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Warren Buffett Expert Says Bitcoin (BTC) Is Poised to Surge to $300,000 after Halving

Tobi Loba April 23, 2020 2 min read
Here’s Why Stock-to-Flow Creator Is Confident $288,000 Is Still In Play for Bitcoin (BTC)

An investment advisor, Preston Pysh, who founded ‘Buffett’s Book’ podcast, is of the opinion that Bitcoin (BTC) could experience significant price upsurge to $300,000 after halving.


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Bitcoin halving is fast approaching. Crypto enthusiasts are really preparing for this periodic event, expecting the post halving to be favorable for the price growth of BTC and other digital currencies in the market, just as it played out in the past.

At the same time, some crypto enthusiasts are of the opinion that Bitcoin halving has priced in, so no significant price increase should be expected after the event.

Preston Pysh Predicts $300,000 for Bitcoin (BTC) after Halving

Warren Buffett expert, Preston Pysh said he thinks the next target for Bitcoin is between $80,000 to $100,000 price, which will be followed by $200,000 or $300,000.

Preston believes that BTC would experience exponential increase after halving like the past scenarios. Preston Pysh said this during an interview with podcast host Nathan Latka

He said:

“I would tell you that I think the next orbit level is $80,000 to $100,000. It’s gonna go straight through that number, and it’s probably gonna go to $200,000 or $300,000.”

Pysh said that electrical expenses are so far the driver of the price, which makes him look forward to seeing Bitcoin (BTC) in a fresh price bull run a month or two months after halving.

Bitcoin (BTC) Price Trend over the Past Weeks

Over the past weeks, Bitcoin (BTC), the first and largest digital currency, has been changing hands between $6,000 and $7,000 price levels, which makes some crypto pundits suggest a possible downward trend anytime soon if it lingers too long at this price level.

Since Bitcoin lost its footing at $9,000 price region in March, it has been struggling to forge ahead in its quest for top prices.

In the past few weeks, the digital currency has failed to hold $7,000 support level on more than three occasions. However, it recently managed to break above $7,000 resistance, but no one is sure of its stability at the price level, even some crypto analysts, such as Crypto Michael are starting to anticipate.

Dear traders,

Could $BTC please leave $6,800-7,300 range?

Thanks

— Michaël van de Poppe (@CryptoMichNL) April 23, 2020

At the time of filing this report, BTC is trading at $7,088.56, with a 2.23% price increase in the last 24 hours.

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Previous: Ripple Joins MOBI, the Initiative of BMW, IBM, Ford, General Motors, Renault, Bosch and Others
Next: Twitter CEO Jack Dorsey Has Just ‘Bitcoin’ Left As His Bio as Halving Counts Down; CZ Reacts

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Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$29,553.00
-0.75%
ethereum
Ethereum (ETH)
$1,831.80
-6.79%
tether
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$1.00
0.18%
usd-coin
USD Coin (USDC)
$1.00
0.11%
binancecoin
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$311.95
-5.01%
ripple
XRP (XRP)
$0.397677
-2.38%
Binance USD
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$1.00
0.31%
cardano
Cardano (ADA)
$0.486347
-5.96%
dogecoin
Dogecoin (DOGE)
$0.079478
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polkadot
Polkadot (DOT)
$9.31
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This website may have financial affiliations with some (not all) of the brands and companies mentioned on this website. Information found on Herald Sheets represents those of writers quoted. It does not represent the opinions of Herald Sheets on whether to buy, sell, or hold any investment assets. Investors must do their own research before investing their money and only do so at their own risk.

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