As the world is about to set foot in the new year, the Internet is filled with predictions about what it might have in store for the crypto industry. It seems the number of people interested in cryptocurrency has significantly increased in recent years. Crypto enthusiasts are eager to plan their investments ahead of 2022. Amidst inundating interviews and articles, Brock Pierce has made headlines for his predictions about the growth of Bitcoins in the upcoming year.
Predictions by Pierce
Brock Pierce, one of the wealthiest individuals in the crypto industry, has recently stated that it would not be a surprise if Bitcoin reached $100,000 in 2022. Moreover, he seemed sure about Bitcoin’s potential to even double the value that he predicted. According to many reports, the post-pandemic environment has been a formative factor for the growth of cryptocurrencies, especially Bitcoin.
The Role of ‘External Factors’
According to Brock Pierce, there would be external influences that could rocket the value of Bitcoins to 200k dollars, even if it is for a moment. By external influences, Pierce could mean the excessive printing of money in 2022. Also, the growing financial uncertainty would likely move people towards cryptocurrencies, said the billionaire. Bitcoins are likely to operate as an investment option given the forecast of a hike in its value. Altcoins, on the other hand, would help the crypto market move ahead, according to Pierce. It has also been said that 2022 would be the end of many small-scale projects due to increased competition.
Elizabeth Warren recently tweeted about a certain 1% holding most of the crypto assets, and Pierce first expressed how glad he is that the Senator took efforts to learn about cryptocurrencies. Pierce believes cryptocurrencies enable financial inclusiveness, particularly for places like El Salvador. He, moreover, urged progressive leaders to acquire more updated information before bringing up any claims.