":44402,"date":"2021-06-15T19:39:04","date_gmt":"2021-06-15T16:39:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44402"},"modified":"2025-08-31T16:49:57","modified_gmt":"2025-08-31T13:49:57","slug":"tim-draper-reaffirms-forecast-that-bitcoin-will-reach-250000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tim-draper-reaffirms-forecast-that-bitcoin-will-reach-250000\/","title":{"rendered":"Tim Draper reaffirms forecast that Bitcoin will reach $250,000"},"content":{"rendered":"<p>Bitcoin is expected to reach $250,000 by the end of 2022 or early 2023, despite sharp price fluctuations, according to venture investor and billionaire Tim Draper.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Billionaire Tim Draper is still bullish that bitcoin will reach $250,000 by the end of 2022 <a href=\\\"https:\/\/t.co\/MHA88aQnUB\\\">https:\/\/t.co\/MHA88aQnUB<\/a><\/p>\n<p>\u2014 CNBC Make It (@CNBCMakeIt) <a href=\\\"https:\/\/twitter.com\/CNBCMakeIt\/status\/1404535184331087873?ref_src=twsrc%5Etfw\\\">June 14, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The billionaire argues that demand for digital gold will rise by then. A constrained supply will be another driver, Draper says.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cGive Bitcoin about a year and a half, and all retailers will be using <span data-descr=\\\"cryptocurrency payment processing\\\" class=\\\"old_tooltip\\\">OpenNode<\/span>,\u201d the investor said.<\/p>\n<\/blockquote>\n<p>In 2018, Draper predicted Bitcoin would reach $250,000 by 2022 and called blockchain one of the most outstanding inventions in human history.<\/p>\n<p>That same year the billionaire invested $1.25 million in Bitcoin payment processor OpenNode.<\/p>\n<p>In 2019, Draper told ForkLog in an exclusive interview what underpins his forecast for the price of the leading cryptocurrency.<\/p>\n<p>In March 2021, the investor suggested that Netflix would acquire Bitcoin as part of its reserves policy, while online retailer Amazon would add it as a payment option.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is expected to reach $250,000 by the end of 2022 or early 2023, despite sharp price fluctuations, according to venture investor and billionaire Tim Draper.<\/p>\n","protected":false},"author":1,"featured_media":44403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1138,954],"class_list":["post-44402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-opinions","tag-tim-draper"],"aioseo_notices":[],"amp_enabled":true,"views":"38","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44402"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44402\/revisions"}],"predecessor-version":[{"id":44404,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44402\/revisions\/44404"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/44403"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}