One Catalyst Could Drive Bitcoin To Explode by 300% in 2022, According to Crypto Billionaire Brock Pierce – ZellaNews

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Billionaire Brock Pierce is saying that exterior elements will largely dictate the motion of Bitcoin (BTC) in 2022. 

In a brand new interview on Fox Business, the Bitcoin Foundation chairman shares what he thinks might affect the worth of the flagship cryptocurrency in the approaching 12 months. 

“I believe extra on exterior tractors than it does even the Bitcoin market Itself.

I imply, we’re printing at present a large quantity of currencies in the world; what are we going to see in phrases of precise inflation?

These are the kinds of issues.”

He says that the unstable nature of Bitcoin affords potential large returns for traders and serves as an necessary catalyst for driving up the worth of the digital asset. 

“Remember that is an alternate asset and It’s actually one which isn’t a hedge per se as gold or actual property possibly or extra so as a result of it has extra danger and better volatility, but in addition a way more attention-grabbing return profile.

Depending upon monetary uncertainty in the broader international monetary system, that would be the main driver.”

As to how a lot he expects Bitcoin to surge in 2022, Pierce says that it’s extremely possible that BTC might breach the six-digit degree and even hit $200,000, or over 400% of the highest crypto’s present worth of $47,234.68. 

“I might not be shocked if we noticed a Bitcoin worth subsequent 12 months over $100,000.

It’s even conceivable that it might break $200,000 for a second and possibly fall again once more.”

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