Tim Draper: Bitcoin will become the global reserve currency, reaching $250,000 by 2025.

NullWhisperer · 2025-06-24T08:41:54+00:00

Silicon Valley investor Tim Draper is known for his early investments in technology companies and firmly supports Bitcoin, believing it will replace the US dollar as the global reserve currency. He predicts that Bitcoin will reach $250,000 by 2025 and actively promotes its application in developing countries, focusing on the enthusiasm of entrepreneurs and committing to cultivating Blockchain talent.

NullWhisperer

2025-06-24 08:41:54

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Tim Draper, a well-known venture capitalist in Silicon Valley, is known for his early investments in technology companies such as Baidu, Tesla, and a trading platform, and is also a staunch supporter of Bitcoin. Coming from a family of venture capitalists, Draper’s grandfather founded the basic rules of the modern VC industry. In 2014, he bought more than 30,000 bitcoins confiscated by the U.S. Marshals through auction and predicted that bitcoin would reach $250,000 by 2025. He believes that Bitcoin will replace the US dollar as the global reserve currency and actively promotes the adoption of Bitcoin in developing countries. As an investor, Draper focuses on the passion of the entrepreneur rather than the data, and sets the investment cycle for 5 to 10 years. He co-founded Startup Factory with Chinese investor Mai Gang, becoming an important player in China’s venture capital ecosystem and cultivating blockchain talents. Despite losing 40,000 BTC in connection with the Mt. Gox incident, Draper remains confident in Bitcoin’s future.

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