Billionaire venture capitalist Tim Draper (팀 드레이퍼), known as a bitcoin bull, said broader bitcoin adoption could in the long run trigger bank runs.

On Oct. 28, blockchain outlet U.Today reported that Draper said the global financial system has entered a major turning point and again stressed the need to hold bitcoin.

In a recent post on X, formerly Twitter, Draper said it is irresponsible not to own bitcoin. He said bitcoin could go beyond a simple investment asset and become a way to prepare for changes in the existing currency system.

The key, he said, is a shift in how companies structure payments. Draper said companies may initially start accepting bitcoin payments alongside existing currencies, but later move to a stage where they accept only bitcoin. "At first, they'll say, 'We accept bitcoin,' and then they'll say, 'We only accept bitcoin,'" he said.

Draper said this trend could weaken trust in the value of fiat currencies, including the dollar. If preference for fiat currencies weakens, large-scale deposit withdrawals could occur, he said. "When people stop valuing dollars and fiat, there will be a run on the banks," he said.

The remarks appear to reaffirm Draper's long-held bitcoin-centric view of money. He has consistently argued bitcoin could become a dominant currency over the long term and potentially replace fiat currencies. He said again that individuals and companies that are prepared will come out ahead of those that continue to hold existing currencies. Calling it a change, Draper said, "Eventually, the world will never be the same."

Draper also maintained his price outlook. He reiterated a forecast he made in September that bitcoin could reach $250,000 in about two years. He said the next bitcoin halving scheduled for 2028 could provide upside momentum. The halving reduces the amount of new bitcoin that miners receive as compensation for validating blocks and is cited as a factor that tightens supply.

Draper has also said, in April, that bitcoin could rise to $250,000 within 18 months, citing dollar inflation. At the Bitcoin 2026 conference held in Las Vegas the same month, he recommended that companies hold 5 to 15 percent of their treasury reserves in bitcoin.

From a market perspective, Draper's remarks focus less on the price itself than on a path to adoption. In his scenario, corporate payments and shifts in treasury strategy come before individual investor demand, and the result could affect trust in fiat currencies and even the structure of bank deposits. The remarks are Draper's personal outlook, and the article did not cite additional figures or data on actual fund flows. In this situation, the market is expected to watch whether companies actually expand bitcoin payment adoption and add it to treasury assets.

I’ve said it before and I’ll say it again. It’s irresponsible to not own bitcoin. First, companies will say, “We accept bitcoin.” Then, they’ll say, “We only accept bitcoin.” Then people will not value dollars or fiat, and there will be a run on the banks. Eventually, the world will never be the same. The individuals and companies that are ready for the seismic shift will come out ahead. Those that are left holding legacy currency will not.