Billionaire investor Tim Draper has made headlines for famously predicting bitcoin’s price will reach $250,000 by 2022, and on Thursday he reiterated that call — albeit with a slight hedge.During an interview with Yahoo Finance’s YFi PM to announce the launch of Grit BXNG, the boxing gym Draper invested in that will be the the first ever gym to accept bitcoin, he extended the timeline of his bitcoin call a bit to 2023.“$250,000 by 2022, and I’m hedging a little, maybe Q1 2023,” he said. “It may be Q1 2023, but it will be [$250,000] before that.”Interestingly, Draper didn’t increase his price target since bitcoin (BTC-USD) has seen a bit of a boost off the back of market volatility amidst an ongoing U.S.-China trade war dragged down stocks and global bond yields. That boost led many, including hedge fund founder Kyle Bass, to conclude bitcoin was being seen by some as a “digital gold” safe haven investment rather than just a speculative digital currency....MORE
Related, June 14:
In July 2017 John McAfee forecast Bitcoin would be valued at 500,000 USD within three years or he would eat his private bits. On November 29, 2017 as Bitcoin was approaching its all-time high Mr. McAfee raised the forecast to One Million USD by year-end 2020 with the stakes remaining at, well, you know....MOREAnd previously on Mr. Draper:
Dammit! DFJ's Tim Draper Is NOT Batshit Crazy!
"Cryptocurrency Market to Reach $80 Trillion in 15 Years (says Tim Draper)"
July 2016
Theranos Is Flopping Like A Dying Fish
Sometimes they flop themselves right back into the water, but that's not the way to bet....
...World’s Most Loyal V.C. Says Theranos Critics Are Just HatersJuly 2014
Tim Draper goes to bat for Elizabeth Holmes.
Silicon Valley: Venture Capitalist Tim Draper Has a Cringworthy YouTube Channel
December 2013
Venture Capitalist Tim Draper Wants To Split California Into Pieces And Turn Silicon Valley Into Its Own State
September 2014
UPDATE: California Will NOT Be Splitting Into Six Separate States
April 2015
Guy Who Wanted To Split California In Six Pieces Launches Contest To Keep It Together
September 2012
Climateer Line of the Day: Mammary Edition
...Detroit has “lived off this automotive tit long enough.”
-Draper, Fisher, Jurvetson's Tim Draper
"DFJ Co-Founder Jurvetson Exits Firm Amid Harassment Charges"
...Meanwhile, last week the D-man was saying:
Tim Draper On Bitcoin: 'In 5 Years If You Use Fiat Currency, They Will Laugh At You'
I'm starting to think the entire state of California has gone nuts.
Seriously, I'm not just talking Sand Hill Road, they're as detached from reality as their Hollywood brethren. Now however I'm wondering about all that space between the two as well.
And just so you know, it was not Mr. Draper who starred in 2014's "The Silicon Valley Secessionist Clarifies His Batshit Insane Plan".
That was Andreessen Horowitz's Balaji Srinivasan.....