Will Bitcoin hit $250,000 by the end of 2025? Forecast from billionaire Tim Draper

The forecast for Bitcoin price to reach $250,000 by the end of 2025 from billionaire venture capitalist Tim Draper has once again caused a stir in the cryptocurrency world. Draper, a longtime Bitcoin enthusiast, predicted in 2014 that Bitcoin would hit $10,000 within three years — a forecast that came true in November 2017. For now, Draper continues to invest in the future of Bitcoin at a much more ambitious price. In January 2025, Bitcoin has reached a peak of (ATH) $109,000, and is currently trading around $80,000 in March 2025. Could Bitcoin more than triple within the next nine months? Why Bitcoin Could Hit $250,000 According to Tim Draper Draper reaffirmed this forecast in an interview on The Raz Report. He also argued that Bitcoin should no longer be assessed in (fiat) fiat currency but should be compared to the actual value of a commodity, such as the value of an egg. Here are three important factors that explain why Draper believes Bitcoin will rise strongly in the near term.

1. Impact of Bitcoin Halving 2024 In April 2024, the Bitcoin mining reward has been halved, from 6.25 BTC to 3,125 BTC, resulting in a situation where the supply of new Bitcoin is limited. History shows that, after each halving, Bitcoin has gone through major bullish cycles: Halving 2012: BTC increases by 8,000%. Halving 2016: BTC up 2,800% to 2017.Halving 2020: BTC up 700% in 18 months. If this trend repeats, the price of Bitcoin could rise sharply in 2025.
2. Cash Flow from Bitcoin ETFs & Institutional Interest After the SEC approved the spot Bitcoin ETF in January 2024, a wave of investments from major financial institutions has arrived in the market: BlackRock's IBIT currently owns $20 billion Bitcoin.Grayscale's GBTC holds $17 billion in BTC. Capital inflows into Bitcoin ETFs have exceeded $55 billion. Bitcoin's supply is increasingly limited as demand soars.
3. Bitcoin is Widely Accepted Some countries like El Salvador have officially recognized Bitcoin as legal currency. The increasing adoption from businesses to governments could push the price of Bitcoin even higher. Technical Forecasts & Milestones to Observe Critical resistance: $84,000.If it breaks out of $84,000, Bitcoin can head towards $87,000 – $91,000.Support levels: $79,000, $75,000, and $72,000.50-period EMA indicator: $82,500. Wav, can Bitcoin reach $250,000 by the end of 2025? Only time will tell!