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Crypto

Tim Draper says companies will one day accept only bitcoin, bank runs will follow

Billionaire venture capitalist Tim Draper, known as a bitcoin bull, said expanding bitcoin adoption could eventually trigger bank runs. He said companies may first accept bitcoin alongside existing currencies and later move to accepting only bitcoin. Draper said that could weaken trust in fiat currencies such as the dollar and lead to large-scale deposit withdrawals. He also reiterated his view that bitcoin could reach $250,000 within about two years.

Crypto

Bitcoin $150,000 target fades as Citi, Standard Chartered and Bernstein cut forecasts

Citi, Standard Chartered and Bernstein have lowered their bitcoin price targets for this year, CoinPost reported on Oct. 27. With bitcoin trading around $80,000, reaching $150,000 would require an 88% rise. Standard Chartered cut its year-end target to $100,000 and Bernstein set $125,000, pushing $150,000 to mid-2027. Some earlier high-end forecasts have since been revised down as macro and regulatory uncertainty persists.

Crypto

Billionaire Tim Draper calls Satoshi an innovator who challenged the existing financial order

Venture capitalist Tim Draper, known as a Bitcoin bull, praised Bitcoin creator Satoshi Nakamoto as someone who challenged the global financial order. Draper recently ranked 76th on Forbes\' list of the 250 most optimistic people in the United States, and cited Satoshi as an example while calling optimism a driver of technological progress. He also mentioned Hotmail and Skype founders and described Elon Musk as pushing ahead with electric vehicles and private space travel amid skepticism.