TLDR
- Tim Draper says companies without Bitcoin are “irresponsible.”
- He blames U.S. regulation for delays but says Bitcoin adoption and smart contracts are gaining momentum.
- Draper plans to launch a Bitcoin-only fund.
- Big names Like Kiyosaki and Scaramucci also see BTC hitting $200K+ in 2025.
Billionaire Tim Draper has reignited his vision for Bitcoin, taking aim at corporations that have yet to adopt the cryptocurrency as part of their financial strategy.
Speaking at the FT Digital Assets Summit this week at Convene 155 Bishopsgate in London, the prominent venture capitalist and crypto advocate described companies that lack Bitcoin in their reserves as “irresponsible,” warning they are ignoring the clear direction of the future financial system.
BTC to hit $250 by Year-End
Draper, known for his outspoken optimism about digital assets, reaffirmed his long-standing prediction that Bitcoin will reach $250,000 by the end of 2025. Notably, while his initial forecast had set this milestone for 2022, he has since revised the timeline several times, citing various market conditions and regulatory delays. This time, he pointed directly at what he termed “over-regulation under the Biden administration” as a key factor slowing Bitcoin’s momentum. Despite this, Draper remains confident that the market is on the verge of a breakout.
“There’s a gravitational pull toward Bitcoin,” Draper told the audience, arguing that the asset is no longer just a store of value, but an emerging foundation for a broader financial infrastructure.
He further pointed to the rapid development of Ordinals, Runes, and smart contracts on the Bitcoin network as proof that it is becoming a full-fledged platform, rivaling other chains like Ethereum and Solana, which have traditionally led in decentralized application development.
Draper’s Plan to Launch BTC-Only Fund
Draper also revealed his vision of launching a fully Bitcoin-based investment fund within the next five years. The fund would leverage smart contracts to automate all internal operations, reducing overhead costs and eliminating the need for legal and auditing services.
“We’re moving toward a world where trust is built into the code,” he said. “The blockchain makes things more transparent and efficient than any centralized system ever could.”
Interestingly, Draper likened Bitcoin’s transformative power to the invention of gunpowder. “After him, wars changed. After Bitcoin, commerce will change,” he said, emphasizing that traditional fiat currencies are on their way out. According to Draper, the transition will begin with the growing use of stablecoins, which offer a digital representation of fiat, and eventually shift fully to Bitcoin, which he calls “digital gold.”
His speech follows a May 1 commentary where Draper sounded alarms over the declining strength of the U.S. dollar. Drawing a historical parallel to the Confederate dollar during the Civil War, which collapsed due to hyperinflation, Draper warned that today’s economic conditions could trigger a similar loss of trust in fiat money. He further argued that gold, long considered a safe-haven asset, cannot compete with Bitcoin due to its storage challenges, lack of portability, and inability to be used for daily transactions.
Bitcoin might be worth an infinite amount of USD.
During the Civil War, the south’s Confederate Dollar went through hyperinflation.
After starting 1:1 with USD, it ended the war at over 10 million to 1.
People lost faith and scrambled to trade their cash in for USD.
But now… pic.twitter.com/qRTEKl4VkU
— Tim Draper (@TimDraper) May 1, 2025
That said, despite the volatility and missed targets in past years, Draper remains undeterred. His belief is rooted in Bitcoin’s limited supply, rising institutional interest, particularly through spot Bitcoin ETFs and its increasing use as a medium of exchange.
“People are more comfortable holding Bitcoin than dollars,” he said. “And as the technology matures, that comfort will only grow.”
BTC Bullish Sentiment Grows
Meanwhile, Draper is not alone in predicting BTC’s surge beyond $200,000 this year. Last month, investor Robert Kiyosaki suggested that Bitcoin could reach between $180,000 and $200,000 in 2025. Earlier in February, Anthony Scaramucci, manager of the First Trust SkyBridge Crypto Industry & Digital Economy ETF, predicted Bitcoin will reach $200,000 in 2025, attributing this optimism to growing institutional adoption and the potential establishment of a U.S. strategic Bitcoin reserve under the Trump administration.
At press time, BTC was trading at $99,564 reflecting a 2.61% surge in the past 24 hours.
