Brock Pierce sees Bitcoin price at $ 200,000 in 2022

                                                            Der Preis von Bitcoin könnte im nächsten Jahr auf einen fünfstelligen Bereich steigen und aufgrund der globalen Wirtschaftslage sogar kurzzeitig 200.000 US-Dollar erreichen, behauptete der Mitbegründer von Block.One und ehemaliger US-Präsidentschaftskandidat – Brock Pierce.

He also believes regulations could help the cryptocurrency space, but only if incorporated after thorough research.

BTC to $ 200,000 in 2022?

Pierce is one of the most popular people in the cryptocurrency space and has ties to multiple projects like Block.One and Tether. He also tried his luck in the 2020 U.S. presidential election to no avail, saying earlier this year that Bitcoin will hit its high of $ 100,000 by the end.

With less than 48 hours remaining until the end of 2021 and BTC trading well below $ 50,000, it can be assumed that this prediction will not come true. Pierce remains optimistic about the primary, however Cryptocurrency and their USD price movements.

In a recent interview with Fox Business, he outlined the current economic climate where governments are printing too much fiat currency and the inflation increasing dramatically as the main reason BTC could soar over the next year.

“I wouldn’t be surprised if we saw a Bitcoin price of over $ 100,000. It is even conceivable that it could crack $ 200,000 for a moment. “

He admitted that Bitcoin per se is not a hedge against traditional financial assets as it is more volatile and unregulated. Still, it attracts investors because of the opportunities for higher returns compared to gold and real estate.

Regulations are good

Pierce has also brought up another hot topic in the crypto space over the past few years – regulations. Specifically, he responded to Senator Elizabeth Warren’s nasty comments about the industry, but believes she and her team need to do more research before venturing down that path.

“I encourage you to keep doing your research. I’m glad she took the time to study. Glad she took the time to form an opinion, but make sure you have the correct information before doing this. “

However, he agreed with Warren that the bulk of BTC’s fortune would be distributed to a handful of people who got on early, and noted that this needs to change in order to further decentralize the asset.

Selected image courtesy of HollywoodReporter

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