Tim Draper: Bitcoin can hedge against excessive spending by the US government, and is expected to reach $250,000 this year

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PANews
06-07
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PANews reported on June 7th that Draper VC founder Tim Draper posted on X platform, stating that if the US government allows employees to engage in collective bargaining, it would be like driving a truck without brakes down a mountain, but Bitcoin can hedge against the US government's excessive spending.

Tim Draper believes Bitcoin can still reach $250,000 within 2025, with the main factors driving Bitcoin's development being: market optimism about Trump's trade agreements, the expected 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 has lower risk because people believe in it, earning it the title of a store of value.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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