Right, so Bitcoin, apparently, is about to, like, *explode* 💥, according to Tim Draper. He’s still banging on about that $250K target. Honestly, you’d think he’d have given up by now. But no, institutional adoption, regulatory clarity (whatever *that* is), and blockchain thingamajigs are apparently going to make it happen. As if! 🙄
Tim Draper Reaffirms $250K Bitcoin Target Amid Institutional Surge and Regulatory Clarity (Or, You Know, Wishful Thinking)
So, Tim Draper, bless his cotton socks, has been on X (formerly Twitter, still makes me giggle) again, reiterating his, shall we say, *optimistic* price target for Bitcoin. June 4th, he declared, once more, that it’ll hit $250,000 by the end of the year. He’s been saying this for, like, *ages*. One wonders if he’s got a bet on it or something. 🤔 He wrote:
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,” he added. Well, quite. Draper first made this *bold* prediction in 2018. 2018! That’s, like, a lifetime ago in crypto years. He’s explained that Bitcoin could “go to infinity” against the U.S. dollar. Right. Because the dollar is just going to, like, disappear? Sounds legit. 💸
Apparently, trade deals (thanks, Trump!), regulatory frameworks (still not sure what they are), and Web3 applications (more jargon!) are all contributing to this ascent. Oh, and institutional integration. Because JPMorgan (yes, *that* JPMorgan) is now offering Bitcoin-related services. The irony! 😂
Draper also thinks Bitcoin is becoming, like, *credible*. He noted:
Businesses are piling in, bringing it further into the mainstream. Bitcoin is extremely low risk compared to some other cryptocurrencies and stocks because people believe in it. It’s earning the title of a store of value.
Low risk? Compared to what, exactly? Skydiving without a parachute? Anyway, he also mentioned Layer 2 solutions (more techy stuff) and how Bitcoin is a hedge against government overspending. Because, you know, governments are just *so* responsible with money. 🙄 Skeptics are still skeptical, of course. But Draper’s sticking to his guns. Good for him, I suppose. I’m off to buy more shoes. At least they’re a tangible asset. 👠
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2025-06-08 03:57