Bitcoin News
By Bruce Buterin
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Block, Square, and the Merchant Push. There's some real-world movement behind the optimism, too.
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A Prediction History That's Hard to Ignore. Here's where it gets complicated. Draper's track record on Bitcoin price calls is, to put it…
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Why the Conviction Hasn't Cracked. Critics have had a field day with the shifting timelines. It's fair.
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Tim Draper still thinks Bitcoin goes to infinity. Not a typo. The billionaire venture capitalist posted on X that Bitcoin could eventually go "infinite" against the U.S.
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The logic, as he lays it out, is pretty straightforward. Bitcoin's acceptance as a payment method is growing. Businesses are starting to take it.
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There's some real-world movement behind the optimism, too. Back in March, Block — the payments company — started enabling Bitcoin payments for U.S. Square sellers.
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Draper also points to his own Draper Innovation Index, which tracks what he sees as favorable conditions for entrepreneurs across U.S. states.
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The $250,000 target hasn't gone away either. Draper reiterated it in April, saying the milestone could land within 18 months, driven by two things: more adoption and the…
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But then came the stretch targets. He forecast $250,000 by the end of 2022. Didn't happen. He pushed it to 2024. Didn't happen.
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Read also: BlackRock Cuts iShares Bitcoin Trust Entry Bar to $1 Million for Institutions
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He's basically been calling the same destination with a moving departure date. And he's not shy about it.
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On quantum computing, Draper's stance is pretty firm. He dismisses the idea that quantum advances pose a serious threat to Bitcoin, arguing they're actually more dangerous to…
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Critics have had a field day with the shifting timelines. It's fair. When you call $250,000 by 2022, then 2024, then 2025, and none of them hit, the credibility math gets harder.
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Part of that staying power probably comes from the 2014 call actually coming true. He was right once, and right early. That kind of track record buys a lot of runway.
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Read also: MicroStrategy Sells 1,690 Bitcoin as USD Cash Pile Reaches $4.65 Billion
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