Billionaire VC and Bitcoin bull Tim Draper is more confident that crypto markets will boom in 2026. Specifically, he believes that Bitcoin (BTC) could record a major upward swing, reaching his long-standing $250,000 target within the next six months.
Draper, who is no stranger to optimistic Bitcoin price targets, also expects the benchmark crypto to eventually skyrocket to $10 million as it replaces U.S. dollar dominance.
BTC To Reach $250,000 Territory In 2026, Says Draper
Draper made an early, lucrative bet on tech and later acquired his first Bitcoins at $4. In his Jan. 19 post on X, Draper revealed that he had lost everything after the collapse of Mt. Gox exchange. He later bought confiscated Silk Road Bitcoins in a government auction, where he paid over market at $632, fortifying his standing as a prominent crypto backer.
The billionaire accurately forecasted $10,000 for BTC in 2014 and later set the $250,000 target in 2018 with a 2022 deadline.
Unfortunately, the crypto market went on to endure major shocks, including the 2022 downturn tied to the catastrophic failure of Terra-Luna and FTX’s demise. Bitcoin slumped to $16,000 lows by late 2022, forcing Draper to repeatedly reset timelines.
Draper argued at the time that the next wave of Bitcoin adoption— and the accompanying price surge to $250K —would be spurred by women, given that they control roughly 80% of retail spending.
Earlier last year, Draper reiterated his $250,000 call, citing regulatory tailwinds for the top crypto under the pro-crypto Trump administration. BTC’s path to $250,000 would also be boosted by multiple firms adopting Bitcoin as a treasury reserve asset, he posited.
“My next prediction was thwarted by a misguided administration. Now, we are back on track,” Draper noted.
According to CoinGecko, Bitcoin is currently trading hands at $90,933, meaning that it would have to rally roughly 174% within the next six months to reach Draper’s lofty $250K target.
The Case For Bitcoin Hitting $10 Million
Looking beyond 2026, Draper sees Bitcoin replacing U.S. dollar dominance and becoming the standard currency underpinning the international economy. He contends the share of the greenback will “keep shrinking” due to inflation and debt, while Bitcoin grows. Before this happens, the world’s oldest and largest cryptocurrency will reach the much-coveted $10 million mark.
“I’m calling $250,000 in six months, and all up from there. $1,$2, maybe $10 million before Bitcoin eclipses the use of the dollar. The Bitcoin network keeps growing while the dollar keeps shrinking,” the billionaire VC postulated.
Nevertheless, not all analysts share Draper’s optimistic outlook. Veteran analyst Peter Brandt, for instance, recently forecasted that Bitcoin could endure a painful 75% correction before resuming a long-term strong rally.
Source: https://zycrypto.com/billionaire-investor-tim-draper-tips-bitcoin-will-hit-the-mythical-250000-mark-within-six-months/
