Billionaire Tim Draper Predicts Bitcoin Will Reach This Price in 18 Months

2026-4-15 22:43

Venture capitalist Tim Draper recounted his Bitcoin (BTC) history, renewing his call for a $250,000 price target.

The billionaire said his BTC journey began with a failed attempt to buy at $4 per coin. He had arranged for Peter Vessenes to mine Bitcoin using Butterfly Labs chips. However, the manufacturer allegedly used the chips for its own mining before shipping them.

A Series of Losses Led to a Defining Bet

By the time Vessenes received the equipment, BTC had already climbed above $30. The mined coins were stored on Mt. Gox, the dominant exchange at the time.

When Mt. Gox collapsed in 2014, Draper lost his entire position.

The loss prompted deeper research. Draper found that BTC was being used for remittances and paying unbanked workers. That conviction led him to the US Marshals Service auction in July 2014. He bid $632 per BTC and won all nine lots, totaling roughly 29,656 coins.

He then appeared on Fox Business and predicted BTC would hit $10,000 in three years.

That forecast proved accurate almost to the day in November 2017.

Draper Eyes $250,000 Within 18 Months

Draper now suggests BTC could reach $250,000 within 18 months. He cited inflationary pressures and a weakening dollar as tailwinds.

“I have reason to believe that Bitcoin will reach $250k in 18 months… and eventually I expect the number to be higher as Bitcoin rises and the dollar falls to inflationary pressures,” he wrote in his latest post.

However, it is worth noting that Draper has issued a Bitcoin price target of $250,000 in the past, yet BTC has gotten nowhere close in six years.

Bitcoin Price Performance. Source: BeInCrypto

BTC traded near $74,205 at the time of writing. Other prominent voices, including Cardano founder Charles Hoskinson, have also targeted $250,000. That level remains more than three times the current price.

The post Billionaire Tim Draper Predicts Bitcoin Will Reach This Price in 18 Months appeared first on BeInCrypto.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 73982.63 (-0.08%)
Объем 24H $50.278b
Изменеия 24h: -0.62 %, 7d: 3.29 %
Cегодня L: $73632.75 - H: $74291.43
Капитализация $1480.85b Rank 1
Цена в час новости $ 74182.92 (-0.27%)

reach months bitcoin tim draper predicts price

Источник: beincrypto.com

reach months → Результатов: 126


Dogecoin Price Prediction: Analyst Predicts DOGE Could Reach $1 in October

Dogecoin might be gearing up for one of its biggest rallies since 2021, at least according to popular crypto analyst C-Zar, the host of C-Zar Gets Crypto on YouTube.  In his latest video, he said that DOGE price could break the $1 mark in October, and possibly surge to $4 or higher in the months […] The post Dogecoin Price Prediction: Analyst Predicts DOGE Could Reach $1 in October appeared first on CaptainAltcoin.

2025-10-5 01:00


Will Bitcoin (BTC) reach a new all-time high next month? Here’s why MUTM is gaining investor attention

The crypto market is once again nearing a pivotal point. With Bitcoin (BTC) hovering near $95,000, discussions about a possible return to all-time highs are heating up. But while BTC remains a central focus, many investors are quietly turning their attention toward new, utility-driven projects that could outperform in the months ahead. One such project […]

2025-5-4 13:59


Dogecoin (DOGE) unlikely to hit $2, but $1.4 is within reach; Mutuum Finance (MUTM) gears up for 23401% surge in just  3 months

Dogecoin (DOGE) is the long-time favorite meme coin, captivating investors with its huge returns. Dogecoin is currently at $0.26, a modest increase of 0.15% from the previous close. While the $2 for Dogecoin dream remains on people’s tongues, all analyses point to a more viable target in the form of $1.4. This prediction is being […]

2025-3-4 22:15


Could Chainlink (LINK) Price Hit $100 This Cycle Despite Correction? Analyst Explains

Chainlink’s price has shot up recently—growing to over 3 times its value in just a few months. Now it’s pulling back some, and traders are watching closely to see what happens next. On X (formerly Twitter), popular analyst AMCrypto stayed positive about LINK, saying the core strengths haven’t changed and predicting it could reach $100 […] The post Could Chainlink (LINK) Price Hit $100 This Cycle Despite Correction? Analyst Explains appeared first on CaptainAltcoin.

2024-12-20 00:45


Dogecoin Positioned to reach $1 as Trump Returns to White House, But This Cheap $0.07 will reach there Before DOGE

As we enter the last months of 2024, the bitcoin market is seeing an interesting boom; various altcoins draw major interest from institutional as well as retail investors. Two tokens positioned for perhaps astronomical gains among the frontrunners in this rally are Rexas Finance (RXS) and Dogecoin (DOGE).

2024-11-13 17:22


Bitcoin ETFs Reach $3 Billion Inflows In October, Retail Investors Lead The Charge – Report

Bitcoin ETFs ended last week on another positive note with $997. 70 million in net inflows and demand reaching its highest level in six months. Undoubtedly, these ETFs have marked the turning point for Bitcoin and other cryptocurrencies since the beginning of the year, as it opened up the cryptocurrency to inflows from every side.

2024-10-28 22:30


Top 8 Under-the-Radar AI Cryptocurrencies with 100x Potential: GraphLinq Chain (GLQ) and ANKR Lead the Pack

Crypto analyst Alex Wacy has shared his top 8 under-the-radar AI gems that he believes have the potential to turn a $1,000 investment into $100,000 in the coming months. Wacy suggests that these lowcap AI projects could become market giants as the AI sector continues to grow, with the global market projected to reach nearly […] The post Top 8 Under-the-Radar AI Cryptocurrencies with 100x Potential: GraphLinq Chain (GLQ) and ANKR Lead the Pack appeared first on CaptainAltcoin.

2024-5-13 19:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru