American venture capitalist and well-known bitcoin enthusiast Tim Draper voiced out his forecast on the bitcoin price. In his opinion, within the next four years the price of the "digital gold" will grow sharply.

The bitcoin price will jump 30-fold from now and, by 2022, it will reach $250,000, Tim Draper said.

During his speech at the Blockparty 2018 at the Draper University in San Mateo, California, the investor called on listeners to ignore those opinions who give more restrained and pessimistic predictions.

“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!” he said.

During the Daily Journal interview, Draper also noted that the blockchain is one of the most outstanding inventions in the history of mankind.

In 2014, Tim Draper purchased nearly 32,000 BTC at an auction of the Silk Road market, confiscated by the US authorities. Then he paid about $18 million for this amount of coins, but today his bitcoins cost more than $250 million.

Draper is not the most optimistic famous bitcoin enthusiast though. The most optimistic forecast was shared by crypto enthusiast and cyber security legend John McAfee, who already promised to eat his penis if bitcoin does not reach million dollars in price.

On 4 April, he wrote that he was confident that by the end of 2020, bitcoin would rise in price to $3 million.