Billionaire Venture Capitalist: Bitcoin Price to Skyrocket to $250,000 After May 2020

[Alfie 10]

• Billionaire venture capitalist Tim Draper says the bitcoin price will skyrocket to $250,000 soon after the May 2020 ‘halving’ event.
• As astounding as that sounds, Draper’s projections are in line with bitcoin’s historical trend.
• Draper correctly predicted the ‘crypto winter’ bear market of 2018-2019 in September 2018. He’s made over $200M from BTC so far.
•  

When Tim Draper talks about good tech investments with enormous profit potential, markets listen. Some of the Silicon Valley venture capitalist’s winning picks include Baidu, Skype, Tesla, SpaceX, and Twitch.

In 2014, Draper made a massive bet on bitcoin. He spent just shy of $19 million for 30,000 BTC sold by U.S. authorities at auction.

Outbidding everyone else, it looked like Draper paid a premium for the coin then. But today that 30,000 BTC is worth over $200 million with the bitcoin price above $7,000.

He thinks it’ll be worth $7.5 billion in two years at the $250,000 price point.

[Opinder 1310]

I know bitcoin price will increase dramatically in 2020 because  ownerships of bitcoin increasing day by day. And after halving supply of new bitcoins will reduced to half. but demand will continue to increase in same proportion. But i do not think it will rise upto $250000 after may 2020. It will take more time to reach upto that price.

[Alfie 10]

will its just base on my research,. 

[aqua 773]

We all believe that bitcoin price will increase so high, but we don't know how much higher bitcoin can reach, and that still a big mystery for us. We can prepare from now on by buying more and more bitcoin, and especially we know that right now, bitcoin price is not too high so we can use some money to buy bitcoin. We don't have to buy 1 bitcoin directly if we don't have too much money because we can try with little money, we buy and sell bitcoin, especially if the price is down so we can make a profit in USDT. After we have USDT, we can wait for a while to see bitcoin price will be down for a moment so we can buy bitcoin at a low price.

[Alfie 10]

the best way we need to do is to keep our btc balance on our wallet unltil 2020, so we dont know it well raise up the price that we dont expect.

[McCree 713]

That would be amazing for it to hit $250,000, because I read about another analyst claiming it will hit $90,000 after May 2020. Keep hoarding coins guys, you won't know how much more valuable they will be in one year, even $1.

[sdsonjoy50 886]

I don't think Bitcoin will go for 250 thousand so fast I think Bitcoin can go from 15 to 20 thousand, I think in 2050 Bitcoin can go to 250k.

[rajonmia 181]

Billionaire venture capitalist Tim Draper says the bitcoin price will skyrocket to $250,000 soon after the May 2020 ‘halving’ event.
As astounding as that sounds, Draper’s projections are in line with bitcoin’s historical trend.thanks

[Sourovdeb890 416]

Bitcoin may go up to 50,000 in 2020, but many analysts say 25,000 will go yet, but if this happens then we will be much more profitable because I have a lot of Bitcoin I will sell and benefit greatly.

[sohaib 273]

 I think, we must be Realistic. $250,000 does not seem realistic 😄

[Afrizal rahman 2636]

Yes many predictions that in 2020 the increase will be very high. but I think in 2020 there will still be halving and a slight increase. only in 2021 did a bullrush occur because the increase occurred usually in odd years.

[Maxtron73 3269]

Yes i am deeply  convinced that this is a possible prediction, just maybe a little later than when Draper predicts bitcoin will hit 250000 $ . This might more easily happen in 2021 

[Kenan mehoub 540]

There are many rumors of significant increases in the value of bitcoin. Some said that it will reach more than $ 100,000. We do not know the truth of this, but I think it is better to store some of this currency in order to benefit in the event of its rise.

[BTC Future 3946]

Tim Draper is just becoming ridiculous with these comments. Also September 2018 was close to the end of the bear market which bear market he predicted? The only good investment was buying the low of 200$ which was easy to buy actually as EVERYONE was actually buying at 200$. 

[rajonmia 181]

This is just for a opinion nothing else. Because no one can not say what will exactly happen in future Bitcoin Price. Most of the things is no one can not control this coin. I wish Bitcoin price will be increase 2020 but $250000 is not possible .

[babaji 1228]

Well I dont believe it can reach that in such short period, but if it does, all hell will break loose. But the definite question from where will so much money come in, with all the governments still against crypto.

[mani982 286]

We are all in energetic and we are waiting for May month that when Bitcoin Halving Occur and bitcoin price go to sky rocket and we all become the millionaires.

[bentayebsalah 2280]

The bitcoin and cryptocurrency market is growing rapidly and this makes the price of bitcoin increase dramatically over the coming summer and could reach $ 250K as Billionaire venture said.

[bliznec 22268]

If such big people, suggest that Tim Draper, a venture capitalist and billionaire, believes that the price of Bitcoin will skyrocket to $ 250,000, then it will be fantastic. All cryptocurrency assets will follow them. 

[AL SHAIMON 1293]

I think bitcoin price will hit moon this year. but I do not think this will happen too much early. bitcoin will hit 20k this year.

[Investors Blog 385]

We can only wish this will happen in may 2020, I bet many will become rich and probably retire from online jobs if this prediction comes to reality.

 

200k USD we need banks to pour money into crypto 😄

[Amirul Islam 382]

On 12/21/2019 at 6:12 PM, Alfie said:

• Billionaire venture capitalist Tim Draper says the bitcoin price will skyrocket to $250,000 soon after the May 2020 ‘halving’ event.
• As astounding as that sounds, Draper’s projections are in line with bitcoin’s historical trend.
• Draper correctly predicted the ‘crypto winter’ bear market of 2018-2019 in September 2018. He’s made over $200M from BTC so far.
•  

When Tim Draper talks about good tech investments with enormous profit potential, markets listen. Some of the Silicon Valley venture capitalist’s winning picks include Baidu, Skype, Tesla, SpaceX, and Twitch.

In 2014, Draper made a massive bet on bitcoin. He spent just shy of $19 million for 30,000 BTC sold by U.S. authorities at auction.

Outbidding everyone else, it looked like Draper paid a premium for the coin then. But today that 30,000 BTC is worth over $200 million with the bitcoin price above $7,000.

He thinks it’ll be worth $7.5 billion in two years at the $250,000 price point.

In this crypto market there are a lot of experts who can predict bitcoin price with their experience and knowledge. Maximum of them prediction gone right. But I am little confused with this prediction.

[Brushless4500KV 4214]

This is just another nonsense about halving. The closer we get to the halving, the more fake news we hear about sky high values which are predicted based on speculations and imaginations! Even $50.000 is a magnificent price after halving which I don't think is achievable easily. We have seen lots of predictions about post-halving era of bitcoin and now it is time to stop guessing and calculating and start waiting to see what the future holds for us. If you fill your mind with extremely high values, you will be disappointed if you don't meet your target price. So, lower your expectations.

[jamesvince 2389]

This is not possible that currently bitcoin price is only 6240$ and only one and half months how bitcoin goes to extra ordinary price 250000$. So this is predicted price not related to real market scenarios and just wait and checked what's happened in May 2020.

[George10 9932]

Bitcoin price will increase after halving but unfortunately it will not go that far up to $250000,maybe in the near future and this will be a great move.