Billionaire Draper: Bitcoin will see unlimited upward movement against the US dollar
2026-08-12 04:59:23
According to CoinMeta, billionaire venture capitalist Tim Draper has once again made an optimistic forecast about Bitcoin, believing that its value could ultimately rise “infiniteely” relative to the US dollar. He stated that as the adoption of Bitcoin payments accelerates, banks will face a run on them, leading to a fundamental transformation of the financial system. Draper pointed out that Bitcoin payments are expanding, with Block having already enabled Bitcoin payments for eligible US Square sellers, and it is expected to cover millions of merchants. His Draper Innovation Index shows that Texas has risen to fourth place in the US rankings in March 2026, while Oklahoma has risen to fifteenth place. Draper reiterated that Bitcoin could reach $250,000 within 18 months, citing adoption and the devaluation of fiat currencies as key catalysts. Currently, the trading price of Bitcoin is below $64,000, and Draper’s prediction of $250,000 has been postponed several times, but he still believes this goal is achievable.
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Source:U.Today
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