Tim Draper Reaffirms $250K Bitcoin Target as Price Falls to $70K

TLDR

• Tim Draper reaffirmed his long-term bullish stance on Bitcoin despite its recent drop to the $70,000 level.
• He stated that Bitcoin offers a clear long-term opportunity and remains safer than traditional banking systems.
• Bitcoin fell nearly 20% in one week after declining from $90,000 to $70,000.
• Draper repeated his long-standing prediction that Bitcoin could reach $250,000 despite previous forecasts missing targets.
• Samson Mow said the current market structure does not fit a traditional bear market definition.

Tim Draper has shared a bullish perspective on Bitcoin while prices have sharply dropped to the $70,000 level, stating it remains a strong long-term opportunity and better than traditional financial systems. Bitcoin price dropped nearly 20% this week, falling from $90,000, but Draper’s confidence has not faded as he reaffirmed his long-standing price prediction of $250,000. Draper’s latest post on X supports long-term investment in Bitcoin, calling the opportunity “palpable” and encouraging investors to hold firm.

Tim Draper Maintains Strong Bitcoin Outlook Despite Market Dip

Tim Draper used his X platform today to share optimism about Bitcoin’s future during its current price correction. While Bitcoin fell sharply this week, Draper emphasized that the digital asset remains strong long term. “The bitcoin opportunity is palpable. In it for the long haul,” Draper wrote.

He also criticized the current financial systems by saying Bitcoin is better and safer than “leaking banks” and spending-heavy governments. Draper believes that unlike fiat systems, Bitcoin’s fundamentals remain unchanged regardless of market volatility. His statements aim to strengthen community morale during the current sell-off.

Over the past five years, Draper has predicted that Bitcoin could hit $250,000 “within a year.” That has not happened yet, but Draper continues to stand by his projection. He remains confident even as Bitcoin corrected from its 2025 high of $126,198.

Bitcoin Hits $70,000 as Investors React to Price Drop

Bitcoin has declined by nearly 20% in the past week, slipping from $90,000 to $70,000. Market conditions have turned uncertain as major assets experience volatility. This correction marks the largest drop since Bitcoin’s October 2025 peak.

Despite the pullback, some analysts argue this is not a typical bear market scenario. Bitcoin maximalist Samson Mow said the current correction does not reflect true bearish momentum. He posted that the market’s macro signals are being misunderstood.

Mow reminded followers that Bitcoin reached an all-time high last year, which would be “impossible” in a true bear market. He said, “The idea of a bear market is an oversimplistic take on the macro situation.” Mow pointed to Bitcoin’s losses against major assets, including gold and the S&P 500.

Samson Mow Compares Bitcoin to Other Key Assets

Samson Mow highlighted Bitcoin’s recent underperformance against traditional investment benchmarks. Since early 2025, BTC has fallen against gold, M2, and the S&P 500. Gold has seen the strongest outperformance during this period.

In January 2026, gold reached an all-time high of over $5,000 per ounce before falling 30%. Mow stated that BTC dropped 58% when measured against gold. He said this shows that market behavior is now beyond conventional logic.

Mow suggested that we are in “late stages of fiat,” where unexpected shifts can happen quickly. Under normal macroeconomic conditions, he estimated BTC should be worth $110,000 today. For gold, he claimed its fair value should be around $170,000 per ounce.

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