Bitcoin price prediction for 2022 and Facebook’s own payment system

Tim Draper: bitcoin will hit $250,000 by 2023

Tim Draper, famous venture investor, made a forecast according to which bitcoin will reach $250,000 by 2022–2023. He thinks this will be possible due to the development of Lightning and OpenNode technology which will make bitcoin a popular payment instrument.

Draper said in September that $250,000 is a “conservative” prediction.

Facebook to launch their own payment system

The world’s most popular social network will launch their own payment system Facebook Pay. It will be available to the users of Facebook Messenger, Instagram and WhatsApp. With Facebook Pay, it will be possible to make transfers, pay for goods and accept donation.

The American company explained that the system will not be connected in any way with Libra cryptocurrency and online-wallet Calibra. According to experts, Facebook Pay will be popular among foreign entrepreneurs working in Instagram and Facebook, as it will allow them to legally withdraw the funds they earn.

Facebook Pay will start working for the US citizen already this week.

Bitcoin can drop to $7,100?

Crypto analyst The Cryptomist thinks that if the cryptocurrency fails to keep at $8,400 mark, it risks dropping down to $7,100.

In his twitter the trader said that currently bitcoin is inside a wedge and is testing an important support area of $8,400-$8,500.