Despite missing the mark with their $100,000 Bitcoin price predictions in 2021, Former Chief Strategy Officer at Block One Brock Pierce and co-founder of research firm Fundstrat Global Advisors Tom Lee are both tipping Bitcoin could hit $200,000 in 2022.<\/p>\n
Essentially they are doubling down on their ambitious projections for 2022, even though Bitcoin’s high water mark of $69,000 was set on Nov. 10 and BTC is currently trading at $46,270.<\/p>\n
Tom Lee predicted $200,000 for BTC in the Dec. 23 Market Rebellion Roundtable<\/a> discussion. He said in the discussion:<\/p>\n “So maybe Bitcoin is, you know, in that $200,000 range. I mean, I think that\u2019s achievable and I know it sounds fantastical, but it\u2019s very useful.”<\/p><\/blockquote>\n Lee previously maintained his 2021BTC price prediction<\/a> of $100,000 as late as October in light of ProShares launching the first Bitcoin ETF in the USA. <\/p>\n At that time, he also predicted that Bitcoin exchange traded funds (ETF) would attract at least $50 billion over the next 12 months. American Bitcoin ETFs currently hold about $1.5 billion in assets between Valkyrie, Van Eck, and ProShares\u2019 offerings.<\/p>\n Pierce meanwhile told Fox Business on Dec. 29 that it was “conceivable that it could break $200,000 for a moment and come falling back again.”<\/p>\n In a Jan. 22 article<\/a> at the start of the year Pierce had cited $100,000 at the top of the range for 2021:<\/p>\n \u201cThere really are not many levels where I (anticipate) Bitcoin seeing resistance. We could get anywhere from $70,000 to $100,000 by the end of the year, but it will not be without volatility.\u201d<\/p><\/blockquote>\n In fairness to Pierce,\u00a0 the lower end of the range was indeed hit on November 10.<\/p>\n Popular anonymous Bitcoin price analyst Plan B has made his name 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 his $98,000 and $135,000 marks for November and December respectively as his \u201cworst case scenario.\u201d<\/p>\n PlanB has defended his predictions by claiming the accuracy of his statistical models to within one standard deviation. Although his price predictions were off, he said in a Dec. 25 tweet<\/a>, <\/p>\n \u201c$50K-$200K 1 standard deviation band feels wide. Some people think this makes S2F model invalid and not useful, but is it??”<\/p><\/blockquote>\n Related: <\/em><\/strong>Bitcoin dips below $47K but one trader is eyeing ‘solid risk\/reward’ for longing BTC now<\/em><\/strong><\/a><\/p>\n Founder and CEO of Ballet Crypto Bobby Lee predicted that BTC would hit $300,000 this year back on Mar. 22 on CNBC\u2019s Squawk Box<\/a>. This was one of the most ambitious predictions to miss the mark this year. <\/p>\n Each public figure\u2019s wrong predictions go to highlight the need to Do Your Own Research (DYOR) in cryptocurrency investing and to take price predictions as a bit of fun, rather than a serious guide to the future.<\/p>\n<\/div>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/6c8a1653-6339-4b94-9ea0-6a204a1211ba.PNG\")
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