Venture capitalist Tim Draper is feeling optimistic about President-elect Donald Trump’s future impact, saying he’s “very excited.” Known as a bitcoin (BTC) enthusiast, Draper isn’t new to high-stakes moves—he famously bought 30,000 Silk Road bitcoin in a 2014 U.S. Marshals auction. On Wednesday, Draper took to X to share his anticipation for what Trump’s next term might bring.

“I am very excited about President Trump, Elon Musk, and the new administration,” Draper wrote on X. “Every line of regulation they roll back creates a new job in the private sector. Every job they cut in the government will create three jobs in the private sector.”

The venture capitalist added:

Every major department they eliminate will create 100,000 jobs, and if they eliminate the SEC, the private sector will create one million jobs.

Many others share the belief that Trump’s approach to reducing regulations and slashing taxes could boost the U.S. economy. This sentiment may have driven bitcoin (BTC) prices to new heights, with the leading cryptocurrency reaching $93,483 per coin on Wednesday afternoon. Draper, however, sees bitcoin as more than an investment; he envisions it as the future of money.

The venture capitalist predicts that digital currencies will eventually replace traditional fiat money, thanks to their inflation resistance and decentralized structure. Draper has boldly forecasted a significant rise in bitcoin’s market value, envisioning it hitting $250,000 per coin. Whether his optimism about Trump or his projection of bitcoin reaching $250,000 will come to pass remains to be seen.

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