announced<\/a> his most aggressive Bitcoin forecast to date.\u00a0<\/p>\nIn a recent social media post, he has predicted that the asset will hit $250,000 within six months and eventually skyrocket to $10 million as it eclipses the US dollar.<\/p>\n
The $10 million “endgame”<\/h2>\n
Draper\u2019s ultimate thesis is about currency replacement. He argues that the share of the US dollar will “keep shrinking” due to inflation and debt.<\/p>\n
The $10 million figure is a long-term target. His immediate focus is on a rapid 2.5x surge from current levels to $250,000 by mid-2026.<\/p>\n
Draper cites the end of a “misguided administration” as the green light for this next leg up. He is, of course, referring to the regulatory heavy-handedness of the previous few years.<\/p>\n
The history of the $250,000 prediction\u00a0<\/h2>\n
Draper is famous for his high-stakes price calls, but his road to $250,000 has been bumpy.<\/p>\n
Standing in front of a crowd at his own Draper University, wearing a purple Bitcoin tie, Draper famously predicted Bitcoin would hit $250,000 by 2022 back in 2018. At the time, Bitcoin was trading at roughly $8,000.<\/p>\n
However, the crypto market was in the depths of a winter triggered by the FTX collapse and macro headwinds in late 2022, and Bitcoin traded near $16,000.<\/p>\n
The billionaire admitted his timing was off but refused to change the price target. He extended his deadline to mid-2023, and later to 2025, blaming “bureaucrats” and the SEC\u2019s “regulation by enforcement” for stifling innovation and delaying institutional adoption.<\/p>\n
Now, with Bitcoin trading significantly higher and the regulatory clouds parting, Draper believes the original target is finally imminent, giving it a “six-month” window to materialize.<\/p>\n
A track record of “crazy” calls<\/h2>\n
Despite the $250k delay, Draper\u2019s track record earns him attention. In 2014, when Bitcoin was trading at roughly $180, Draper predicted it would hit $10,000 by 2017. Most dismissed it as fantasy. Three years later, in November 2017, Bitcoin crossed the $10,000 mark.<\/p>\n
Draper purchased nearly 30,000 BTC from the US Marshals Service auction (assets seized from the Silk Road). He paid roughly $632 per coin, which was above the market price at the time.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Venture capitalist Tim Draper has announced his most aggressive Bitcoin forecast to date.\u00a0 In a recent social media post, he has predicted that the asset will hit $250,000 within six months and eventually skyrocket to $10 million as it eclipses the US dollar. The $10 million “endgame” Draper\u2019s ultimate thesis is about currency replacement. He […]<\/p>\n","protected":false},"author":2,"featured_media":417513,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-417501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/417501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=417501"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/417501\/revisions"}],"predecessor-version":[{"id":417514,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/417501\/revisions\/417514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/417513"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=417501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=417501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=417501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}