Tim Draper has again argued that individuals and companies risk falling behind if commerce shifts from dollars toward bitcoin. In an Oct. 28 post on X, the founder and managing partner of Draper Associates said businesses could first accept bitcoin alongside other payment methods and eventually accept it exclusively. He said failing to own bitcoin is irresponsible and predicted weaker demand for dollars and other fiat currencies (government-issued money), potentially leading to bank withdrawals and runs. Draper has also urged companies to hold 5% to 15% of their treasuries in bitcoin, families to keep six months of expenses in bitcoin, companies to hold four weeks of payroll, and governments to allocate part of their treasuries to the cryptocurrency. His $250,000 bitcoin forecast, first made in April 2018 for 2022, was later shifted to mid-2023, 2025 and, on April 14, an 18-month window implying October 2027. Bitcoin payment infrastructure already allows merchants to preserve dollar pricing and receipts: Square began its bitcoin rollout on Nov. 10, 2025, through the Lightning Network (a faster bitcoin payment network), while eligible U.S. sellers outside New York can receive bitcoin or convert it immediately into dollars. PayPal offers a similar service for eligible U.S. merchants, and Steak 'n Shake began accepting bitcoin across its U.S. locations on May 16, 2025.