Advisor to Warren Buffett explained why BTC will exceed $ 200,000

Preston Pish, Warren Buffett's expert, is very optimistic about Bitcoin (BTC) after the halving.He believes thatBTC price can reach $ 300,000, this will happen a month or two after the halving.

"I believe the next level is between $80,000 and $100,000.Bitcoin will go through this price range and will probably get to the $200,000 or $300,000 mark."- said Preston.

Peach previously predicted that Bitcoin would surpassgold. His position is based on fundamental principles, which again include halving. His views diverge from the position of the famous investor and billionaire Warren Buffet, who is a bright opponent of cryptocurrencies and especially bitcoin.

Meanwhile, factors that push the price of Bitcoin (BTC) up do exist.

In the past, halving has always been followed by bull races, which led to significantly higher prices. The driving forces were the market forces of supply and demand.

50% reduction in the number of coins minedreinforces the deficit, which, in turn, can also lead to higher prices. With the increasing complexity of bitcoin mining, we will see an increase in demand, provoked precisely by a cryptocurrency deficit.

While the world is experiencing a pandemic, Bitcoin managedSeparate from financial markets, which continue to fall after March 12. It is no coincidence that now investors have begun to invest in bitcoin, considering it as a safe haven asset.

The value of any asset is determined by its value. The demand for gold, bitcoin, silver, securities and other assets is due to this fact.

One of the things that gives bitcoinvalue, is a factor in the absence of intermediaries. In an era when few people can be trusted, bitcoin is the ability to make financial transactions without the need for third parties.

Bitcoin is a digital tool. For investors of the previous generation, the standard was the concept of “what you see is what you get” (WYSIWYG). Now the principle of “proof of concept” (Proof-of-Concept) is working, that is, if something works, it matches its purpose and purpose.

It takes less than a minute to create a Bitcoin wallet. In some developing countries, it may take several months to open certain types of bank accounts.

Decentralization changes people's attitude towardsfinancial assets. Preston sees in this situation a trend with the appeal to digital assets, more to bitcoin, the price of which will consistently increase.

At the time of writing, Bitcoin was trading at $ 7,559, showing 6.6% daily growth.

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