The crypto market is, and it has always been a double-edged sword for investors. The last quarter was especially bad. The market lost more than 30% in just more than 30 days. But the highlight of it is that even with a slump, everyone was feeling that investing in crypto, and related services, would yield gains in the long run. Well, today two important analysts have also joined to that sentiment by making positive statements about bitcoin.
Tim Draper, the legendary crypto investor, has declared yesterday that the bitcoin price will be of $250,000 in three four from now, according to Bitcoinist. With this prediction, Draper seeks to emulate his previous hit, when he sais that bitcoin would reach $10.000 by 2018. Tim is a bitcoin and crypto enthusiast that entered the crypto market by buying a bitcoin stash of nearly 30,000 bitcoins which had been seized by the US Marshals Service. He made his latest prophecy at the Draper University and stated that:
I’m thinking $250,000 a bitcoin by 2022… Believe it, it’s going to happen; they’re going to think you’re crazy but believe it, it’s happening, it’s going to be awesome!”
Despite being accompanied only by nearly 50 investors, he launched his prediction with joy, at an event called the “Blockchain party”.
The same bullish sentiment is shared by crypto investor and analyst Tom Lee, who reaffirmed his prediction of bitcoin gaining more than 225%of its price to reach $250K for years end. He told this in an interview on CNBC, in the program Futures Now. He stated:
We still feel pretty confident that bitcoin is a great risk-reward and we think it could reach $25,000 by the end of the year”
The latest two-day rally seems to affirm that bitcoin, is a high-risk asset with a big probability of getting big gains, but also getting great losses. But, at this moment, all points to a maintained recovery of bitcoin and all cryptomarket prices in this second quarter of the year.