Friday, December 4, 2020
No menu items!
  • News
  • Bitcoin
  • Cryptocurrency
  • Contact Us
More

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

    Must Read

    Over 1,000,000 ETH worth More Than $600,000,000 Locked In Ethereum 2.0 Deposits Contract

    According to the data provided by Etherscan.io, 1,000,000 ETH worth more than $600,000,000 at press time, has been locked...

    Ripple Is Planning To Massively Expand XRP Remittance Platform in 2021

    According to Ripple’s senior vice president of product management and corporate development, Asheesh Birla, the payment firm is planning...

    David Schwartz Says XRP Community Could Force Ripple To Burn Its Over 50 Billion XRP

    Ripple CTO David Schwartz has recently pointed out that the XRP community could force Ripple to burn the over...
    Tobi Loba
    Tobi Loba
    Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to fulfill her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.




    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.

    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.

    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.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Over 1,000,000 ETH worth More Than $600,000,000 Locked In Ethereum 2.0 Deposits Contract

    According to the data provided by Etherscan.io, 1,000,000 ETH worth more than $600,000,000 at press time, has been locked...

    Ripple Is Planning To Massively Expand XRP Remittance Platform in 2021

    According to Ripple’s senior vice president of product management and corporate development, Asheesh Birla, the payment firm is planning to massively expand its XRP...

    David Schwartz Says XRP Community Could Force Ripple To Burn Its Over 50 Billion XRP

    Ripple CTO David Schwartz has recently pointed out that the XRP community could force Ripple to burn the over 50 billion XRP in its...

    Get Up To 100 USDT for Trading On Bitget Exchange. Here’s How to Apply

    According to a report, the Singapore-based deviation margin trading exchange, Bitget, is holding a new campaign that comprises Registration Gift and First Deposit Bonus...

    Charlie Lee: Litecoin (LTC) Visa Debit Card Is Now Open To All United States Residents

    As a report has it, Litecoin (LTC) Visa debit card can now be obtained by the holders of the digital token LTC that are...

    More Articles Like This