Tim Draper, a Silicon Valley venture capitalist, has reaffirmed his prediction that Bitcoin will reach $250,000 by the end of 2025. He shared this on X, revisiting a forecast he initially made in 2018, when he anticipated the price would hit that mark by 2022.
The cryptocurrency market experienced a significant decline in 2022, partly due to the collapse of FTX, causing Draper's timeline to slip. However, he believes that current market drivers are strong enough to propel prices higher and even suggested that the US dollar might disappear in a decade, with Bitcoin taking its place.
Draper insists that the $250,000 target is not merely optimistic speculation. He reiterated his forecast after observing a recent surge in the cryptocurrency market. He stated, "Bitcoin might go infinite against the dollar," and remains hopeful that Bitcoin will reach $250,000 by the end of this year.
He attributes the potential rise of Bitcoin to several factors, including general optimism and political developments. Draper highlighted actions taken by US President Donald Trump regarding new trade deals, which could serve as catalysts for Bitcoin's growth.
Notably, the Media & Technology Group filed for a Truth Social Bitcoin ETF on June 5, 2025, indicating efforts to draw more mainstream investment into Bitcoin. Additionally, the US Senate voted to advance the GENIUS Act, which aims to establish regulations for stablecoins, and the bipartisan Digital Asset Market Clarity Act of 2025 is currently under discussion.
Draper also sees major banks and corporations entering the Bitcoin market. He mentioned that JP Morgan is planning to allow its clients to purchase Bitcoin and use spot-BTC ETFs as collateral, which could lead to a significant influx of institutional investment. According to Bitcoin Treasuries data, Michael Saylor's strategy currently leads with over 580,000 BTC, valued at approximately $61 billion.
These developments suggest a shift in how Bitcoin is perceived, with many treating it more like gold than a speculative asset. Draper also emphasized the importance of technological upgrades to Bitcoin, mentioning Web3 applications and Layer 2 solutions that enhance Bitcoin's functionality, making transactions faster and cheaper through the Lightning Network.
