Connect with us


Tim Draper: bitcoin is more reliable than the US dollar and its price in 4 years will reach $ 250 thousand



In an interview with The Street, venture investor Tim Draper confirmed his forecast , according to which bitcoin will reach $ 250 thousand dollars by 2022.

"After the theft of funds from the Mt. Gox, I was sure that digital money would not survive. However, that day the price of bitcoin sank only 10-15%, and I realized that people really need it. From that moment on, I began to actively invest in crypto currency, " Draper said.

The investor believes that bitcoin is safer than the US dollar . So, he bought out 40,000 BTC, arrested by the US Federal Marshals Service at Darkkarket's Darkk Road.

In the interview, the investor also shared his opinion on the effectiveness of digitalization, admiring the possibilities of the Big Data and machine learning, which are already capable of determining a person's well-being and even creating recommendations for improving it.

According to Draper, the combination of modern technologies provides a safe environment for the life of each person. Crypto-currencies , he noted, allow everyone to create "their own bank" and overcome geographical boundaries.

Finally, he recommended that traders buy while bitcoin is at the bottoms.

Earlier, Tim Draper expressed an opinion according to which in the next 15 years the capitalization of crypto-currencies will reach 80 trillion US dollars.