Venture capitalist Tim Draper predicts that Bitcoin will reach 250,000 in six months and ultimately hit 10 million. He believes that as the US dollar loses market share due to inflation and debt, Bitcoin will become a popular alternative currency. He also attributes the recent price surge to a more favorable regulatory environment. Although his initial target of 250,000 was delayed in 2022, Draper remains confident in his prediction and points out that he previously accurately forecasted Bitcoin reaching 10,000 in 2017, when the trading price was around 180.