⸺ Bull case · April 13, 2018 ⸺
Tim Draper
Venture capitalist, Draper AssociatesInvestor
“Bitcoin will reach $250,000 by 2022.”
Price at the call
$7,899
Today
$61,577
Target · 2022 (since rolled forward)
$250K
Boldness of the call×31.6
Progress to target22%
Needs another ×4.1 from today’s $61,577.
If you’d listened
×7.80
+680% since the call
Annualized audacity
137%/yr
required return per year
Skin in the game
80/100
Bought ~30,000 BTC at the 2014 US Marshals auction.
The early investor who bought ~30,000 BTC at the 2014 Silk Road auction and correctly called $10,000. The $250k target missed its 2022 deadline (BTC peaked ~$69k) and has been rolled forward ever since — most recently to 'within 18 months.'