Crypto Billionaire Brock Pierce Says Bitcoin Looking Like It’s in a Real Bull Run – Here’s His Outlook
Crypto billionaire and actor Brock Pierce says that a Bitcoin (BTC) bull run is likely underway – one that could see it reach new all-time highs.
In a new interview with CNBC, Pierce says that every time the top digital asset by market cap has a real bull run, it “blows the top off” and sets a record in terms of price.
“If you look at the historical cycles you know when we eventually get into one of these real bull runs and this is looking like Christmas came early…
I think that this is the next [bull run], and every time we find ourselves in one of those bull runs, we do find all-time highs and if it usually happens, it blows the roof off. So is $150,000 where we’re going to end up?
I have no idea, but is it possible? Certainly. And it’s also possible that we find ourselves falling again if we find another one of these terrible events.”
Pierce, who co-founded Tether, the biggest company in crypto, goes on to say that during the last decade, US regulators prevented many American investors from being able to accumulate wealth by continually rejecting spot market BTC exchange-traded funds (ETFs).
He says an ETF approval is well overdue and is contributing to the current excitement around Bitcoin.
“It’s been attempted for a decade now. If an ETF had been made available to the American people when Bitcoin was at $100 or $200, how much wealth would have been created for the American people?
The regulators in this instance prevented the American people from being the beneficiaries of this incredible period of wealth creation and it ended up mostly in the hands of the internationals.”
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