Tim Draper believes Bitcoin price will rise to $250k in 2025

Famous investor Tim Draper has once again voiced his forecast, which concerns the rate of the main crypto coin. According to the billionaire, the price of Bitcoin will grow to $250 thousand in 2025.

“I did not expect the bureaucracy in the U.S. to be so aggressive. I thought officials realized they had to compete with the rest of the world,” he explained.

According to Draper, the SEC’s current actions have caused businesses to leave the U.S., affecting the first cryptocurrency’s value.

“It’s a great system, a great currency, a great way to work. I’m looking forward to the times when I launch a fund to invest 100% in Bitcoin, when all my portfolio companies start paying employees and suppliers in digital gold and when all taxes are paid in the first cryptocurrency […]. In that case, there will be no accounting, auditing, or reporting; everything will be on the blockchain. Everything is honest and straightforward,” the investor stated.

And the author of the famous book “Rich Dad, Poor Dad” Robert Kiyosaki, insists on the early “death” of the U.S. dollar. The entrepreneur also believes in the growth of Bitcoin rate to the mark of $120 thousand in 2024.

According to the businessman, the BRICS countries should present a gold-backed cryptocurrency in South Africa on August 22.

“The U.S. dollar will die. Trillions of dollars will come home. Inflation will skyrocket. Buy gold and silver. Bitcoin will reach $120,000 next year,” Kiyosaki wrote.

Previously, he has repeatedly urged users to stop choosing alternative types of investments. Last September, the entrepreneur declared “the greatest crash in history,” and in October — advised to buy bitcoins and other crypto-assets amid the rising Fed Funds rate.

Earlier this year, Kiyosaki announced that BTC would rise to $500,000 by 2025. The businessman called cryptocurrency the best insurance in today’s unstable situation but recalled the volatility of Bitcoin.