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Billionaire Tim Draper Stands By Bullish $250,000 Bitcoin Price Target For 2022

• https://www.ccn.com

"This is going to be so big, so if you see a dip [in prices], jump in," Draper told TheStreet at the 2018 Crypto Finance Conference in Switzerland. "Maybe it will dip further, but boy, I made that prediction and I'm sticking to it. $250,000 by 2022 for bitcoin."

After a massive spike in 2017, BTC prices tumbled 50 percent in 2018. Despite the recent bear market, crypto's profile has never been higher, and the industry continues to expand.

'Believe It, It's Happening'

In April 2018, Draper generated countless headlines after boldly predicting that bitcoin would soar to $250,000 by 2022, as CCN has reported. And nothing has happened to change his outlook.

"They're going to think you're crazy, but believe it," he said. "It's happening and it's going to be awesome!"

Draper has an impressive track record with predicting bitcoin price movements, so it's hard to dismiss any forecast he makes.

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