Crypto billionaire and actor Brock Pierce predicts that Bitcoin (BTC) could reach all-time highs in the near future, suggesting the possibility of a bull run.
In an interview with CNBC, Pierce commented on the market-leading cryptocurrency‘s real bull runs, stating that when it happens, it “soars to the peak” and breaks price records. He mentioned that such an event could happen again and it’s possible for BTC to reach high levels like $150,000.
Brock Pierce criticized American regulators for consistently rejecting spot market BTC exchange-traded funds (ETFs) over the past decade, claiming this has prevented many American investors from accumulating wealth. He noted that the delay in approving ETFs has contributed to the current excitement around Bitcoin.
Pierce argued that regulators have prevented the American public from benefiting from this incredible wealth creation period, and that this opportunity has largely gone to international organizations instead. He believes that the approval of ETFs could have a positive impact on Bitcoin.
Pierce evaluated the potential of a bull run to propel Bitcoin to all-time high levels and break price records. While not providing a precise prediction on when the bull run would occur, he suggested that Bitcoin could reach high levels such as $150,000.