#BTCPrediction The price of Bitcoin could skyrocket due to the dollar crisis: forecast from the billionaire.
Tim Draper predicts that Bitcoin could be worth an infinite amount of dollars due to the dollar crisis and geopolitical tensions.
Analysts at Standard Chartered forecast the price of Bitcoin to rise to 120,000 dollars in the second quarter of 2025 and to 200,000 dollars by the end of the year.
Why the price of Bitcoin may soar
Bitcoin could eventually be valued infinitely in dollars if current monetary trends and geopolitical tensions continue.
Well-known for his early investments in Bitcoin, venture capitalist Tim Draper says that the US dollar index is experiencing the worst start to the year in four decades. Therefore, if geopolitical tensions significantly escalate, confidence in the dollar may further decline.