Billionaire venture capitalist Tim Draper has made a bold prediction: Bitcoin will replace the U.S. dollar as the dominant global currency within the next 10 years. In a recent interview with CoinDesk, Draper stated, “Ten years, something like that. It may be a little less,” suggesting a significant shift in the global financial landscape.
Draper reiterated his long-standing forecast that Bitcoin’s price will reach $250,000 by the end of 2025. He envisions a future where Bitcoin becomes the primary medium for everyday transactions, including purchasing food, clothing, shelter, and even paying taxes. In such a scenario, he argues, there would be little reason to hold onto traditional fiat currencies like the U.S. dollar.