Bitcoin’s price has stabilized at around $8 000 this week. According to Wall Street analyst and Fundstrat founder Tom Lee 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,” said Lee.
Billionaire Tim Draper predicts on the long therm: “I’m thinking $250,000 a bitcoin by 2022 […] Believe it. They’re going to think you’re crazy, but believe it. It’s happening and it’s going to be awesome!”
Draper also predicts that blockchain will disrupt and transform finance, healthcare, and many other industries. “It’s honest, it’s straightforward, it’s incorruptible, and it’s fair,” he said.