Billionaire Tim Draper has Share A bright statement amid the sharp decline in Bitcoin prices argues that major cryptocurrencies by market capitalization are actually “valuable everywhere.”
Draper highlighted the key characteristics of Bitcoin, including decentralization, immutability, high liquidity and its global nature.
American billionaires describe it as the ultimate “hedge” against government spending.
Draper’s statement comes after about $1 billion worth of crypto was liquidated over the past 24 hours.
As Reported by U.Todaythe legendary venture capitalist known for his visionary bets on Hotmail and Skype, predicted that Bitcoin could surge to $10 million. This puts them in the same Uber bulls camp as Saylor of Strategy.
Recently, he Discussed Cryptocurrency could surge infinitely against the US dollar, and if the entire system breaks down, it could lead to hyperinflation.
Early Bitcoin investor, Draper correctly predicted that major cryptocurrencies would surge to $10,000. However, his next big prediction was ultimately a big mistake. The legendary venture capitalist was sure Bitcoin would reach $250,000 by the end of 2022.
However, major cryptocurrencies are far from reaching the aforementioned targets as of mid-2025. However, Draper appears to be sure Bitcoin will eventually reach $250,000 this year.
Gold has far surpassed Bitcoin this year, but recently he has said that Bitcoin is a great asset due to its boundless nature.
