Draper called the altcoins a “test training ground” to improve bitcoin. In his opinion, the competition helps the cryptor to develop: during the first boat on altcoins, the dominance of bitcoin was 40%, during the next boat, the share of bitcoin on the crypto ripe increased to 50%, and now it varies from 61%to 62%. Over time, other crypto acts will appear, which will also accelerate the growth of bitcoin, Draper is sure.
He held an analogy with the Microsoft technological company – most developers worked with it at the initial stages of its development, and then began to create other solutions. Nevertheless, now Microsoft is considered one of the leading technological giants in the world, and its Windows operating system occupies more than 71% of the market.
“The same thing happens with bitcoin. The creators of altcoins experiment and create interesting things that can be applicable to bitcoin. In general, we are observing a serious trend towards bitcoin, ”said Draper.
The founder of Draper Associates is sure that bitcoin is an effective tool against uncontrolled government spending. The US public debt continues to grow rapidly every year. According to the US Department of Finance, over the past 100 years it has grown from $ 395 billion in 1924 to $ 37.2 trillion in 2025.
“The only means of protecting against government spending is bitcoin, unless you want to hold gold, which can be compared with the reserves of the shells. It’s like living in a prehistoric world, thinking about the economy, ”said Draper.
He considers his forecast for Bitcoin $ 250,000 is still relevant. A few years ago, Draper predicted that Bitcoin would reach $ 10,000, which happened in 2017. In 2023, he made a new forecast – Bitcoin was supposed to grow to $ 250,000 by the end of 2022. On August 14, 2025, Bitcoin reached a new historical maximum of $ 124,450 – this is almost half of the predicted amount.
In May, Draper said that the fall in the US dollar and other macroeconomic factors reduce the effect of halving on the Bitcoin exchange rate.
Source: Bits
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