Billionaire venture capitalist Tim Draper has reiterated his prediction that Bitcoin could reach $250,000 within the next 18 months. He cited ongoing inflationary pressures and a weakening US dollar as key factors supporting higher Bitcoin adoption and value.

Draper, known for early Bitcoin investments including a large purchase at around $632 per coin, acknowledged past prediction timelines have shifted but maintains confidence in long-term growth driven by increasing global usage.