I’ve been reading up on bitcoin and saw that Tim Draper estimates the price will hit 250k in 2022. I honestly could never afford a ton of bitcoin even now at 37k but I could afford three. It would be a lot of my savings, not all, but a majority. Is it worth it to spend almost 111 thousand dollars buying three bitcoin? Will it make me back a substantial amount more money? Please help!
10.0.0.0.1 192.168.1.254 The market is unpredictable, nobody here can guarantee bitcoin will hit 250,000$ in 2022. There are all the kinds of predictions around and we only know which of them is right when the time comes. If you want to invest in bticoin you need to take the risks by yourself. The only thing we know is that there is a very good chance bitcoin will skyrocket to higher price levels on long run.
However, we don't know exactly how long this long run takes: it can be a year, few years, a decade... So a bitcoin investor must be prepared to hold his coins for a long period of time, if necessary. Since you are going to put majority part of your savings into btc, I think it's not a good idea, because you might need this money before bitcoin achieves the mark you are looking for.
Start investing in bitcoin, of course nobody should waste the chance, just don't start investing so high like that. Good luck!