The well-known venture capitalist and founder of Draper Associates, Tim Draper, shared a fresh perspective on the impact of halving on Bitcoin. According to him, the traditionally four-year halving cycles, which reduce miners' rewards by half, have historically stimulated the growth of the first cryptocurrency. However, Draper believes that macroeconomic factors, specifically the decline of the US dollar, weaken this effect. He thinks that in 10–20 years, the dollar may disappear from the global economy, yielding to Bitcoin as an alternative that protects against inflation and ineffective government policies.
Draper notes that the current growth $BTC against the dollar indicates a change in price drivers. If previously halving was a key trigger for the rally, now geopolitical tension, distrust in banks, and the limited issuance of 21 million coins are becoming decisive. The investor predicts that Bitcoin could reach $250,000, emphasizing its potential as a means of international payments.
Although some experts, such as Seamus Rocco from Xapo Bank, believe that the halving cycle remains strong, Draper is convinced of its decreasing significance. This discussion highlights the evolution of Bitcoin amidst global changes.
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