Tim Draper: Bitcoin has lower risk than stocks, firmly believes it could reach $250000 this year

Odaily Planet Daily News: Renowned Silicon Valley investor Tim Draper stated in an article on X platform that he still insists on the prediction that Bitcoin can reach $250000 this year. The main factors driving the development of Bitcoin at this stage are: 1. Trump reached a trade agreement, and the market is generally optimistic; 2. The regulatory framework expected by the industry is about to be introduced; 3. Web3 applications built on the Bitcoin blockchain are constantly evolving. 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. With the influx of businesses, Bitcoin will further become mainstream. In addition, compared to other cryptocurrencies and stocks, Bitcoin has lower risks because people believe in Bitcoin, which has earned it the title of a store of value.