According to Odaily, renowned Silicon Valley investor Tim Draper has reiterated his prediction that Bitcoin will reach $250,000 this year. Draper highlighted several key factors driving Bitcoin's growth: optimism surrounding a trade agreement reached by U.S. President Donald Trump, the anticipated release of a regulatory framework, and the ongoing development of Web3 applications on the Bitcoin blockchain.
Draper also noted that major banks are incorporating Bitcoin into their offerings, with even JPMorgan Chase, which has historically resisted providing crypto services, planning to join soon. As more companies enter the space, Bitcoin is expected to become increasingly mainstream. Draper emphasized that Bitcoin poses lower risks compared to other cryptocurrencies and stocks, as it is widely trusted and regarded as a store of value.
