Tim Draper Warns Bitcoin Could Surge to Infinity Amid Hyperinflation Fears

Billionaire venture capitalist Tim Draper has reignited bullish sentiment around Bitcoin (BTC), predicting the top cryptocurrency could skyrocket to "infinity" against the U.S. dollar if hyperinflation strikes. In a recent social media post, Draper drew parallels to the Civil War era, when the Confederate dollar—once equal to the U.S. dollar—collapsed due to excessive money printing and lack of international backing. By the end of the war, a single bar of soap cost $50 as people rushed to trade devalued currency for tangible assets like gold.

Draper warned that the U.S. dollar index (DXY) is off to its worst annual start in four decades, heightening fears of a potential financial crisis. He believes escalating geopolitical tensions could further erode global trust in the dollar, pushing investors to seek alternative stores of value.

"Faith in fiat could deteriorate rapidly in a global crisis," Draper stated. He emphasized that Bitcoin, with its fixed supply and decentralized nature, could serve as a reliable hedge during monetary collapse. “You don’t want to be the one scrambling to withdraw cash or stockpile gold,” he said. “You want to hold enough Bitcoin to support yourself and your family for six to twelve months.”

Draper has long been optimistic about Bitcoin’s future, previously forecasting its price could soar to $250,000—and even $3 million. His latest comments add to growing concerns about inflation, monetary policy, and the long-term stability of fiat currencies.

As traditional markets face uncertainty, Bitcoin’s appeal as digital gold continues to grow among institutional and retail investors alike, making Draper's bold prediction a topic of heated debate in the crypto community.