According to the co-founder of Tether, Bitcoin will reach new highs next year.
In an interview with Fox Business, Brock Pierce said that he would not be surprised by the rise in the price of military-technical cooperation above $100 thousand. He admits the possibility that BTC will reach $200 thousand next year. However, after record highs, a period of long-term correction may come:
It is possible that the BTC may reach 200 thousand dollars and collapse.
He believes that record inflation and uncertainty in financial markets will continue to be the drivers of Bitcoin growth in 2022.
For all the prospects of Bitcoin, Pierce does not consider it as an alternative to gold, or a hedging instrument, since market volatility is still very high. However, it attracts with its high profitability compared to gold and real estate.
A similar forecast for the parabolic growth of BTS was made in December by analyst Nicholas Merten. In his vision of developments, Bitcoin will rise to $200 thousand if it goes through a correction and is able to accumulate volume.
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