Just came across Tim Draper's latest Bitcoin take and honestly, his track record on this stuff is pretty wild. The guy's been through the entire Bitcoin cycle - from early mining mishaps to actually calling the $10k price back in 2017, which turned out to be almost dead accurate.

His story is actually interesting. Draper tried getting into Bitcoin early through Peter Vessenes mining with Butterfly Labs chips, but the manufacturer basically kept the hardware for their own mining before shipping. By the time he got the equipment, BTC was already above $30. Then he stored everything on Mt. Gox - and we all know how that ended in 2014. Lost it all.

But here's the thing about Tim Draper - the guy didn't just give up. He did his research, realized Bitcoin was being used for remittances and banking the unbanked, and went all in at the US Marshals auction in July 2014. Bid $632 per BTC and walked away with roughly 29,656 coins across nine lots. That's when he went on Fox Business and made the $10k call for three years out. Nailed it in November 2017.

Now Draper's saying Bitcoin hits $250k within 18 months. His reasoning is basically inflation and dollar weakness creating tailwinds for BTC. He actually wrote that he expects the number to go even higher as Bitcoin rises and the dollar continues falling from inflationary pressure.

That said, Tim Draper did call $250k before and we're nowhere near that six years later. Bitcoin's sitting around $75.93K right now, so $250k would be more than three times current levels. Worth noting that other big names like Cardano's Charles Hoskinson have also targeted that same $250k figure.

The guy's definitely got conviction and a long-term view. Whether the 18-month timeline actually plays out is another story, but you can't ignore his track record on the bigger picture calls. Definitely one of the more interesting voices when it comes to where Bitcoin goes next.