Tim Draper Says His $250,000 Bitcoin Price Prediction Is Not Based on Halvening

Tim Draper reiterated his estimate of $ 250,000.

Tim Draper, one of the leading entrepreneurs in the crypto currency industry, is confident that the leading crypto currency, Bitcoin, will reach $ 250,000. Draper, who has repeatedly stated that the BTC will reach $ 250,000 by 2022, has also admitted that he is not based on the 2020 bloc award half.

Draper: Bitcoin Will Be $ 250,000
Draper, who stated that Bitcoin will reach $ 10,000 in 3 years, was successful in this prediction. In his new statement, Draper stated that he did not make his prediction about Bitcoin based on the block award half and that he had the potential to reach the expected value thanks to the foundations of Bitcoin.

In May of 2020, Bitcoin will experience a block prize half and the amount of the prize will drop to 6.25 BTC. Although many crypto currency analysts describe this development as a major reason for the rise, Draper Bitcoin’s 2019 recognition alone implies that it will suffice.