Tim Draper once again insists that Bitcoin will reach $250,000 within 18 months.

Although previous predictions were delayed, he still believes in this figure.

Interestingly, Draper started his journey with Bitcoin from significant losses.
He tried to buy Bitcoin at $4 when the price was very low, but a delayed provider caused him to miss the opportunity.
Then, when everything was ready, the price had jumped to $30.
Later, he lost everything in the Mt. Gox collapse in 2014.

Instead of giving up, Draper decided to study the reality.
He noticed that Bitcoin is actually used for financial transfers and salaries in emerging markets.
This motivated him to return strongly.
He bought about 30,000 Bitcoins at $632 each from a U.S. government auction, totaling around $19 million.
He took all nine available pieces even if they were more expensive than the market price at the time.

In 2014, Draper predicted Bitcoin would reach $10,000 within three years.
The goal was nearly achieved in 2017.
Afterward, he started talking about $250,000, but the timeline changed several times.
He initially expected to reach it by 2025, then delayed it.
Now he says 18 months, which means late 2027.

The current price is around $77,860, about 38% below the all-time high of $126,080.
To reach Draper’s target, Bitcoin needs to surge more than three times from current levels.
This reflects his huge bet on Bitcoin versus the dollar.

Draper sees Bitcoin as a hedge against dollar weakness and inflation.
He believes ongoing pressures on the U.S. currency will push capital toward Bitcoin.
With growing global adoption, he expects the digital currency to become a main payment method that could replace traditional currencies in daily use.

His clear view: not owning Bitcoin carries real risks as the global financial system evolves toward digital assets.
Bitcoin versus the dollar is not a new battle, but it seems it will continue for years to come.