Tim Draper Repeats $250K Bitcoin Target

Venture capitalist Tim Draper renewed a forecast that bitcoin (BTC) will reach $250,000 within 18 months, posting the projection on X on April 14. He tied the outlook to rising inflation and a weakening U.S. dollar.

Draper presented the forecast as part of a long-term view that links bitcoin’s price to fiat currency depreciation rather than short-term trading signals. In his post he wrote, “I have reason to believe that bitcoin will reach $250K in 18 months … eventually I expect the number to be higher as bitcoin rises and the dollar falls to inflationary pressures.”

The 18-month window updates targets Draper has revised several times, including goals he set for 2022, June 2023 and 2025. Bitcoin’s market price remains well below $250,000.

Draper recounted early experiences that influenced his position. He described buying mining equipment through Butterfly Labs and encountering delivery delays and used hardware; the U.S. Federal Trade Commission later charged the company with deceiving customers. He recounted losing bitcoin in the Mt. Gox exchange collapse.

Those events led him to study bitcoin’s practical uses. He highlighted remittances, payments for unbanked workers and supporting economic activity in underserved regions as potential use cases. He also pointed to purchases that reflect his long-term commitment, including acquiring bitcoin at $632 through a U.S. Marshals Service auction and an earlier purchase he believed was at $4.

Draper has made public price forecasts before, including a 2014 prediction that bitcoin would reach $10,000 within three years. His latest public statement reiterates his long-term thesis and connects future price movement to inflation and dollar weakness.