Tim Draper Predicts Bitcoin Will Redefine Global Currency by 2025

Billionaire entrepreneur Tim Draper has predicted that within the next decade, Bitcoin will surpass the US dollar’s global economic dominance and become the primary currency of international commerce. In a recent statement, Draper affirmed his previous prediction that Bitcoin will reach $250,000 by the end of 2025. He argues that this shift will occur as trust in traditional banking systems wanes. The collapse of Silicon Valley Bank (SVB) and subsequent closures of Signature Bank and Silvergate Bank are seen by Draper as evidence of a growing distrust in traditional financial institutions, accelerating the transition towards Bitcoin.