Risk warning or future trend? Top VCs support Bitcoin as a "defense tool"

Silicon Valley legendary investor Tim Draper has made another bold statement - he is not only optimistic about BTC, but he has also elevated it to the level of national security.

Core Insights

Draper stated on platform X: The U.S. government must embrace blockchain technology, and the reason is straightforward - to combat nation-state hacking threats like those from North Korea. He even mentioned that in the 2030s, blockchain security analysis will become a focal issue for politics and regulation.

The implication? Whoever masters blockchain, masters the next generation of financial dominance.

Data Support

Draper specifically mentioned the key role of Arkham Intelligence in the historic $56 million cryptocurrency asset seizure operation in Canada— which he interpreted as the “defensive value” of blockchain analysis tools.

Interestingly, the BTC accumulation by various governments:

• United States: 198,000 BTC (the most in the world)
• China: 190,000 coins (followed closely)
• UK: 61,000 pieces
• Ukraine: 46,000 pieces

Total Global Government Holdings: 519,000 BTC — approximately 14% of the circulating supply.

Ambition Prediction

Draper makes a bold assertion: the price of BTC will reach $250,000 and ultimately replace the dollar as the global reserve currency.

Market Reaction

After these remarks, BTC fluctuated repeatedly in the $85000-$90000 range. Analysts describe the market structure as “fragile,” making it difficult to find a decisive direction in the short term. Meanwhile, the U.S. spot Bitcoin ETF has experienced net outflows for four consecutive weeks — totaling $4.34 billion.

Cold Thinking: Draper is a die-hard blockchain fan + Arkham investor, so his remarks should be taken with a grain of salt. However, governments around the world are indeed hoarding BTC, and this is not an exaggeration.