Venture capitalist Tim Draper was interviewed on CNBC, discussing the trend of Bitcoin still dominating the crypto market in the long term, with altcoins acting as the driving force. (Background: Silicon Valley venture capital guru Tim Draper: Bitcoin will send the dollar into history within ten years, stablecoins also cannot escape the fate of inflation.) (Additional background: Why has the Bitcoin lending protocol 'Zest' been able to attract investment from Silicon Valley venture capital guru Tim Draper and Binance? What are its features?) Venture capitalist Tim Draper appeared again on CNBC's Squawk Box on the 25th to discuss financial trends. He admitted that the $250,000 Bitcoin (BTC) price target has been pushed back, but the overall trend remains unshaken. In response to the host's questions about the fluctuations in cryptocurrency, Tim Draper pointed out that Bitcoin's market share has risen from 40% to about 61–62%, indicating that capital and consensus are still concentrating on Bitcoin as the core asset. The long-term dominance of Bitcoin remains unchanged. Tim Draper agreed on the program that BTC's short-term price is often tested, but he focused on the network effect. He mentioned: Other currencies may appear as flashes in the pan, but I believe we are in a major trend toward Bitcoin. NEW: Billionaire Tim Draper says, “There are other currencies that will come up as flashes in the pan but I think overall, we’re in a major trend toward Bitcoin.” pic.twitter.com/6cKlg8aDL0 — Cointelegraph (@Cointelegraph) August 26, 2025 According to his past predictions about Bitcoin, although the price predictions did not hit the timing, his long-term bullish argument has not been wrong, as his long-term theory is based on the gradual strengthening of miners' computing power, node distribution, and developer resources, constructing a capital pool that is hard to shake. Altcoins play the role of 'Beta testers'. Regarding the value of thousands of altcoins, Tim Draper changed to a new metaphor. He said in an interview that these projects act like 'Beta testers', by trying new features, governance models, or speed optimizations, ultimately feeding back mature practices to the Bitcoin main chain. He stated that altcoins not only do not weaken Bitcoin but rather strengthen Bitcoin's role as a gravitational center of open finance. Tim Draper cited the early Microsoft monopoly in the operating software market as an example, pointing out that when the network effect spreads to a certain scale, new users (investors) are more inclined to return to the safest and most liquid main platform (the source of cryptocurrency, Bitcoin). Basic technology comparable to AI and stem cells. Tim Draper places Bitcoin within a broader puzzle of human technology, believing that the global economy is experiencing a composite wave of innovation, with AI, stem cells, and crypto assets collectively defining the next decade. “The immutable ledger of Bitcoin, combined with the smart contract layer, is enough to reshape payment, clearing, and ownership registration.” When asked if the dollar system would be shaken, he responded that Bitcoin does not need to completely replace fiat currencies but rather provides an alternative option that is 'borderless and censorship-resistant', particularly more pronounced in high inflation or capital-controlled markets. Tim Draper's advice on investing in Bitcoin. When asked how investors should view Bitcoin's extreme price fluctuations, Draper suggested extending the investment time horizon. He pointed out that Bitcoin's compound annual return rate from 2009 to the present far exceeds other assets, “History tells us that short-term declines often brew the next round of innovation.” He reminded the audience to diversify their positions, control leverage, and respect the power of market sentiment. At the end of the discussion, he concluded with a statement: True innovation always grows between panic and doubt. Although it’s just common advice for investors, when the CNBC camera pulled back, Draper ultimately returned to the initial proposition: Bitcoin remains the most widely distributed and actively developed crypto asset globally. The functions and concepts brought by altcoins will mostly be integrated into this earliest and safest chain.

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