According to Brock Pierce, after reaching an important psychological mark, the first cryptocurrency (BTC) will enter the stage of a protracted correction.
Co-founder of the stablecoin Tether Brock Pierce said in an interview with Fox Business that he would not be surprised if the cost of bitcoin next year exceeds $ 100 thousand.
According to Pierce, the first cryptocurrency (Bitcoin) has the potential to grow to $ 200 thousand. When this scenario is implemented, the asset will reach $ 200 thousand. , and then it will enter the stage of a protracted correction, Pierce predicted.
“It is possible that bitcoin at the moment can reach $ 200 thousand and fall again,” the businessman said.
According to Pearce, global uncertainty in financial markets will be the main catalyst for Bitcoin’s growth next year. Record inflation will also have a positive effect on the crypto market, Pierce added.
The businessman added that he does not consider Bitcoin an alternative to gold, since the cryptocurrency is unstable and carries a high risk.
On December 31, Bitcoin is trading at $ 47 thousand. Over the day, the asset has fallen in price by almost 2%, and its capitalization has decreased to $ 889 billion.
On November 10, the cryptocurrency updated its historical maximum above $ 69 thousand. Since that moment, the value of the BTC has dropped by 32%.
