Venture capitalist Tim Draper believes that the rise of altcoins will ultimately improve Bitcoin. He argues that these smaller cryptocurrencies serve as testing grounds for upgrades, allowing Bitcoin to develop further and gain stronger network dominance. This similar pattern occurred in the early days of Microsoft, where developers focused on Windows initially, but eventually diversified to other platforms. Draper is confident this trend will continue, with altcoins driving innovation that will ultimately propel Bitcoin to even greater heights. He highlights the role of government spending as a major driver of Bitcoin’s potential as a hedge against economic volatility and uncertain government policies. Notably, Draper predicts a future where Bitcoin reaches $250,000, potentially displacing the US dollar. However, his prediction hasn’t come true yet. Draper acknowledges that this price prediction remains hypothetical.