The investor who predicted Bitcoin at $10,000 in 2014 now forecasts $250,000 in six months and $10 million in the long term

Source: Yellow Original Title: The investor who predicted Bitcoin at $10,000 in 2014 now forecasts $250,000 in six months and $10 million in the long term

Original Link: https://yellow.com/es/news/el-inversor-que-predijo-bitcoin-a-10000-en-2014-ahora-pronostica-250000-en-seis-meses-y-10-millones-a-largo-plazo Venture capitalist Tim Draper has once again revisited one of his most-followed predictions, asserting that the long-term trajectory of Bitcoin remains one of the strongest asymmetric bets against fiat currency.

What happened

Speaking on a podcast on Monday, Draper outlined a price trajectory starting with a move to $250,000, extending to $1 million, and ultimately reaching $10 million per Bitcoin.

At that time, Draper suggested, the dollar would cease to serve as a practical medium of exchange.

He told his followers he expects Bitcoin to reach $250,000 within six months, pointing to the ongoing expansion of the network as, in his view, confidence in traditional currencies erodes.

He presented these scenarios as proof that conviction, rather than timing, has defined his approach to this asset.

Draper recalled predicting a $10,000 price for Bitcoin in 2014, when the asset was trading below $200. Three years later, Bitcoin hit that level.

Although he acknowledged that regulatory pressure and policy decisions temporarily slowed adoption, he maintained that momentum has since resumed.

Why it matters

Draper’s comments align with themes he has repeatedly emphasized in previous statements: Bitcoin as a growing global network and fiat currencies as systems under stress.

In earlier interviews, Draper has argued that Bitcoin’s borderless nature and predictable monetary policy position it as a hedge against government excesses, inflation, and financial fragmentation—points he reiterated in his most recent remarks.

Draper has presented versions of the $250,000 target for years, postponing timelines as market conditions changed and setbacks occurred in the industry. For example, at the end of 2022, he maintained he was “100% sure” Bitcoin would reach $250,000, although he extended the timeline after the FTX collapse.