Tim Draper: Bitcoin to Surpass $250,000 by 2028

▲ Bitcoin (BTC), U.S. Dollar (USD) / ChatGPT-generated image

A bold forecast has emerged claiming that Bitcoin (BTC) could surge to four times its current price within the next two years, fueled by expanding global adoption and the effects of its limited supply.

According to cryptocurrency-focused outlet U.Today on February 19 (local time), venture capitalist Tim Draper, known for early investments in Tesla and SpaceX, reaffirmed that Bitcoin will surpass $250,000 by 2028 and even proposed a public bet on Polymarket based on his prediction. Draper emphasized that Bitcoin is evolving beyond a mere investment asset and establishing itself as a new global financial standard, leading market optimism.

Draper argued that Bitcoin serves as a powerful alternative to centralized banking systems and excessive government spending. He stressed that Bitcoin’s decentralization and security make it a far safer store of value than traditional fiat currencies, which lose purchasing power due to inflation. Draper has also presented an ultra-bullish long-term outlook, projecting that a single Bitcoin could eventually reach $10 million, and described the current market conditions as a buying opportunity.

Other major market figures are echoing Draper’s outlook. Michael Saylor, co-founder of Strategy, and Samson Mow, CEO of Jan3, also agree on Bitcoin’s long-term value appreciation. Saylor characterized the current environment as a shorter-lived crypto winter compared to previous cycles but predicted that Bitcoin could exceed $1 million within the next decade. Mow likewise forecast that Bitcoin could rapidly climb to between $250,000 and $500,000, forming what he described as a massive “Omega candle” on price charts.

Although Bitcoin has recently retreated from its all-time high of $126,000 recorded last October, bullish analysts like Draper view the pullback as a temporary correction. Growing regulatory clarity, including the passage of U.S. crypto market structure legislation, along with institutional inflows through spot Bitcoin ETFs, are seen as key drivers for a future rebound. As more institutions adopt Bitcoin as a corporate treasury asset, the possibility of a supply-demand imbalance pushing prices beyond critical thresholds is increasing.

The digital asset market is entering a new phase of growth, supported by the Trump administration’s pro-market policy stance and the deeper participation of traditional financial institutions. As Bitcoin’s asset value is redefined and mainstream adoption accelerates, Draper’s target price is increasingly viewed as a tangible trajectory aligned with strong market expectations. Global investors are closely watching how shifts in supply-demand dynamics and technological evolution will reshape Bitcoin’s price history.

Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses incurred based on it. The content should be interpreted for informational purposes only.