Key highlights:
- Venture capitalist Tim Draper said Bitcoin could surpass $250,000 within 12 months, warning that the dollar is losing value and could eventually hit zero.
- Bitcoin is currently trading around $110,667, with major cryptos like Ethereum, BNB, and XRP showing declines, while Tron gained slightly; the total crypto market cap fell to $3.78 trillion.
- Market analysts note Bitcoin has entered a retracement phase between $108,400 and $117,100.In a latest live interview on CNBC, venture capital legend Tim Draper reiterated his strong confidence in Bitcoin, saying that within the next 12 months, Bitcoin could surpass $250,000. Draper bluntly said that one Bitcoin will always be worth one Bitcoin, but the dollar keeps losing value and will eventually hit zero.”
Tim Draper Expresses Strong Confidence in Bitcoin
He highlighted Bitcoin’s technological advantages: it is transparent, self-auditing, and eliminates the need for intermediaries, reducing trust and transaction costs. Draper repeated his stark warning: “One Bitcoin will always be worth one Bitcoin. The dollar, on the other hand, is constantly losing ground. Eventually, the dollar will disappear, and Bitcoin’s dollar price will become infinite as the dollar collapses.”
Draper urged that anyone relying on fiat currency, whether individuals, businesses, or governments, should hold Bitcoin as protection against bank failures and spreading credit risks. “Those who resist adopting new technology are like facing an opponent with gunpowder while armed only with a knife—they are bound to lose.”
He ended the conversation with a personal anecdote: “My father once gave me a one-million Southern Confederate dollar bill. Today, it’s worthless. The dollar’s future will be the same.”
The discussion also briefly touched on the stock trajectory of nuclear power startup Oklo and its use of artificial intelligence.
Bitcoin is currently trading at $110,667 after it slipped 0.6% over the past 24 hours. Ethereum fell 1.88%, trading around $4,028. Other major cryptos like BNB, XRP, Dogecoin, Solana, Cardano, and Hyperliquid, dropped close to 4%. In contrast, Tron saw a gain of over 1%. Overall, the total crypto market capitalization decreased by 0.91%, standing at $3.78 trillion, according to CoinMarketCap.
Looking at Bitcoin’s supply quantiles, market analysts believe that the asset has now entered its third period since late August where spot prices fell below the 0.95-quantile model ($117,100). This level reflects the portion of holdings, about 5% of total supply, mainly held by top buyers, that are currently at a loss. BTC is now trading between the 0.85 to 0.95 quantile range ($108,400–$117,100), marking a notable retracement from the high levels seen in recent months.
Without renewed buying pressure to push prices back above $117,100, Bitcoin could slowly move toward the lower end of this range. Historically, not being able to hold this critical zone has often led to extended mid- to long-term corrections. A drop below $108,000 would suggest structural weakness, which could potentially trigger larger losses as investor confidence dips.
Since July 2025, Bitcoin’s price has remained volatile amid macroeconomic pressures and changing investor sentiment. Despite this, it has repeatedly found support around $110,000, showing some resilience. The next major support sits at $108,000, a level that has proven reliable in the past. Staying above this zone could pave the way for a rebound toward $112,500, especially if market conditions improve.
The wider macro environment continues to challenge Bitcoin. Around 0.3 million BTC have been offloaded by seasoned investors during this period, reflecting steady profit-taking. This ongoing selling pressure has restrained demand growth and kept volatility high.
Speaking of institutional Bitcoin investment, US Bitcoin Spot ETF saw a shocking outflow of $94.00M after a day of inflow and had a cumulative total net inflow of $62.45 billion. On the contrary, US Ethereum Spot ETF saw a daily net inflow of $5.32 Million , and recorded a cumulative total net inflow of $14.72 billion.
This comes after two consecutive days of outflows recorded on October 14. Spot Bitcoin ETFs made a strong comeback, recording total net inflows of $103 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the charge with a single-day net inflow of $133 million, signaling renewed investor confidence after days of slowed down trajectory.
Also Read: Crypto ETF Approval in Doubt as U.S. Shutdown Deadline Nears
