Bitcoin on the Brink: Billionaire Doubles Down on $250K Prediction as Crypto Threatens Dollar Dominance

Forget 'too big to fail'—Bitcoin's gunning for the dollar's throne, and Wall Street's elite are taking notice. One billionaire's sticking to his $250K price target, betting crypto's endgame is a full-scale financial coup.

No central bank approval needed. No bailouts. Just a decentralized juggernaut rewriting the rules—while traditional finance scrambles to keep up (or cash in).

Could this finally be the dollar's reckoning? Or just another hype cycle for the suits to exploit? Either way—the system's getting a stress test it never signed up for.

Tim Draper’s Bold Timeline

According to Draper, the $250,000 target isn’t just wishful thinking. In 2018, he said bitcoin would reach that level by 2022. It didn’t happen—2022 saw many digital assets tumble in value. This year, though, he repeated his forecast after seeing a “recent surge” in the crypto.

Bitcoin might go infinite against the dollar.

On the heels of the recent surge, I’m still expecting Bitcoin to reach $250,000 this year.

Whether Bitcoin will keep gaining ground that fast, who knows.

But the main factors pushing it forward right now are:

→ General optimism… pic.twitter.com/EiD36iYbRy

— Tim Draper (@TimDraper) June 4, 2025

He also claimed Bitcoin could become “infinite against the dollar,” arguing that in 10 years the US dollar wouldn’t exist. His confident tone suggests he’s sticking with the same numbers—$250,000 by December 31, 2025.

Political And Regulatory Drivers

Based on reports, Draper points to politics as a big catalyst. He highlighted moves by US President Donald Trump, who is working on new trade deals. One sign of this push is the Media & Technology Group’s filing on June 5, 2025, for a Truth Social Bitcoin ETF.

That application is headed to the NYSE Arca, with Crypto.com lined up as custodian, and it aims to bring more mainstream money into Bitcoin. On the regulatory front, the US Senate voted 66–32 on May 19 to advance the GENIUS Act, which WOULD set rules for stablecoins.

Plus, the Digital Asset Market Clarity Act of 2025 is under debate. It has bipartisan support and is meant to spell out clear rules for crypto.

Draper also sees banks and big companies stepping in. He mentioned that JP Morgan plans to let its clients buy Bitcoin and use spot-BTC ETFs—like BlackRock’s IBIT—as collateral. That shift could open doors to a flood of institutional cash.

Meanwhile, according to Bitcoin Treasuries data, Michael Saylor’s Strategy leads the pack, holding over 580,000 BTC. At current prices, that stash is worth about $61 billion. These moves, Draper argues, point to people treating Bitcoin more like Gold than a risky token.

In his view, the tech upgrades on Bitcoin matter too. He talked about Web3 apps built on Bitcoin and said “Layer 2 solutions give Bitcoin the flexibility of Ethereum.” Right now, Lightning Network handles many Bitcoin transactions, making payments faster and cheaper.

Featured image from Imagen, chart from TradingView