Billionaire investor Tim Draper has reiterated his price target of $250,000 for Bitcoin by year-end 2025, citing surging institutional interest and growing real-world use cases. He believes this trajectory is driven by multiple factors including renewed optimism in the market, regulatory clarity emerging from crypto frameworks, expanding applications on the Bitcoin blockchain, and increasing participation of banks within the cryptocurrency landscape. Draper points out that even traditional institutions like JPMorgan, historically skeptical towards crypto, are preparing to offer Bitcoin services to their clients. This marks a significant step toward mainstream adoption of Bitcoin.