Draper Predicts Bitcoin's Rise to 'Infinite' Value

Billionaire venture capitalist Tim Draper has reiterated his extremely bullish prediction for Bitcoin. He believes that the cryptocurrency could eventually go 'infinite' against the U.S. dollar due to accelerating adoption.

Draper made this prediction on X after commenting on the growing adoption of Bitcoin payments. He noted that businesses will first start accepting Bitcoin, then only accept it, and ultimately a run on banks will follow, leading to a fundamental transformation of the financial system.

The venture capitalist concluded that Bitcoin could 'go infinite against the US dollar.' Draper has also continued to dismiss concerns about the technological threats facing Bitcoin, arguing that quantum computing is more likely to compromise traditional banks before it compromises Bitcoin.