Draper Forecasts Bitcoin's Priceless Future: 'Infinite' Against Dollar

Billionaire venture capitalist Tim Draper has made another bold prediction for Bitcoin's future. Speaking on X, he claimed that the cryptocurrency could eventually go 'infinite' against the U.S. dollar due to accelerating adoption.

Draper pointed out that businesses are increasingly embracing Bitcoin payments, with Block automatically enabling them for eligible Square sellers in March. This rollout is expected to reach millions of merchants.

The venture capitalist's Draper Innovation Index has also shown that crypto-friendly states like Texas and Oklahoma are performing well due to their favorable conditions for entrepreneurs.

Draper has continued to downplay concerns about the technological threats facing Bitcoin, including quantum computing. He argued that it is more likely to compromise traditional banks before compromising Bitcoin.