Tim Draper Accurately Predicted Bitcoin At $10,000 — Now He Has ‘Reason To Believe’ It Will Go To $250,000 In 18 Months
April 16, 2026
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Venture capitalist Tim Draper predicted on Tuesday that Bitcoin will reach $250,000 in 18 months, and potentially higher, owing to inflationary pressures on the dollar.
Draper recalled his accurate 2014 prediction on Fox Business that Bitcoin would hit $10,000 in three years.
The billionaire investor acknowledged that his subsequent predictions have not been as “prescient,” but he has “reason to believe” that the leading cryptocurrency will climb to $250,000 in 18 months.
“Eventually I expect the number to be higher as Bitcoin rises and the dollar falls to inflationary pressures,” he added.
I bought Bitcoin at $4. Or so I thought.
Peter Viscenne had offered to mine it for me. He bought some fast mining chips from Butterfly Labs, but rather than delivering them to him, they used them to mine their own bitcoin. Then when Peter finally got the chips, Bitcoin was over…
— Tim Draper (@TimDraper) April 14, 2026
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A Bitcoin OG, Draper bought into the cryptocurrency when it traded at only $4 apiece. He’s often recounted how Peter Vessenes, founder of Draper-backed venture CoinLab, offered to mine those BTC for him.
However, the BTC was held on the Mt. Gox exchange, which collapsed after a series of hacks resulted in the loss of up to 950,000 BTC.
His credentials became widely recognized in 2014 when he purchased nearly 30,000 BTC for $19 million at a U.S. Marshals auction, acquiring coins previously confiscated from the now-defunct Silk Road marketplace.
See Also: Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time
The vocal Bitcoin maxi, in a recent interview with Benzinga, said he is following the model built around the BTC halvings, adding, ‘It is a very good bet if you chart history.”
Draper also expressed his belief that Bitcoin is safer than traditional banking, stating that quantum computing poses a greater risk to banks than to the blockchain.
Read Also: Bitcoin To See A ‘Boring’ 2026 Before Explosion To $250,000 In 2027: Galaxy Research
Photo: Hi my name is Jacco on Shutterstock.com
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