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venture capitalist Tim Draper predicted on Tuesday Bitcoin In 18 months it will reach $250,000, and potentially higher, due to inflationary pressures on the dollar.
Draper recalled his accurate 2014 prediction on Fox Business that Bitcoin would hit $10,000 in three years.
The billionaire investor admitted that his later predictions were not “preliminary”, but he has “reason to believe” that the leading cryptocurrency will climb to $250,000 in 18 months.
“Eventually I expect this number to be higher as Bitcoin rises and the dollar falls under inflationary pressures,” he added.
I bought a bitcoin for $4. Or so I thought.
Peter Wiesen suggested this to me. He bought some fast mining chips from Butterfly Labs, but instead of delivering them, they used them to mine their own bitcoins. Then when Peter finally got the chips, Bitcoin ended up…
— Tim Draper (@TimDraper) April 14, 2026
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Bitcoin OG, Draper bought into the cryptocurrency when it traded at just $4. How he tells it over and over again Peter VessensFounder of Draper backed venture CoinLabOffered to mine those BTC for him.
However, BTC was held Mount Gox exchange, which collapsed after a series of hacks that resulted in the loss of up to 950,000 BTC.
His credentials were widely recognized in 2014 when he bought nearly 30,000 BTC for $19 million at a US Marshals auction, acquiring the coins confiscated from the already closed Silk Road market.
Also see: Avoid the #1 Investment Mistake: How Your ‘Safe’ Holdings Can Cost You Big Time
In a recent interview with vocal Bitcoin maxi, Benzinga, he said he’s following a model built around BTC halvings, saying, “If you chart the history, it’s a pretty good bet.”
Draper believes bitcoin is safer than traditional banking, saying quantum computing poses a greater risk to banks than blockchain.
Also Read: Bitcoin To See A ‘Boring’ 2026 Before Exploding To $250,000 In 2027: Galaxy Research
Photo: Hi my name is Jacco at Shutterstock.com
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