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Shares of Palantir (PLTR) rose nearly 4% in recent trading, helping the defense-technology company recover some of its recent losses amid investor concerns about competition from Anthropic. The stock received additional attention after President Donald Trump posted on social media on Friday that Palantir “has proven to have great war…
Billionaire venture capitalist Tim Draper has revisited his personal Bitcoin journey while reiterating his long-standing prediction that the cryptocurrency could reach $250,000. His account traces early setbacks, subsequent research, and a series of high-conviction decisions that have shaped his public stance on Bitcoin.
Draper’s Bitcoin involvement began with an early attempt to acquire coins at about $4 each. He partnered with Peter Vessenes to mine BTC using Butterfly Labs hardware, but the manufacturer allegedly prioritized its own mining operations before delivering the equipment. By the time Vessenes received the chips, Bitcoin had already risen above $30.
The mined holdings were stored on Mt. Gox. When the exchange collapsed in 2014, Draper lost everything.
After the loss, Draper deepened his research. He focused on Bitcoin’s growing role in cross-border remittances and payments for unbanked workers, describing this as a practical utility that strengthened his conviction.
That renewed focus led to the U.S. Marshals Service auction in July 2014. Draper successfully bid $632 per coin and acquired approximately 29,656 BTC across nine lots.
Shortly after the auction, Draper publicly predicted Bitcoin would reach $10,000 within three years. The forecast came true in November 2017, nearly matching the timeline he set, which helped cement his reputation as a credible voice in crypto.
Draper is now targeting $250,000 for Bitcoin within the next 18 months. He points to inflationary pressures and a weakening U.S. dollar as key drivers. He has also said he expects prices to rise further over time as Bitcoin appreciates while fiat currency loses value.
The $250,000 prediction has been made before without it materializing. With Bitcoin trading around $74,200—more than three times below the $250,000 target—the latest call remains ambitious and closely watched across global crypto markets.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
