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