According to PANews, Tim Draper, founder of Draper VC, expressed on the X platform that allowing collective bargaining for employees in the United States is akin to driving a truck downhill without brakes. However, he suggested that Bitcoin could serve as a hedge against excessive government spending.
Draper remains optimistic that Bitcoin could reach $250,000 within 2025. He identified several key factors contributing to Bitcoin's growth: optimism surrounding U.S. President Donald Trump's trade agreements, the anticipated release of regulatory frameworks, and the ongoing development of Web3 applications built on the Bitcoin blockchain. Additionally, major banks are incorporating Bitcoin into their offerings, viewing it as a lower-risk asset compared to other cryptocurrencies and stocks. This confidence in Bitcoin has solidified its reputation as a store of value.
