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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
Tim Draper http://timothydraper.com/
Predictions (2014): https://www.forbes.com/sites/jessedamiani/2017/11/26/10k-bitcoin-by-2018-looks-like-tim-draper-was-on-the-money/#589987d53295
Predictions (2018): https://smartereum.com/3330/bitcoin-forecast-can-bitcoin-price-worth-more-than-100k-sun-apr-1/
Tom Lee http://www.fundstrat.com/firm/team/
Ronnie Moas https://www.linkedin.com/in/ronnie-moas-127653b/
Before we dive right in, I want to mention that there is one very important factor that exists now which wasn’t an issue when many of these predictions were made. That is, the influence of the CME over the markets now. The futures trading happening now has opened the door for market manipulation that just didn’t exist before. This is also why I think we’ll find that many of the BTC predictions that have been made in the past have turned out to be a bit inaccurate so far this year.
He is a venture capitalist who created the Draper Associates which eventually merged with others to become DFJ. He also is the one to blame for the creation of viral marketing. So you can say that he understands the psychology of markets. He’s also been a heavy investor for a lot of blockchain startups like Factom.
Back in 2014 Tim had predicted BTC’s price to hit $10,000 by 2018. More recently he’s been predicting that Bitcoin will hit the $100,000 mark. This could happen if a majority of the fiat market moves to cryptocurrencies. His belief in the future of Bitcoin is solidified in its characteristics of being borderless, with a set supply matched with the demand from the free market.
He is a managing partner at the financial research company Fundstrat, and about a month ago when the over all morale of those in the crypto market pretty closely reflected the dropping of price of that market, Tom was recognizing how the decisions of big international companies could change things around.
Companies like Starbucks, Amazon and Rakuten all have expressed interest in exploring how digital currencies and blockchain tech can be a part of their business models in the new future. With heavy hitters like these potentially adopting cryptocurrencies and blockchain tech, they’d bring with them a major increase of users as well. Tom says that we could be seeing $20,000 bitcoin by the middle of this year and $25,000 bitcoin by the end of 2018. Last July he also predicted that Bitcoin could go to $55,000 by 2022.
He’s the founder of Standpoint Research and has established himself as a credible and accurate analyst.
He’s thrown out pretty big numbers for Bitcoin at different stages of its existence. He sees Bitcoin “ending up” at around $300,000-$400,000 per coin. He justifies this by the fact that there is 200 trillion dollars invested in stocks, bonds, gold and cash, all of which are over valued. If only 2% of this money is moved into cryptocurrencies, this would bring the total market cap for cryptocurrencies to 4 trillion dollars. Also, the global rate of adoption for cryptocurrency wallets has been about 1-2 million people. In a few years from now, this may result in a few hundred million people trying to get a hold of a few million Bitcoin. He also makes a point the clarify that about a quarter of the current supply of Bitcoin has already been lost forever, not to mention the fact that there are some hardcore holders who will never sell. His target for 2018 is $28,000.
Tomorrow’s video will be covering the predictions made by the likes of Trace Mayer, Max Keiser, Cliff High and John McAfee.