Billionaire Draper Predicts Bitcoin Price Could Surge to Infinity

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Ah, the grand Tim Draper, famed venture capitalist and seer of the financial future, has spoken once again. This time, his prophetic gaze falls upon Bitcoin, with a prediction that it could surge to… well, infinity against the mighty US dollar. 🤯

Yes, you heard it right—according to the American billionaire, this mystical leap could unfold if we find ourselves in the grips of hyperinflation. And he doesn’t just talk for the sake of it, no—he draws on history. How quaint.

Ah, the Confederate dollar, a tragic hero in the tale of monetary failure. Draper recalls how this once-stalwart currency lost its value faster than a politician’s promise during the Civil War. The Confederate dollar, much like its American counterpart, was originally as solid as a rock. But, oh, how the mighty fell when the government decided to print money like there was no tomorrow to fund their war efforts. Naturally, it collapsed under the weight of its own inadequacy. As if that weren’t enough, it had no international backing. Let’s just say, not a good look for a currency. 🧐

People were, naturally, desperate to preserve their wealth amidst the storm of hyperinflation. So what did they do? They traded their paper for something tangible—gold. The shiny metal became so popular that, by the end of the war, one could expect to pay $50 for a bar of soap. Yes, a bar of soap. Imagine that! 🤦‍♂️

Now, Draper looks at today’s US dollar index, which is, to put it mildly, having its worst start to the year in a staggering 40 years. “Could it go lower?” Draper wonders. Absolutely. Thanks to those lovely geopolitical tensions, of course. So, if things keep going south, he suggests that the faith in the dollar could diminish even further. Who would’ve thought, right?

So, what’s his solution to this looming crisis? Oh, it’s simple. Bitcoin. Draper envisions Bitcoin as the heroic hedge in case of an actual crisis. In his words, “If the system breaks down, you don’t want to be the one frantically pulling cash from the bank or hoarding gold in your room.” Oh no, that’s so 20th century! You want enough Bitcoin to keep your family going for six months to a year. No pressure, of course. 😎

And lest we forget, Draper has made bold forecasts in the past. Remember when he predicted that Bitcoin might one day reach a cool $3 million? Well, that was cute. But who knows? With this new “infinity” prediction, we might be in for a wild ride! Hold onto your hats, folks, the future of money is looking… interesting.

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2025-05-01 23:35