Venture capitalist Tim Draper has extended his timeline for Bitcoin to reach $250,000, now forecasting the price surge will occur by the end of 2027.
According to thestreet.com, the billionaire investor previously expected the cryptocurrency to hit the milestone by the end of 2025.
Draper, an early investor in Tesla, maintains that the digital asset will climb significantly higher as the U.S. dollar falls prey to inflationary pressures.
Despite recent market volatility, Draper expressed confidence in the 18-month window for a massive rally. He shared his long history with the asset in a recent post on X, detailing everything from the Mt. Gox crash to his 2014 purchase of 30,000 BTC from a U.S. Marshals Service auction.
A long-term crypto conviction
Draper has long advocated for widespread adoption, once stating that not owning the cryptocurrency is "irresponsible." He believes retailers will eventually transition to accepting only Bitcoin payments.
His investment portfolio includes stakes in major industry players such as Coinbase and Robinhood Markets. He also hosts DraperTV on the Solana-based launchpad Pump.fun, where he features content from various crypto entrepreneurs.
Bitcoin's recent performance has struggled to maintain its previous highs. The asset hit a peak of $126,080 on October 6, 2025, but has since traded approximately 40% lower at $74,271.20, the outlet reported.
While Draper admitted his recent price predictions have not been prescient, he remains focused on the long-term utility of the network. He continues to view Bitcoin as the primary currency of the future.