PANews reported on June 7 that Tim Draper, founder of Draper VC, posted on the X platform that once the US government allows employees to conduct collective bargaining, it would be like driving a truck down a mountain without brakes, but Bitcoin can hedge against the US government's excessive spending.

Tim Draper believes that Bitcoin can still reach $250,000 by 2025, and the main factors driving the development of Bitcoin are: the market is generally optimistic about Trump's trade agreement, the regulatory framework expected by the industry is about to be introduced, and the Web3 applications built on the Bitcoin blockchain are constantly developing. Major banks are also adding Bitcoin to their products. 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.