Block.One co-founder Brock Pierce has suggested that Bitcoin could quadruple next year to $ 200,000.
Infamous entrepreneur and former US presidential candidate Brock Pierce is optimistic
evaluates Bitcoin prospects and I am confident that it can easily reach $ 200,000 due to the international economic situation. Governments are printing excessive amounts of money, fueling inflation, and this will be the main reason BTC will skyrocket in the coming year, Pierce said.
“I would not be surprised if bitcoin trades for $ 100,000. It is possible that it could jump over $ 200,000 for a moment,” Pierce said.
He admitted that bitcoin cannot be one hundred percent insurance against losses when compared to traditional financial assets, since it is more volatile and not regulated by anyone. However, Bitcoin attracts investors due to its ability to generate more profit than gold and real estate.
Pearce said clearer regulations could help the cryptocurrency industry develop, but only if adopted after careful research. He mentioned recent harsh remarks by Massachusetts Senator Elizabeth Warren about cryptocurrencies, saying that she and her team should take a closer look at how they work. However, he agreed with Warren that most of the BTC is distributed among a few people and organizations, and noted that this must change in order for Bitcoin to become more decentralized.
“I’m glad Warren took the time to form an opinion on cryptocurrencies. But before doing this, make sure that you have complete and reliable information, ”said the entrepreneur.
Recall that six months ago, Pierce called himself “the official ambassador of Bitcoin” during a visit to El Salvador. For this, he was criticized by the cryptocurrency community, since the decentralized network has no official representatives. During the formative years of the cryptocurrency industry, Brock Pierce was a top manager of the Chinese exchange BTCChina, as well as one of the last chairs of the board of directors of the Bitcoin Foundation.
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