From Yahoo Finance: 2025-06-02 16:00:00

Billionaire fund manager Tim Draper, known for investments in Tesla, SpaceX, Coinbase, and Robinhood, advocates for Bitcoin dominance over the dollar, predicting retailers will soon prefer Bitcoin. Draper claims the U.S. dollar is facing extinction, urging people to spend it before it loses value.

The U.S. dollar index struggles to stay above 100, currently at 98.69, since President Trump initiated a tariff war. Gold falls in Draper’s ranks, despite hitting a record high of $3,500 per oz. Bitcoin also hit a record price of $111,970.17 on May 22.

Draper’s warning on the dollar and gold comes amid the dollar index’s struggle to reach 100 since the tariff war started. Bitcoin reached a record high of $111,970.17 on May 22, despite the market challenges. Retailers may soon prefer Bitcoin over the dollar, according to Draper’s prediction.

Read more: Billionaire fund manager drops no-nonsense verdict on US dollar