Venture capitalist Tim Draper has unveiled his boldest Bitcoin prediction yet.
In a recent post on social media, he forecasted that Bitcoin will surge to $250,000 within the next six months and ultimately soar to an astonishing $10 million as it surpasses the US dollar in dominance.
The $10 Million Vision
Draper’s overarching belief centers on Bitcoin replacing traditional currency. He suggests that the US dollar’s influence will continue to diminish due to ongoing inflation and mounting debt.
The $10 million valuation represents a long-term goal. For now, Draper is concentrating on an immediate 2.5-fold increase from current prices, aiming for $250,000 by mid-2026.
He attributes this upcoming surge to the conclusion of what he calls a “misguided administration,” referring specifically to recent years’ stringent regulatory environment that hindered growth.
The Journey Toward $250,000
Draper is well-known for making daring price predictions; however, his path toward reaching the $250k mark has faced challenges.
Back in 2018 at Draper University—sporting a purple Bitcoin tie—he confidently predicted Bitcoin would reach $250,000 by 2022 when its price hovered around $8,000.
Yet by late 2022, amid crypto winter triggered by FTX’s collapse and broader economic pressures, Bitcoin was trading near only about $16,000.
Draper acknowledged his timing was off but stood firm on his target. He extended his deadline first to mid-2023 and later pushed it further out to 2025. He blamed regulatory obstacles imposed by bureaucrats and what he described as the SEC’s “regulation through enforcement” approach for delaying institutional adoption and innovation within crypto markets.
Now with Bitcoin trading substantially higher and regulatory restrictions easing up somewhat, Draper believes this original milestone is finally within reach—expecting it could happen within six months.
A History of Bold Predictions
Despite delays hitting the initial target date of $250k,Draper’s previous forecasts have earned him considerable credibility. In 2014 when bitcoin traded near just about$180,Drapermadea strikingpredictionthatbitcoinwouldhit$10Kby2017.Mostdismisseditasunrealistic,butinNovember2017,thepricebrokepast$10Kforfirsttimeever。
Draperalsoacquiredalmost30，000BTCthroughausmarshalsserviceauctionseizedfromthesilkroadmarketplacepayingaround$632percoinwhichwasabovecurrentmarketpricesatthattime。</P>