Billionaire Draper: Bitcoin to Go Infinite Against US Dollar

Tim Draper reiterated an extremely bullish long-term view on Bitcoin, saying the cryptocurrency could eventually go “infinite” against the U.S. dollar as adoption accelerates. He argued that rising merchant acceptance could trigger a broader shift away from traditional banking, with Bitcoin becoming the dominant payment option in some contexts. The article also notes that Bitcoin payments are expanding, including Block’s automatic rollout of Bitcoin payments for eligible U.S. Square sellers, which could reach millions of merchants. Draper also reaffirmed his older $250,000 Bitcoin target, though he acknowledged that BTC is still trading far below that level, around $64,000. Overall, the piece is bullish for Bitcoin sentiment, but it is a commentary/forecast article rather than a market-moving event.