Venture capitalist Tim Draper reiterated his long-held price target for bitcoin on social media platform X on June 4, stating once again that he expects the cryptocurrency to hit $250,000 by the end of this year. Draper, who has been forecasting this level for several years, maintained his position amid renewed market momentum. He wrote:

Bitcoin might go infinite against the dollar. On the heels of the recent surge, I’m still expecting bitcoin to reach $250,000 this year.

“Whether bitcoin will keep gaining ground that fast, who knows,” he added. Draper first made his $250,000 projection in 2018 and has repeatedly reaffirmed the target despite volatility in the crypto market. The famous venture capitalist has explained that bitcoin could “go to infinity” against the U.S. dollar, describing a scenario in which bitcoin’s value would surge as the dollar’s purchasing power declines toward zero.

In his latest remarks, Draper cited several factors he believes are accelerating bitcoin’s ascent. Among them are trade deals being advanced under President Donald Trump, the rollout of long-anticipated regulatory frameworks, and the emergence of new Web3 applications utilizing the Bitcoin blockchain. He added that institutional integration is helping BTC transition further into mainstream financial infrastructure. JPMorgan, a historical skeptic of digital assets, is now preparing to offer bitcoin-related services.

Draper also emphasized what he sees as bitcoin’s growing credibility as a reliable asset. He noted:

Businesses are piling in, bringing it further into the mainstream. Bitcoin is extremely low risk compared to some other cryptocurrencies and stocks because people believe in it. It’s earning the title of a store of value.

Additionally, he referenced the technical evolution of the network, highlighting how Layer 2 solutions are giving bitcoin functionalities traditionally associated with ethereum while maintaining its core principles. Draper concluded that institutional investors and major corporations increasingly view bitcoin as a hedge: not just against market risk, but against monetary policies driven by government overspending. Though skeptics continue to warn of bitcoin’s volatility, Draper’s outlook echoes a broader belief in the crypto space that its fixed supply and decentralized nature offer long-term resilience.

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