LATEST: Billionare Tim Draper told Kyle Chasse that Bitcoin will hit $250,000 "by May or June" 2028, timed with the next halving.

What happened

On the social media platform X, billionaire investor Tim Draper reportedly told Kyle Chasse that Bitcoin's price will reach $250,000 by May or June 2028. Draper linked this prediction to the next Bitcoin halving event, which is a scheduled reduction in new coin creation. The article provides no other details.

Confirmed

Global impact / market context

If true, such a large price rise could increase the value of Bitcoin for holders and attract new investors. A halving reduces new supply, which means fewer coins enter the market, potentially making each coin more scarce and valuable over time. This could affect crypto-related companies.

Analyst inference

Bitcoin prices are historically volatile and often react to expectations about supply changes. Halvings happen roughly every four years and have preceded major price moves in the past. However, Draper's specific timeline and target are a personal forecast, not a market guarantee, so actual prices may differ.

Analyst inference

What to watch

1. Watch for any official statements from Tim Draper or Kyle Chasse that confirm or clarify the reported conversation, including the exact date and the conditions behind his $250,000 price target for May or June 2028. Confirmed
2. Investors should track the next Bitcoin halving's confirmed schedule, since Draper's prediction depends on that event. If the halving date shifts, the predicted price timeline would likely change as well. Proposed
3. Monitor Bitcoin's actual price trends and trading volumes leading up to the halving, because historically, prices often rise in anticipation of reduced supply. Any deviation from this pattern could signal that Draper's target may not be realistic. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• x.com