Tether developer predicts bitcoin’s growth to $ 300,000

According to William Quigley, co-founder of Tether (USDT), historical patterns suggest that the price of BTC $75,189.24 Mezo Wrapped BTC -0.27% Market capitalization $0.1 billion VOL. 24 hours $0.64 billion could rise to $ 300,000. According to the expert, this will happen at the peak of the current bull market.

In a new interview with CNBC, Quigley explained that he is not predicting a BTC price of $ 300,000, but only indicates that such a target is possible. The Tether co-founder bases his conclusions on historical post-halving patterns. The upcoming bitcoin halving may take place on April 18.

William Quigley argues that BTC is now in a stronger fundamental position than before its last halving in May 2020.

«Bitcoin may be the only asset I know of that is driven solely by sentiment. There is not a single bitcoin company, there is not a single price-to-earnings ratio in bitcoin. It’s just a sentiment-driven token, and sentiment never has limits,» Quigley emphasized.

As a reminder, Robert Kiyosaki, author of the book Rich Dad, Poor Dad, advised not to hesitate, emphasizing the importance of investing in the main cryptocurrency, even if the initial step is «only $ 500.» Kiyosaki expects bitcoin to reach $ 300,000 per coin this year.