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Billionaire investor Tim Draper has renewed his call for Bitcoin to reach $250,000 within 18 months, despite multiple missed timelines in the past.

Matt Hougan, Chief Investment Officer at Bitwise Asset Management, says the Iran conflict has done something unexpected: it has made him rethink whether Bitcoin’s long-term price targets are too conservative.

Bitcoin is drawing fresh attention from Russia after a reported survey found that a sizable share of investment-focused Russians plan to buy bitcoin and other digital assets once the country’s legal framework takes effect this summer. The result is fueling a familiar market argument: when a major country opens even a restricted path to legal crypto ownership, traders start treating it as another step in global bitcoin adoption.

Goldman Sachs has filed a proposal for a new Bitcoin-focused investment product called a “Bitcoin Premium Income ETF.” This signals that the bank is getting more involved in crypto as more big financial firms compete.

Bitcoin is pushing toward a key breakout zone as momentum builds above $74,000. Now, analysts are pointing to a potential move toward the $80,000 and $85,000 range if resistance levels give way.