The Blubber

Venture capitalist Tim Draper believes Bitcoin is on track to supplant the U.S. dollar as the world’s dominant currency within the next 10 years.

“In maybe 10 years—or even sooner—Bitcoin will be the go-to currency for global commerce,” Draper said in a recent interview with CoinDesk.

Reaffirming his longstanding prediction, Draper maintained that Bitcoin could hit $250,000 by the end of 2025, and go on to reach "infinity" in terms of dollar value as the greenback fades into obsolescence. “Once I can use Bitcoin for food, clothing, housing—even taxes—it’ll be game over for fiat,” he said.

Draper argues that the transition to Bitcoin is inevitable. As trust in traditional financial systems erodes and digital alternatives improve, people will abandon government-backed money. He emphasized that the shift could spark a rush on banks, warning, “You don’t want to be stuck in line trying to swap dollars for Bitcoin during the changeover.”

The collapse of Silicon Valley Bank in March 2023 was a turning point for Draper. “I got flooded with calls from startups saying they couldn’t make payroll,” he recalled. Since then, he’s urged companies to keep reserves in both fiat and Bitcoin to hedge against system failures.

The closures of Signature Bank and Silvergate, both tied to the crypto sector, also fueled suspicions about government efforts to marginalize digital assets—a theory known as Operation Chokepoint 2.0. While officials cite crypto-related risks, many in the industry believe the closures were politically motivated.

Draper, a vocal crypto advocate, sees Bitcoin not just as a currency but as a technology superior to the legacy financial infrastructure. He likened the current moment to past currency collapses, referencing a Confederate note his father once gave him as a cautionary tale. “At one point, it took a million Confederate dollars to equal a single Union dollar. We’re living through a similar transition now,” he said.

Bitcoin Over Stablecoins

Draper, a self-proclaimed Bitcoin maximalist, views stablecoins as a stepping stone—but not a long-term solution. “Stablecoins still depend on fiat and suffer from inflation. Bitcoin doesn’t have that problem,” he said.

Though Draper disapproves of President Donald Trump’s tariff strategy and its impact on global trade, he believes such protectionist moves only accelerate the dollar’s decline. The dollar index, now below 100, has seen a nearly 8% drop this year. Despite concerns, Draper remains hopeful the U.S. will eventually pivot back toward open markets.