Billionaire Tim Draper Doubles Down on His Bitcoin $250K by 2025 Prediction

Speaking at the FT Digital Assets Summit this week at Convene 155 Bishopsgate in London, the prominent venture capitalist and crypto advocate described companies that lack Bitcoin in their reserves as “irresponsible,” warning they are ignoring the clear direction of the future financial system.

Billionaire venture capitalist Tim Draper has continued his optimistic predictions for Bitcoin, this time taking aim at corporations that have yet to adopt any cryptocurrency into their financial strategy.

Speaking at the FT Digital Assets Summit at Convene 155 Bishopsgate in London, Draper described companies that lack Bitcoin in their reserves as “irresponsible,” adding that they are ignoring the clear direction of the future financial system.

Speaking on Wednesday, Draper, a prominent crypto advocate, also revealed his vision for launching a fully Bitcoin-based investment fund within the next five years. The fund would utilize smart contracts to automate all internal operations, reducing overhead costs and eliminating the need for legal and auditing services.

“We’re moving toward a world where trust is built into the code,” he said. “The blockchain makes things more transparent and efficient than any centralized system ever could.”

The venture capitalist is known for his outspoken optimism about digital assets and has long maintained his prediction that Bitcoin will reach $250,000 by the end of 2025. Notably, while his initial forecast had set this milestone for 2022, he has since adjusted the timeline several times, citing various market conditions and regulatory delays.

This time, Draper directly attributed the delay to what he termed “over-regulation under the Biden administration.” Despite this setback, Draper remains confident that the market is on the verge of a breakout, a view also shared by other crypto enthusiasts.

“There’s a gravitational pull toward Bitcoin,” Draper argued, adding that the asset is no longer just a store of value, but an emerging foundation for a broader financial infrastructure.

He further pointed to the rapid development of Ordinals, Runes, and smart contracts on the Bitcoin network as evidence that it is becoming a full-fledged platform, in contrast to other chains like Ethereum and Solana, which have traditionally led in decentralized application development.

However, Draper believes that Bitcoin, with its robust security and decentralized nature, is uniquely positioned to become the dominant blockchain.

“After him, wars changed. After Bitcoin, commerce will change,” he said, noting that traditional fiat currencies are on their way out. According to Draper, the transition will begin with the growing use of stablecoins, which offer a digital representation of fiat, and eventually shift fully to Bitcoin, which he calls “digital gold.”

His speech follows a May 1 commentary where Draper sounded the alarm over the declining strength of the U.S. dollar. Drawing a historical parallel to the Confederate dollar during the Civil War, which collapsed due to hyperinflation, Draper warned that today’s economic conditions could trigger a similar loss of trust in fiat money.

Moreover, he argued that gold, often considered a safe-haven asset, cannot compete with Bitcoin due to its storage challenges, lack of portability, and inability to be used for daily transactions. In contrast, Bitcoin offers a readily usable and easily transportable form of wealth.

Despite the volatility and missed targets in past years, Draper remains undeterred. His belief is rooted in Bitcoin’s limited supply, rising institutional interest, particularly through spot Bitcoin ETFs and its increasing use as a medium of exchange.

“People are more comfortable holding Bitcoin than dollars,” he said. “And as the technology matures, that comfort will only grow.”