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Tim Draper warns businesses may shift from dollars to bitcoin, calling not owning bitcoin 'irresponsible'.

Market News
30 Oct 2026, 05:30 WIB
Bitcoin
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Bullish
Tim Draper warns businesses may shift from dollars to bitcoin, calling not owning bitcoin 'irresponsible'.

Venture capitalist Tim Draper warned that businesses could eventually reject dollars in favor of bitcoin, leading to bank runs as demand for fiat currencies declines. He reiterated his $250,000 bitcoin price forecast, now expected by October 2027, and urged companies to hold bitcoin reserves. Draper highlighted growing bitcoin payment adoption by platforms like Square and restaurants, suggesting a future where bitcoin is the primary currency. He cautioned that those unprepared with bitcoin could be left behind in this financial shift.

Tim Draper's views on Bitcoin come as most major cryptocurrencies on Pluang fell today, with only 4 out of 50 rising as of Oct 30, 2026 09:01 WIB. Among notable movers, YFI dropped 10.43% to Rp33.836.243 with a typical hold time of 94 days and 100% buy order activity, contrasting with SNX which fell 10.39% to Rp3.227 and saw 100% sell orders over a 71-day hold. ENJ also declined 9.95% to Rp414, holding a 94% buy order activity and a 105-day typical hold time.

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