"Venture capital investor Tim Draper reaffirmed his prediction that the Bitcoin (BTC) price will reach $250,000 by 2022, during a panel discussion at the Web Summit summit conference Nov. 6."
when it comes to long term prediction of bitcoin all you can be sure about is that bitcoin will rise and the rise will be huge. but you won't be able to come up with a number ever!
Yes. We are talking [...] about five percent market share to get to $250,000.
this doesn't make any sense!
to really do is make it so that Bitcoin can be used to buy Starbucks coffee,
no we do not. to reach $250k is not such a big milestone as you may think. it only requires the same natural growth that bitcoin had so far and the same adoption to get there in a year or two.
bitcoin being accepted in coffee shops such as Starbucks means bitcoin is already near mass adoption and that would mean price around $1 million at least. not to mention that bitcoin is not ready for such adoption!
I think things like global virtual marketplaces and escrow systems coming out soon will drive universal crypto acceptance forward and make cryptocurrency a useful part of everyday life.
"cryptocurrency" and "bitcoin" are not the same thing. don't get excited about altcoins whenever someone makes a prediction for bitcoin. more than 90% of them will die in a year or two and a lot of them will be replaced by a lot of other shitcoins.