Tim Draper says his long-held Bitcoin price prediction of $250,000 is still possible, calling Bitcoin a hedge against bad governance and comparing its network effect to Microsoft; he acknowledged past timing errors but highlighted renewed market momentum and higher dominance versus prior cycles.
Uber-bullish price target: Tim Draper’s $250,000 forecast revisited
Bitcoin framed as a governance hedge and growing network gravitation
Market context: BTC dominance, altcoin performance and historical precedent
Bitcoin price prediction: Tim Draper revisits $250k target — read expert analysis and key takeaways for investors.
What is Tim Draper’s current Bitcoin price prediction?
Tim Draper Bitcoin prediction remains that Bitcoin can reach $250,000 despite missed timing. Draper told CNBC he has been predicting $250,000 for years, admitting the timeline was off but emphasizing Bitcoin’s resilience, growing dominance, and role as a hedge against poor governance.
Why did Draper call Bitcoin a hedge against bad governance?
Draper argues Bitcoin provides a censorship-resistant store of value that can protect users from fiat mismanagement. He referenced historical purchases (US Marshals Service auctions) and prior correct calls—such as predicting $10,000 in 2014—to support his view that decentralized money offers political and monetary insurance.
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Source: https://en.coinotag.com/tim-draper-acknowledges-missed-250000-bitcoin-call-says-token-could-still-be-a-hedge-comparable-to-microsoft/