Tim Draper’s 2018 Bitcoin Price Prediction Still Unlikely Two Years Later

Tim Draper’s 2018 Bitcoin Price Prediction Still Unlikely Two Years Later

In 2014, one of the more infamous Bitcoin VC’s, Tim Draper, predicted that the price per Bitcoin will hit $10,000 USD by 2018. We decided to revisit this prediction to see if it looks any more realistic two years in. Throughout the years, various experts have tried to predict the Bitcoin price, and most of them have failed miserably. Unlike other financial assets, Bitcoin is traded on the free market, which is exposed to many different influences. This makes it all but impossible for anyone to correctly predict the price at any given time.


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Quotes

There was plenty of ugliness to be found in the markets this year. Ukranian and Venezuelan sovereign debt. High-yield, energy-related corporate bonds. Argentine pesos. Russian rubles. Greek stocks. But none of these investments has been as atrociously awful as Bitcoin, the heavily hyped crypto-currency that stormed onto the financial scene in the last few years, threatening to disrupt the cornerstone of global finance that is fiat currency.

Matt Phillips, Writer for Quartz, former writer in Wall Street Journal