Tim Draper: Bitcoin can hedge against the excessive spending of the U.S. government, optimistic about reaching $250,000 within the year

2025-06-07 13:10:50

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ChainCatcher news, Draper VC founder Tim Draper posted on the X platform that once the U.S. government allows employees to engage in collective bargaining, it would be like driving a truck down a hill without brakes, but Bitcoin can hedge against the excessive spending of the U.S. government.

Tim Draper believes that Bitcoin could still reach $250,000 by 2025, and the main factors driving Bitcoin's growth are: the market's general optimism over a trade agreement reached by Trump, the anticipated regulatory framework for the industry, and the continuous development of Web3 applications built on the Bitcoin blockchain. Major banks are also adding Bitcoin to their products, and compared to other cryptocurrencies and stocks, Bitcoin carries lower risk because people believe in Bitcoin, earning it the title of a store of value.

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