BITCOIN PRICE TO REACH 250K USD BY 2020

Updated: 04/13/2018 16:44
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bitcoin price to reach 250k
Learn about the assumption made by technical investor Tim Draper concerning the possible price growth of Bitcoin to 250K by 2020
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Learn about the assumption made by technical investor Tim Draper concerning the possible price growth of Bitcoin to 250K by 2020

Technical investor Tim Draper put forward several assumptions about the future impact of bitcoin and block-chain technology on various industries. Among the assumptions, it was suggested that by 2020, bitcoin would reach $ 250,000.

Speaking of the health sector, Draper sees the integration of all medical data with the cloud storage supported by the block-chain network. There, the information will be stored safely and will always be available on demand.

Artificial intelligence and deep learning technology will play an integral part in the new system, becoming a personal "doctor of the future."

We have already witnessed significant changes in the financial sector. Distribution of ICO-campaigns has already bypassed the volume of traditional venture capital, when it comes to fund raising.

Draper believes in the potential of bitcoin, as a new world currency, calling it "better asset than the dollar or yen."

Also, Draper is confident that the current model of business management will also change.

Paying to employees, receiving revenue and budgeting will be done without a lawyer or an accountant, shifting all these responsibilities to advanced block-chain systems.

In addition, the block-chain technology intends to change such industries as games and art. It is when, according to Draper, many people realize the true potential of the detachment.

With the ubiquitous arrival of block-chain technology, governments will also change. According to Draper, the detachment will create an "ideal bureaucrat".


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