Experts Predict Bitcoin Price to Reach $25,000 by 2018, $250,000 by 2022
across all major cryptocurrency exchanges. Analysts explained that a sudden surge in demand from institutional investors and inflow of new capital may have triggered the surge in the bitcoin price.
$250,000 by 2022
On April 13, CCN reported that billionaire venture capitalist, early investor in some of the most successful technology companies like SpaceX, and cryptocurrency angel investor Tim Draper predicted the bitcoin price to achieve $250,000 by the end of 2022.
A price of $250,000 would lead to a $5 trillion market valuation of bitcoin. At its peak, the cryptocurrency market was valued at around $900 billion. It would require the bitcoin price to increase by more than 31-fold within a 4-year span for it to surpass $250,000.