It is worth noting that in a conversation with Melker in May, Draper described the increasing acceptance of cryptocurrencies by women as the catalyst that will bring Bitcoin to this price point. Draper explained at the time that women currently control 51% of wealth in the US, and in a scenario where these women start using Bitcoin to buy goods and services, this would likely push the digital asset up.
Draper’s entry into the world of Bitcoin is impressive. In 2014, the investor invested $ 19 million and bought 30,000 BTC at a price of $ 600 at an auction of the profits seized from the notorious Silk Road Dark Web platform, predicting later in the year that a Bitcoin would change hands for $ 10,000 in the next three years. He was right, because the Bitcoin price reached almost $20,000 in 2017.
The venture capitalist is not the only expert who has predicted an optimistic year for Bitcoin in 2022. Several Bitcoin analysts had predicted that the digital asset would reach the elusive price point of $100,000 in the first quarter of this year, but the reality looked very different.
Hampered by an increasingly gloomy macroeconomic outlook and a strong correlation with tech stocks, Bitcoin and the entire crypto market continue to have a downward trend. Despite the recent problems, many indicators suggest that the asset class will endure in the long run.
