Tim Draper insists that Bitcoin will reach $250,000 in 2022 and believes this is just a "conservative forecast."

According to U.Today, billionaire investor Tim Draper had boldly predicted that the price of bitcoin would reach $250,000 in 2022. He recently reiterated this statement in an interview and said "this is a conservative forecast." Draper said that in order to reach $250,000 in 2022, Bitcoin must account for 5% of the global money market. And this may underestimate the power of Bitcoin. The implication is that the price of bitcoin may rise even higher.