He revealed a crucial bullish nuance about the world’s largest cryptocurrency while Bitcoin has dived to the $70,000 price level.
HOT Stories
Mark Dow: I Want Bitcoin to Go to Zero
Crypto Market Prediction: Will XRP Break Bullish Trap? Shiba Inu’s (SHIB) 3 Bullish Targets, Ethereum’s (ETH) 300-Day Record Broken
Draper is known for his frequent Bitcoin statements and bullish BTC price predictions. Over the past five years, he has been stating that the bellwether cryptocurrency is likely to soar to $250,000 the next year.
None of his predictions have come true so far – the highest BTC reached so far was $126,198 per coin in October last year. However, over the past week, it has crashed by nearly 20%, falling from $90,000 to the $70,000 level.
In today’s tweet, Tim Draper claimed that Bitcoin presents investors with a “palpable” opportunity. Draper also reminded the crypto community that one should only bet on BTC in the long run: “The bitcoin opportunity is palpable. In it for the long haul.”
He also believes that Bitcoin is a lot better and more secure than what “leaking banks” and overspending governments can offer.
In a recent tweet, Bitcoin maximalist and the CEO of JAN3, Samson Mow, claimed that the bear market, which Bitcoin has been facing since 2025 is about to end. Mow reminded his audience about the $126,000 all-time high reached by BTC last year, pointing out that it would have been impossible in a bear market.
The idea of a bear market, he said, is “an over-simplistic take on the entire macro situation.” Mow said that since the start of 2025, Bitcoin has been down against all the major market assets – gold, M2 expansion, and the S&P 500. BTC is showing the largest drop against gold, 58%. In January 2026, gold surged to a new all-time high above $5,000 per ounce but then collapsed by 30%.
Mow believes that the situation in the markets is not normal. Believing that we live “in the late stages of fiat”, therefore anything can happen to anything, he said.
Under normal conditions, he tweeted, Bitcoin should be trading at around $0.11 million today. As for gold, it should be trading at $0.17 million per ounce, according to the power law, Mow said.
Related Articles
A whale opened BTC and ETH long positions with 20x leverage, with a total value of approximately $40 million
XRP zooms 5% on bitcoin strength, but trend reversal still unconfirmed
BTC futures open interest fell from $42 billion to $21 billion, as the market underwent deep deleveraging