Brock Pierce and Tom Lee tip $ 200,000 BTC in 2022, though they missed the mark in 2021 –

Although he missed the mark with his Bitcoin price prediction of $ 100,000 in 2021, former Block One chief strategy officer Brock Pierce and co-founder of research firm Fundstrat Global Advisors, Tom Lee, predict that Bitcoin could reach $ 200,000 in 2022.

Essentially, they are doubling their ambitious projections for 2022, even though Bitcoin’s cap of $ 69,000 was set on November 10 and BTC is currently trading at $ 46,270.

Tom Lee predicted $ 200,000 for BTC during the Market Rebellion Roundtable discussion on December 23. He said in the discussion:

“So maybe Bitcoin is, you know, in that $ 200,000 range. I mean, I think it’s doable and I know it sounds fantastic, but it’s very useful.”

Lee previously maintained his 2021BTC price prediction of $ 100,000 until October in light of ProShares’ launch of the first Bitcoin ETF in the United States.

At that time, he also predicted that Bitcoin exchange-traded funds (ETFs) would attract at least $ 50 billion over the next 12 months. U.S. Bitcoin ETFs currently hold around $ 1.5 billion in assets between the offerings of Valkyrie, Van Eck, and ProShares.

Meanwhile, Pierce told TBEN Business on Dec. 29 that it was “conceivable that he could break $ 200,000 for a moment and fall back again.”

In a January 22 post earlier this year, Pierce cited $ 100,000 in high end for 2021:

“There really aren’t many levels where I (expect) Bitcoin to see resistance. We could get anywhere from $ 70,000 to $ 100,000 by the end of the year, but it won’t be without volatility. “

In fairness to Pierce, the lower end of the range was indeed touched on November 10.

Popular anonymous Bitcoin price analyst Plan B has made a name for himself with his price predictions and stock-to-flow model. On June 20, PlanB correctly predicted that BTC would hit $ 63,000 in October, but missed its marks of $ 98,000 and $ 135,000 for November and December respectively as its “worst case scenario.”