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Preston Pysh, an expert on Warren Buffett, predicts the price of bitcoin will reach $200K - $300K following next month's halving.
Pysh said the price would hold at $80K - $100K until the next four-year halving event.
Warren Buffett expert Preston Pysh believes the price of bitcoin will reach as high as $300,000 following next month’s halving event.
Pysh, who founded the financial learning platform Buffett’s Books, made his comments in a podcast interview on April 22 with host Nathan Lathka.
According to Pysh, the price of bitcoin is going to skyrocket following next month’s halving, with the possibility of reaching $200,000 - $300,000.
Pysh cited electrical expenses and mining costs as a main driver for the price of bitcoin. He also predicted a possibility for the coin reaching mainstream adoption several months after the halving, resulting in the price going higher than current market predictions.
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