Tim Draper: Bitcoin is less risky than stocks and believes it will reach $250,000 this year

Odaily News Tim Draper, a well-known Silicon Valley investor, posted on the X platform that he still insists on the prediction that Bitcoin can reach $250,000 this year. The main factors driving the development of Bitcoin at this stage are:
1. Trump reached a trade agreement, and the market was generally optimistic;
2. The regulatory framework that the industry is looking forward to is about to be introduced;
3. Web3 applications built on the Bitcoin blockchain continue to develop.
Tim Draper added that major banks are adding Bitcoin to their products, and even JPMorgan Chase, which has long refused to provide encryption services, plans to join soon. As companies flock in, Bitcoin will become more mainstream. In addition, compared with other cryptocurrencies and stocks, Bitcoin has lower risks because people believe in Bitcoin, which also makes Bitcoin win the title of a means of value storage.