Former Block One chief strategy officer Brock Pierce and co-founder of research firm Fundstrat Global Advisors Tom Lee believe the price of bitcoin (BTC) could cross $ 200,000 in 2022 , report Coinnounce.
Will bitcoin manage to hit the $ 200,000 level in 2022?
Although their predictions of a bitcoin price of $ 100,000 this year have not come true, former Block One chief strategy officer Brock Pierce and Fundstrat Global Advisors co-founder Tom Lee believe that the asset could trade at $ 200,000 next year. Essentially, they’re doubling their ambitious forecast for 2022, even though bitcoin didn’t hit its all-time high of around $ 69,000 until November 10, and the asset is currently trading at close to $ 46,000.
Tom lee predicted that the price of bitcoin could climb to $ 200,000 on December 23, at a roundtable.
” Bitcoin could reach $ 200,000. I think he can do it, and I know it sounds fantastic, but it is very beneficial. “, He said during a discussion.
As a reminder, in October, when the United States Securities Commission (SEC) approved the first Bitcoin futures ETF launched by ProShares (BITO), Lee estimated that the price of BTC would jump to $ 100,000 by now. the end of the year 2021.
Bitcoin ETFs Could Attract At Least $ 50 Billion In 2022
Tom Lee also estimated that Bitcoin exchange-traded funds (ETFs) would raise at least $ 50 billion over the next 12 months. The US Bitcoin ETFs launched by Valkyrie, Van Eck, and ProShares currently hold around $ 1.5 billion in assets.
Brook Pierce, meanwhile, said he was ” conceivable that [le bitcoin] could climb to $ 200,000 at one point and then fall back again “.
In an article published on January 22, 2021, Pierce suggested that the price of bitcoin could soar to a new all-time high of $ 100,000. ” In my opinion, there aren’t many levels where bitcoin’s resistance could set in. It could go anywhere from $ 70,000 to $ 100,000 by the end of the year, but it will not be without volatility. “
Whether or not bitcoin hits $ 200,000 in 2022, many analyzes predict a better future for the asset over the next 12 months.
Receive a summary of the news in the world of cryptocurrencies by subscribing to our new service of newsletter daily and weekly so you don’t miss out on Cointribune essentials!
Anne-Lise Klein
Passionate about new technologies and computers, blockchain and crypto are a field in which I have totally blossomed. I am convinced that they are a crucial part of our future!
