Brock Pierce, who is among the arguably richest people in the crypto industry, spoke very optimistically about Bitcoin.
Predicting that the leading cryptocurrency can see $ 200,000 in 2022, Pierce stated that a break above $ 200,000 is “plausible” for him. However, he added that Bitcoin, which he believes will reach this value in a very short time, can be expected to break $ 200,000 for a moment and fall back again.
Bitcoin’s price performance in 2022 depends on “external factors”, pointing to the massive money pressure dominating the world. According to Pierce, global uncertainty within the financial system will act as a key catalyst for Bitcoin growth.
Despite this, the famous billionaire, who also stated that he does not see Bitcoin as a gold-like hedge against inflation because it has more risk and volatility, believes that Bitcoin plays the role of a store of value, as well as an important helper for the progress of the altcoin industry.
On the other hand, Pierce, who believes that many projects will not survive given the current situation in the market, also touched upon Elizabeth Warren’s latest criticisms of Bitcoin. Pierce urged the famous senator to learn more about Bitcoin.
To be recalled, Warren, in a tweet on Tuesday, stated that Bitcoin appeals to more elites than the dollar and is a value for the rich, whereas the financial system should be for everyone, not just the rich:
The crypto industry claims that crypto is the path to financial inclusion, but bitcoin ownership is even more concentrated within the top 1% than dollars. We need real solutions to make the financial system work for everyone, not just the wealthy.https://t.co/8OiHwZEBUz
— Elizabeth Warren (@SenWarren) December 28, 2021
Brock Pierce, who owes his wealth largely to Bitcoin, even encouraged the famous Bitcoin enemy Peter Schiff to BTC. Peter Schiff, who took a ride in the private jet of his US billionaire neighbor Brock Pierce a few months ago, envied Pierce, who multiplied his wealth thanks to Bitcoin, and regretted that he did not invest in the leading cryptocurrency when he first heard about Bitcoin.
“If I had invested in BTC much earlier, I would also have a private jet today.” Schiff shared tweets expressing his regret.