Brock Pierce suggests a price of $200,000 per BTC in 2022, despite not reaching his prediction in 2021

QmRrLivuCWHCcnfaKw3EFC3cKgsv9vSHbG22V56pc1755k.jpg
Cryptoart is Brock Pierce by JeninaCrypto.

Brock Pierce suggests a price of $200,000 per BTC in 2022, despite not reaching his prediction in 2021.

Despite missing his $100,000 price predictions for Bitcoin in 2021, former Block One Chief Strategy Officer Brock Pierce and research firm Fundstrat Global Advisors co-founder Tom Lee have announced that Bitcoin could hit $200,000 in 2022.

Essentially, they are doubling down on their ambitious projections for 2022, even though Bitcoin's high mark of $69,000 was set on November 10 and BTC is currently trading at $46,270.

Pierce told Fox Business on Dec. 29 that it was "conceivable that it could break $200,000 for a bit and go back down."

In a January 22 article earlier this year, Pierce had cited $100,000 as the top of the range for 2021:

"There really aren't many levels where (I expect) Bitcoin to see resistance. We could go anywhere between $70,000 and $100,000 by the end of the year, but it won't be without volatility."

To be fair to Pierce, the lower end of the range was indeed reached on November 10th.

Source: Cointelegraph.

580b585b2edbce24c47b2913-01-01.jpeg
Stay tuned for more hot CryptoNews!



0
0
0.000
0 comments