Quote from: Tony_Nguyen on July 26, 2018, 03:20:15 PM

With increasingly positive voices coming out in favor of Bitcoin, it remains to be seen whether it will actually increase in value significantly until the end of this year or whether it will remain around this levels. Many of the other cryptocurrencies have been consistently rising in the past couple of weeks. This is the reason why investors are again turning bullish on cryptocurrencies and think that, they will increase in value further. Many of the enthusiasts are actually predicting higher peaks as well as newer peaks for the cryptocurrencies.

Famous Venture Capitalist Tim Draper was on Bloomberg two days ago, sharing his thoughts on why Bitcoin will be worth a lot more than what it is today.

For reference, hes the guy who predicted in 2014 that Bitcoin would hit $10,000 in three years. And it did!

This time, his prediction is way more outlandish, even by our insanely bullish standards. Draper predicts that a major part of todays fiat currency market will be dominated by cryptocurrencies in the future. He identifies that the world market for fiat currencies is worth $86.0 trillion today.

If we go by his prediction and do some quick math on prices, Bitcoin turns out to be worth more than $100,000.

Draper gives us at least three reasons in his very brief interview why he believes that Bitcoin is the future of currency.

Its borderless. You could go to any country and use it.
Its not subject to the whims of a government. The supply is constant and the price is determined by free market demand.
Its banking the unbanked. You can bypass the traditional banking system, avoid surveillance, and get rid of hefty fees.
As for investment advice, Draper made it loud and clear.

Tim Draper has given some nice predictions in the past and I think the points he makes are some of the points we make in the forum all the time so I think he is correct, also I think that a price of 100k for each bitcoin is completely possible but not in this year, this year is a year in which the price is not going to move much upwards, this is one of those years in which many are going to sell thinking this is over only to realize a few years later that is not the case.