Tim Draper, the self-proclaimed oracle of venture capital, has a prediction that’s as bold as it is improbable: Bitcoin, our beloved rollercoaster of a currency, will more than double in value this year, reaching a dazzling $250,000. Yes, you read that right. A quarter of a million dollars. Because why not?
“After that recent rally, I’m still expecting Bitcoin to hit $250,000 this year,” Draper confidently declared, in what we assume was a whisper of utmost sincerity.
For those keeping score, Draper originally forecasted this miraculous surge by 2022. And yet, when that turned out to be as accurate as a weather forecast in Siberia, he doubled down on the dream. Now, $250,000 is his number—mark your calendars. But will he be right this time? Who knows. Maybe next year, he’ll predict Bitcoin on Mars. Maybe.
The Silicon Valley sage, who made his early fortune betting on companies like Skype (remember that?), also highlighted the factors that make this unlikely fairy tale somewhat more digestible. We’re talking about the optimism around trade deals, regulatory frameworks finally arriving (after years of “coming soon” notifications), and the all-knowing Web3 apps spreading like wildfire on the Bitcoin blockchain. If only Bitcoin had as many practical uses as these buzzwords…
Ah, but wait—there’s more! Draper pointed out that the likes of JPMorgan are on board with Bitcoin. Yes, the same JPMorgan, led by the ever-grinning Jamie Dimon, will allow customers to buy Bitcoin. But don’t get too excited—custodial services? Nope. You’ll have to figure out how to store your digital treasure chest yourself. Good luck with that! 🏴☠️
Currently, Bitcoin is lounging around at a cozy $104,922, after peaking at an impressive $112,000 in May. Let’s face it, that’s a nice chunk of change—but we’re still a long way from that $250,000 dream.
An “Extremely Low Risk” Investment
According to Draper, all of this is part of why Bitcoin is becoming “an extremely low-risk investment.” You know, because businesses are flocking to it, and when big corporations show up, you know it’s time to buy in. Extremely low risk—just like playing poker with a deck of jokers.
“Businesses are piling in, bringing it further into the mainstream,” Draper declared, as if this were somehow reassuring.
Bitcoin is now an asset to be cherished, according to Draper, a store of value. And let’s not forget—he made his fortune acquiring tens of thousands of Bitcoins during a 2014 auction, when the U.S. Marshals were having a little “garage sale” of Silk Road coins. What a time to be alive!
Surging to Infinity?
And here’s the kicker: Draper hasn’t ruled out that Bitcoin might just keep going. In fact, he’s so confident in its trajectory that he hinted it could eventually surge to infinity. Yes, infinity. He even speculated that the U.S. dollar could experience hyperinflation, which, frankly, sounds like a plot twist straight out of a dystopian novel. Stay tuned for more!
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2025-06-04 18:17