One of the best-known investors in venture capital and well-known Bitcoin fan Tim Draper has confirmed the validity of his prediction that Bitcoin will reach at least $ 250,000 by the end of 2022.
He said this in the face of criticism of JPM CEO Morgan Chase, Jamie Dimon, in an interview with CryptoWendyO on her YouTube channel.
"That guy ... first says Bitcoin is a scam." Then he is paranoid. Then he stands against all the banks. Then he says that credit card, my credit card can not be used to buy Bitcoin and then decides that he will do his own cryptocurrency. I think it was very funny. It's typical. It's like seven stages of denial. Only then comes the reception. So he has already received them (cryptocurrency), ”Draper said at his address.
JP Morgan Chase announced the launch of the JPM Coin cryptocurrency in mid-February. It is supposed to help the institution implement fast and cheap interbank transfers. However, Draper does not believe he can be as successful as Bitcoin. JPM Coin is tied to the bank and people will not need to use the bank at all.
As for Facebook Coin, which plans to release Facebook soon, Draper was not so critical in his case. According to him, Facebook has a huge user base, which can be an advantage for its distribution. But he thinks it is too late for Facebook, because other cryptocurrency have been developing years.
As for the aforementioned prediction, he believes that Bitcoin can still comfortably reach $ 250,000 in 2022. This growth will be fueled by the growing adoption of cryptocurrency due to ongoing developments. According to Draper, Bitcoin will gain its 5% market share (all world currencies) when this is achieved.
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