Tim Draper, a notorious bitcoin bull and venture capital investor, made another prediction that the total crypto market capitalization would reach $80 trillion in the next fifteen years.

Speaking at the DEALSTREETASIA PE-VC Summit 2018 in Singapore, the billionaire investor compared another time cryptocurrency to the internet:

“The internet started in the same way, it came in big waves and then it kind of came crashing down, and then the next wave comes concentrated but much bigger, and I suspect the same thing will go on here with bitcoin”

In Draper’s opinion, when people will become more familiar with the blockchain technology, many billion-dollar industries across the world will be revolutionized:

“I think it’s going to have such a transformative effect on industries that we never even imagined would be transformable. The internet went after industries that were $10–100 billion-dollar markets, cryptocurrency will go after trillion-dollar markets. These are finance, healthcare and insurance, banking and investment banking, and governments.”

Previously in April, the Tesla and Skype Investor predicted bitcoin at $250k by 2022 claiming that Bitcoin (BTC) is “bigger than the internet”.

Read also: Billionaire Tim Draper explains why Bitcoin will reach $250,000 by 2022

Gianmarco Ebeling

Economics student with a passion for high-tech and innovation. Enthusiastic about the blockchain revolution and his potential to improve all aspects of our lives.

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