American venture capitalist billionaire Tim Draper shared a $10 million price prediction for Bitcoin (BTC) in an interview prior to the Bitcoin halving, which took place at 03.00 a.m. Turkish time.
Sharing an ambitious price prediction for Bitcoin, which he often shares the idea of $250,000, Tim Draper stated the following:
$250,000, $1 million, $2 million or even $10 million will be realized prices for several reasons.
Draper said that when people can pay for food, clothing, and taxes with Bitcoin, they will not want to use other currency.
Draper also expressed that the United States will devalue against Bitcoin and emphasized that the price increase will continue after the halving. In 2017, Tim Draper had said that Bitcoin’s price would exceed $10,000, and he was right.
According to CoinGecko data, Bitcoin is trading at $63,800 at the time of writing.
