$BTC

Venture capitalist Tim Draper has once again confirmed his long-held price target for Bitcoin on the social platform X on June 4, stating again that he expects the cryptocurrency to reach $250,000 by the end of this year. Draper, who has predicted this level for several years, has maintained his position amid renewed market momentum. He wrote:

Bitcoin could become infinite relative to the dollar. Following the recent surge, I still expect Bitcoin to reach $250,000 this year.

"Will Bitcoin move that quickly, who knows," he added. Draper first made his $250,000 forecast in 2018 and has repeatedly reaffirmed the target despite volatility in the crypto market. The well-known venture capitalist explained that Bitcoin could "reach infinity" relative to the US dollar, describing a scenario in which the value of Bitcoin significantly increases while the purchasing power of the dollar decreases to nearly zero.