The Draper team, a prominent investor and longtime supporter of Bitcoin, reiterated their strong belief in the future of Bitcoin in an interview with Benziga. They predicted that the price of Bitcoin will reach $250,000 by the end of the year. Draper envisions a financial ecosystem where Bitcoin is the primary medium of exchange, eliminating the need for traditional fiat currencies. They expressed concerns about the potential collapse of fiat currencies and warned that people may rush to convert their dollars into Bitcoin. Draper believes that Bitcoin will ultimately become the preferred currency for daily transactions, rendering fiat currencies obsolete. They suggested that instead of comparing the value of Bitcoin to the dollar, it should be compared to goods or tangible assets. Draper concluded by stating that the value of Bitcoin against the dollar will ultimately reach infinity, while the dollar will go to zero.
