{"id":572561,"date":"2024-01-31T23:00:03","date_gmt":"2024-01-31T23:00:03","guid":{"rendered":"https:\/\/wncen.com\/?p=572561"},"modified":"2024-06-11T07:02:32","modified_gmt":"2024-06-11T07:02:32","slug":"billionaire-tim-drapers-forecast-bitcoin-to-hit-250000-by-2025","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/billionaire-tim-drapers-forecast-bitcoin-to-hit-250000-by-2025\/","title":{"rendered":"Billionaire Tim Draper’s Forecast: Bitcoin To Hit $250,000 By 2025"},"content":{"rendered":"

Renowned billionaire investor Tim Draper has again captured<\/a> the crypto community’s attention with his bullish stance on Bitcoin. Despite missing his previous forecast 2018<\/a>, where he predicted Bitcoin would hit $250,000 by 2022, Draper remains steadfast in his belief in Bitcoin’s potential.<\/p>\n

Bitcoin To Hit $250,000 By 2025<\/h2>\n

In a recent Bloomberg interview, Draper first humorously acknowledged his missed prediction, joking: “Well, I don’t know why anybody is still listening to me if I missed that one.” Yet, this missed forecast hasn\u2019t dampened his optimism; Draper is doubling on\u00a0his prediction, projecting that Bitcoin will reach the quarter-million mark by 2025.<\/p>\n

Related Reading: Glassnode Co-Founder Warns: Bitcoin\u2019s Surge Could Trigger A $1 Billion Liquidation Event \u2013 Here\u2019s Why<\/a><\/div>\n

Draper cites his misjudgment of the US government’s conservative stance<\/a> on cryptocurrency regulation as the reason behind his previous prediction not materializing. However, he emphasizes the increasing adoption of Bitcoin in countries with unstable currencies.<\/p>\n

Draper notes the growing preference for conducting business in Bitcoin over traditional currencies like the US dollar, especially in regions where the dollar is often associated with criminal activities. His vision for Bitcoin extends beyond a mere store of value; he anticipates a future where Bitcoin becomes a universally accepted currency, fundamentally transforming financial transactions.<\/p>\n

Draper noted:<\/p>\n

I actually think there will be a moment in time when I can buy my food, clothing, and shelter all in Bitcoin, and people won’t want dollars anymore.<\/p><\/blockquote>\n

It is worth noting that Tim Draper further\u00a0foresees<\/a> a “transformative shift” in the worldwide financial landscape, where Bitcoin’s limited supply and resistance to political interference render it a more dependable and stable currency choice.<\/p>\n

\n

Here’s why Draper Associates Founder Tim Draper is still bullish on Bitcoin \ud83d\udc47 https:\/\/t.co\/pGnc9lUzVf<\/a> pic.twitter.com\/ac3NMJjCPx<\/a><\/p>\n

\u2014 Bloomberg (@business) January 30, 2024<\/a><\/p><\/blockquote>\n

Draper sees a parallel between Bitcoin’s growth trajectory and Microsoft’s initial stages, forecasting Bitcoin’s rise as a central platform for diverse financial innovations, notably in the realms of Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs), which he refers to as “organelles.”<\/p>\n

Industry Titans BTC Forecast Align<\/h2>\n

Draper’s bold predictions echo those of other industry figures, like the founder of the hedge fund Skybridge, Anthony Scaramucci, who projects that Bitcoin could reach as high as $400,000, nearing half of gold\u2019s market capitalization. This prediction suggests a potential tenfold increase, dramatically shifting the landscape of digital assets.<\/p>\n

Related Reading: Bitcoin Whales Increase Holdings By 4.5%, Getting Ready For Rally?<\/a><\/div>\n

Meanwhile, Bitcoin’s influence is already being felt in traditional finance. Recent data from JP Morgan shows a significant inflow into Bitcoin funds. In contrast, gold exchange-traded funds (ETFs) experience a concurrent outflow, indicating a shift in investor preference<\/a> from traditional to digital assets.<\/p>\n

\n

Gold flow consistently moving out while btc flows move in pic.twitter.com\/Y1A75nAZBa<\/a><\/p>\n

\u2014 Tom Dunleavy (@dunleavy89) January 31, 2024<\/a><\/p><\/blockquote>\n

Amid these developments, Bitcoin’s market performance continues to exhibit resilience<\/a> and growth. Over the past week, the cryptocurrency has seen a 6.1% increase, trading at around $43,056 at the time of writing.<\/p>\n

