Billionaire entrepreneur Tim Draper has predicted that within the next decade, Bitcoin will overthrow the global economic dominance of the US dollar and become the main currency of the international economy. “It could take 10 years, maybe even a little bit less,” Draper said. Draper reiterated his long-held prediction that Bitcoin will reach $250,000 by the end of 2025, and that within a decade, “the value of Bitcoin will be infinite against the dollar because there will be no more dollars.” “If I can buy food, clothing, shelter, and pay my taxes with Bitcoin, and this system provides a better way to collect taxes, there is no point in holding dollars anymore. Bitcoin becomes the primary store of wealth,” he said. Draper argued that the global transition to Bitcoin would be a standard as trust in traditional banks declined. He noted that this loss of trust was particularly evident with the collapse of Silicon Valley Bank (SVB) in March 2023. Related News: Analysis Firm Warns: This Bitcoin Bull Run Is Very Different From Previous Ones The SVB collapse had a knock-on effect, with the subsequent closures of Signature Bank and Silvergate Bank before it. The Federal Deposit Insurance Corporation (FDIC) said these banks were affected by the “contagion effects” of the FTX collapse. However, many cryptocurrency companies argue that these closures were accelerated as part of a covert government operation called “Operation Chokepoint 2.0.” Tim Draper describes Bitcoin as “better technology” and “better software” and believes it will replace banks and government-backed money. Draper sees stablecoins as a bridge to Bitcoin, but he sees them as just as flawed as government-printed currencies. Although Draper stated that US President Donald Trump's global customs tariff policies are contrary to the understanding of free trade, he argues that these policies weakened the US dollar and accelerated the strengthening of Bitcoin. As of the beginning of 2025, the dollar index fell by 8% to 99.96, reaching its lowest level since April 2022. *This is not investment advice. Continue Reading: Billionaire Entrepreneur Tim Draper Reveals His Predictions for the Future of Bitcoin – “The Price of BTC in 2025…”
