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Venture capital veteran Tim Draper has renewed attention on Bitcoin with a prediction that the cryptocurrency could quadruple in value in less than two years. Draper said he is so confident in the forecast that he invited skeptics to bet against it using the Polymarket platform.
Draper’s projection suggests Bitcoin could reach record levels by 2028, aligning with his long-running bullish stance on decentralized assets. He framed Bitcoin as a “palpable” opportunity relative to what he described as inefficient traditional financial systems.
To test his view against market skepticism, Draper proposed using Polymarket to place bets on the anticipated price movement, aiming to validate his outlook amid ongoing debate about the pace and durability of any recovery.
Despite Draper’s optimism, Bitcoin is currently trading well below its October all-time high, at around the $66,000 range. Other prominent figures have offered differing timelines and price targets while acknowledging the current “crypto winter.”
Michael Saylor, an outspoken Bitcoin advocate, has argued that the current downturn will be shorter than previous cycles, supporting a longer-term bullish view.
Samson Mow has been more aggressive, expecting an “Omega candle” that could push Bitcoin toward $250,000 in the short term. Draper’s own longer-term goal, however, remains far higher, with a target of $10 million per coin over a broader time horizon.
With volatility continuing to influence daily price moves, forecasts remain contested. Still, the article notes that the resilience of large holders suggests confidence in Bitcoin’s underlying value has not been fully shaken by the current correction.
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