American venture capitalist billionaire Tim Draper shared a $10 million price prediction for Bitcoin (BTC) in an interview conducted at 03.00 AM Turkish time hours before the Bitcoin halving.
Tim Draper, who often shares the $250,000 idea for Bitcoin, made an outrageous price prediction for Bitcoin. In his statement, Tim Draper, said:
$250,000, one million dollars, two million dollars, and even $10 million will happen for a few reasons.
Tim Draper said that when people can make payments with Bitcoin for food, clothing, and taxes, they would not want to use another currency.
Draper pointed out that the US will be devalued against Bitcoin and emphasized that the price increase will continue after the halving. Tim Draper correctly predicted in 2017 that the price of Bitcoin would exceed $10,000.
According to CoinGecko data, Bitcoin is trading at $63,800 at the time of writing.
