Tim Draper Advocates for Corporate Bitcoin Adoption with $250K Price Prediction
At the Financial Times Digital Assets Summit, billionaire investor Tim Draper made a compelling case for corporate Bitcoin adoption, warning that companies not holding Bitcoin in their treasuries are ’being irresponsible.’ Draper, renowned for his bullish stance on Bitcoin, projected a future price target of $250,000 and emphasized universal adoption, stating, ’Everybody ought to have some Bitcoin.’ He also revealed plans to launch a Bitcoin-native initiative, further solidifying his commitment to the cryptocurrency’s growth and mainstream acceptance.
Tim Draper Urges Corporate Bitcoin Adoption, Predicts $250K Price Target
Billionaire investor Tim Draper has issued a stark warning to corporations at the Financial Times Digital Assets Summit, stating that businesses failing to hold Bitcoin in their treasuries are ’being irresponsible.’ The venture capitalist, known for his bullish Bitcoin stance, emphasized universal adoption potential: ’Everybody ought to have some Bitcoin.’
Draper revealed ambitious plans to launch a Bitcoin-native investment fund within five years, structured entirely around the cryptocurrency. ’I’ll raise it in Bitcoin, invest in entrepreneurs using Bitcoin, with all operations conducted in Bitcoin,’ he declared. His comments come alongside a reaffirmed price prediction of $250,000 per Bitcoin by 2025.
The investor noted growing institutional recognition, observing that ’governments are realizing Bitcoin should be in their treasury.’ This endorsement from a Silicon Valley veteran underscores the accelerating convergence between traditional finance and digital assets.
Japan’s Metaplanet Expands Bitcoin Holdings with $49.6 Million Purchase
Metaplanet Inc., a Tokyo-listed firm, has acquired an additional 555 Bitcoin for $49.6 million, bringing its total holdings to 5,555 BTC worth approximately $482 million at current market prices. The move underscores the company’s strategic shift toward digital assets as a hedge against global economic uncertainty.
The purchase coincides with nascent signs of economic cooperation between the U.S. and China, suggesting institutional investors may be positioning for potential currency volatility. Metaplanet’s accumulating position—now exceeding half a billion dollars—reflects growing corporate adoption of Bitcoin as a treasury reserve asset.
Revolut Partners with Lightspark to Integrate Bitcoin Lightning Network in Europe
Revolut is teaming up with Lightspark to bring Bitcoin Lightning Network payments to users in the UK and select European markets. The collaboration aims to address the inefficiencies of traditional blockchain transactions—slow settlement times and high fees—by leveraging Lightning’s layer-2 solution for near-instant, low-cost transfers.
Lightspark, founded by ex-PayPal executive David Marcus, will provide the backend infrastructure to power Revolut’s Lightning integration. This move signals growing institutional recognition of Bitcoin’s scalability challenges—and the industry’s pivot toward layer-2 fixes. The Lightning Network’s adoption by a major fintech player could accelerate crypto’s shift from speculative asset to functional payment rail.
Bitcoin Core Developers Advocate for Transparent Governance as Miners Rake in $1.2B Monthly
Bitcoin’s foundational governance is under scrutiny as CORE developers push for minimalist, transparent rules. The debate centers on how transaction validity is determined—currently enforced by Bitcoin Core’s relay code, which sets standardness rules.
Meanwhile, miners continue to profit handsomely, earning over $1.2 billion monthly to secure the network. Their computational power serves as the backbone of Bitcoin’s security model, preventing chain usurpation by bad actors. This symbiotic relationship between miners and full node operators forms Bitcoin’s first line of defense against non-standard transactions.
Bitcoin Volatility Grows As Crucial FOMC Interest Rate Decision Looms Today
Bitcoin’s price hovers NEAR critical resistance levels as global markets await the U.S. Federal Reserve’s interest rate decision. Traders brace for potential volatility, with inflation concerns and economic uncertainty weighing on sentiment.
The cryptocurrency climbed to $96,921.96 on May 7, inching closer to the psychologically significant $100,000 threshold. Market participants position themselves ahead of the Federal Open Market Committee announcement, though consensus expects rates to remain steady at 4.33%.
All attention focuses on Fed Chair Jerome Powell’s forthcoming statement, which could dictate Bitcoin’s trajectory in coming weeks. The digital asset’s sensitivity to macroeconomic policy shifts remains a key market dynamic.
