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Crypto-billionaire Brock Pierce says Bitcoin's price could reach $200,000 in 2022

Crypto-billionaire Brock Pierce says Bitcoin's price could reach $200,000 in 2022

Bitcoin Foundation chairman and billionaire investor Brock Pierce says one catalyst could push Bitcoin's price to $200,000 this year.

According to the Cryptoglobe, Pierce said he's mainly focused on the external influences shaping the price of Bitcoin and the cryptocurrency markets. He mentioned that governments around the world are printing “huge amounts of currency” and that this will have an impact on inflation as one specific factor in rising prices. According to Pierce, Bitcoin's price volatility offers investors prohibitive returns and could continue to be a catalyst for the digital asset's price growth. Pierce said: “Remember, this is an alternative asset that is not really a hedge per se like gold or real estate, perhaps even more so because it has more risk and more volatility, but also a much more interesting return profile.#8221 He also noted that it is very likely that in 2022 Bitcoin could surpass the six-figure mark and even reach the $200,000 mark before falling again.

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