Cryptocurrency millionaire predicts bitcoin’s growth to $ 150,000

Cryptocurrency billionaire Brock Pierce believes that the flagship virtual coin BTC $62,827.61 Bitcoin 0.17% Market capitalization $1.24 trillion VOL. 24 hours $1.29 billion is likely to be «on the rise.» In turn, this will lead to the achievement of new historical highs.

In an interview with CNBC, Pierce noted that every time bitcoin experiences a real boom, it «breaks the top» and sets a price record:

«If you look at historical cycles, you know when we eventually get into one of these real bull runs and it looks like Christmas came early…

I think it’s the next [бичачий цикл] and every time we get into one of these cycles, we hit all-time highs and if that usually happens, it blows the roof off. So is $ 150,000 where we’re going to end up?

I have no idea. But it is possible, right? Of course it is.And it’s also possible that we’re going to fall again if another horrible event like this happens."

Pierce, who is also the co-founder of Tether, believes that over the past decade, U.S. regulators have prevented many American investors from accumulating cryptocurrency by consistently denying exchange-traded funds (ETFs) trading BTC on the spot market.

The crypto millionaire noted that the authorization of ETFs is long overdue, and this is contributing to the current hype around bitcoin: «They've been trying to do this for ten years. If ETFs had been available to the American people when bitcoin was $ 100 or $ 200, how much wealth would have been created for Americans?

In this case, the regulators did not allow the American people to be the beneficiary of this incredible period of wealth creation, and it ended up mostly in the hands of the international community."

At the time of writing, BTC is trading at $ 41,943. The total amount of coins circulating on the market is $ 821 billion. Traders made daily trading deals worth $ 32.1 billion. Bitcoin’s dominance in the market amounted to 51.9%.