Crypto Billionaire Brock Pierce Predicts Bitcoin Bull Run and New All-Time Highs
Crypto billionaire and actor Brock Pierce believes that Bitcoin (BTC) is currently in the midst of a bull run that could push it to new all-time highs. In an interview with CNBC, Pierce pointed out that in previous bull runs, Bitcoin has consistently surpassed its previous price records.
Pierce acknowledged that while he doesn’t know if Bitcoin will reach $150,000, it is certainly a possibility. He also noted that the approval of a Bitcoin exchange-traded fund (ETF) by US regulators would have allowed American investors to benefit from the wealth creation potential of Bitcoin over the past decade.
Regulatory Hurdles and Wealth Accumulation
Pierce criticized US regulators for repeatedly rejecting spot market BTC ETFs, preventing American investors from accumulating wealth. He argued that if an ETF had been available when Bitcoin was at lower prices, it would have created significant wealth for Americans instead of international investors.
Hot Take: Bitcoin’s Bull Run Signals Potential for New All-Time Highs
Brock Pierce’s optimistic outlook on Bitcoin’s current bull run aligns with historical patterns. With each bull run, Bitcoin has shattered previous price records. While the exact price target remains uncertain, the possibility of new all-time highs is within reach. Furthermore, Pierce highlights the regulatory hurdles faced by US investors and emphasizes the potential for wealth accumulation if Bitcoin ETFs were approved. These factors contribute to the excitement surrounding Bitcoin’s future prospects.
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