Bitcoin Could Break The Dollar — $250K Prediction Still In Play, Billionaire Says
Tim Draper predicts Bitcoin will reach $250,000 by the end of 2025, a target he initially set for 2022. Despite a downturn in the crypto market due to the FTX collapse, he believes current market drivers are strong enough to support this price increase. Draper suggests the US dollar may disappear in a decade, replaced by Bitcoin. He cites political factors, including President Trump's trade deals and the filing for a Truth Social Bitcoin ETF, as catalysts for mainstream adoption. Regulatory developments, such as the advancement of the GENIUS Act and the Digital Asset Market Clarity Act, are also significant. Banks like JP Morgan are preparing to facilitate Bitcoin transactions, potentially attracting institutional investment. Draper highlights technological advancements, including Layer 2 solutions and the Lightning Network, which enhance Bitcoin's transaction efficiency.