\"Bitcoin
BTC price is moving sideways on the 4-hour chart. Source: BTC\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Renowned billionaire investor Tim Draper has again captured the crypto community’s attention with his bullish stance on Bitcoin. Despite missing his previous forecast 2018, where he predicted Bitcoin would hit $250,000 by 2022, Draper remains steadfast in his belief in Bitcoin’s potential. Bitcoin To Hit $250,000 By 2025 In a recent Bloomberg interview, Draper first humorously acknowledged his missed prediction, joking: “Well, I don’t know why anybody is still listening to me if I missed that one.” Yet, this missed forecast hasn\u2019t dampened his optimism; Draper is doubling on\u00a0his prediction, projecting that Bitcoin will reach the quarter-million mark by 2025. Related Reading: Glassnode Co-Founder Warns: Bitcoin\u2019s Surge Could Trigger A $1 Billion Liquidation Event \u2013 Here\u2019s Why Draper cites his misjudgment of the US government’s conservative stance on cryptocurrency regulation as the reason behind his previous prediction not materializing. However, he emphasizes the increasing adoption of Bitcoin in countries with unstable currencies. Draper notes the growing preference for conducting business in Bitcoin over traditional currencies like the US dollar, especially in regions where the dollar is often associated with criminal activities. His vision for Bitcoin extends beyond a mere store of value; he anticipates a future where Bitcoin becomes a universally accepted currency, fundamentally transforming financial transactions. Draper noted: I actually think there will be a moment in time when I can buy my food, clothing, and shelter all in Bitcoin, and people won’t want dollars anymore. It is worth noting that Tim Draper further\u00a0foresees a “transformative shift” in the worldwide financial landscape, where Bitcoin’s limited supply and resistance to political interference render it a more dependable and stable currency choice. Here’s why Draper Associates Founder Tim Draper is still bullish on Bitcoin \ud83d\udc47 https:\/\/t.co\/pGnc9lUzVf pic.twitter.com\/ac3NMJjCPx \u2014 Bloomberg (@business) January 30, 2024 Draper sees a parallel between Bitcoin’s growth trajectory and Microsoft’s initial stages, forecasting Bitcoin’s rise as a central platform for diverse financial innovations, notably in the realms of Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs), which he refers to as “organelles.” Industry Titans BTC Forecast Align Draper’s bold predictions echo those of other industry figures, like the founder of the hedge fund Skybridge, Anthony Scaramucci, who projects that Bitcoin could reach as high as $400,000, nearing half of gold\u2019s market capitalization. This prediction suggests a potential tenfold increase, dramatically shifting the landscape of digital assets. Related Reading: Bitcoin Whales Increase Holdings By 4.5%, Getting Ready For Rally? Meanwhile, Bitcoin’s influence is already being felt in traditional finance. Recent data from JP Morgan shows a significant inflow into Bitcoin funds. In contrast, gold exchange-traded funds (ETFs) experience a concurrent outflow, indicating a shift in investor preference from traditional to digital assets. Gold flow consistently moving out while btc flows move in pic.twitter.com\/Y1A75nAZBa \u2014 Tom Dunleavy (@dunleavy89) January 31, 2024 Amid these developments, Bitcoin’s market performance continues to exhibit resilience and growth. Over the past week, the cryptocurrency has seen a 6.1% increase, trading at around $43,056 at the time of writing. Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":517328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,532,678,1119,78790,6664,2209,10081,84647,74877],"class_list":["post-572561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-etf","tag-bitcoin-prediction","tag-btc","tag-btcusdt","tag-crypto","tag-gold","tag-gold-etf","tag-spot-bitcoin-etf","tag-xauusd"],"acf":[],"yoast_head":"\nBillionaire Tim Draper's Forecast: Bitcoin To Hit $250,000 By 2025<\/title>\n<meta name=\"description\" content=\"Renowned billionaire investor Tim Draper has once again captured the attention of the crypto community with his bullish stance on Bitcoin...\" \/>\n<meta name=\"robots\" content=\"index, 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Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Billionaire Tim Draper’s Forecast: Bitcoin To Hit $250,000 By 2025","url":"http:\/\/wncen.com\/news\/billionaire-tim-drapers-forecast-bitcoin-to-hit-250000-by-2025\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/billionaire-tim-drapers-forecast-bitcoin-to-hit-250000-by-2025\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Bitcoin-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Bitcoin-1.jpg?fit=350%2C250"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin etf","bitcoin prediction","btc","btcusdt","crypto","gold","gold etf","spot bitcoin etf","xauusd"],"dateCreated":"2024-01-31T23:00:03Z","datePublished":"2024-01-31T23:00:03Z","dateModified":"2024-06-11T07:02:32Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Billionaire Tim Draper’s Forecast: Bitcoin To Hit $250,000 By 2025\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/billionaire-tim-drapers-forecast-bitcoin-to-hit-250000-by-2025\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/billionaire-tim-drapers-forecast-bitcoin-to-hit-250000-by-2025\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Bitcoin-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Bitcoin-1.jpg?fit=350%2C250\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin etf\",\"bitcoin prediction\",\"btc\",\"btcusdt\",\"crypto\",\"gold\",\"gold etf\",\"spot bitcoin etf\",\"xauusd\"],\"dateCreated\":\"2024-01-31T23:00:03Z\",\"datePublished\":\"2024-01-31T23:00:03Z\",\"dateModified\":\"2024-06-11T07:02:32Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Bitcoin-1.jpg?fit=350%2C250","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/572561"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=572561"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/572561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/517328"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=572561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=572561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=572561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}