{"id":712,"date":"2021-12-30T06:03:44","date_gmt":"2021-12-30T06:03:44","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=712"},"modified":"2021-12-30T06:03:44","modified_gmt":"2021-12-30T06:03:44","slug":"brock-pierce-and-tom-lee-tip-200k-btc-in-2022-despite-missing-the-mark-in-2021","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=712","title":{"rendered":"Brock Pierce and Tom Lee tip $200K BTC in 2022, despite missing the mark in 2021"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>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<p>Essentially they are doubling down on their ambitious projections for 2022, even though Bitcoin&#8217;s high water mark of $69,000 was set on Nov. 10 and BTC is currently trading at $46,270.<\/p>\n<p>Tom Lee predicted $200,000 for BTC in the Dec. 23 Market Rebellion Roundtable discussion. He said in the discussion:<\/p>\n<p>&#8220;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.&#8221;<\/p>\n<p>Lee previously maintained his 2021BTC price prediction of $100,000 as late as October in light of ProShares launching the first Bitcoin ETF in the USA. <\/p>\n<p>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<p>Pierce meanwhile told Fox Business on Dec. 29 that it was &#8220;conceivable that it could break $200,000 for a moment and come falling back again.&#8221;<\/p>\n<p>In a Jan. 22 article at the start of the year Pierce had cited $100,000 at the top of the range for 2021:<\/p>\n<p>\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>\n<p>In fairness to Pierce,\u00a0 the lower end of the range was indeed hit on November 10.<\/p>\n<p>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<p>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, <\/p>\n<p>\u201c$50K-$200K 1 standard deviation band feels wide. Some people think this makes S2F model invalid and not useful, but is it??&#8221;<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin dips below $47K but one trader is eyeing &#8216;solid risk\/reward&#8217; for longing BTC now<\/em><\/strong><\/p>\n<p>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. This was one of the most ambitious predictions to miss the mark this year. <\/p>\n<p>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<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/brock-pierce-and-tom-lee-tip-200k-btc-in-2022-despite-missing-the-mark-in-2021\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. Essentially they are doubling down on their ambitious projections for 2022, even though Bitcoin&#8217;s high [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":713,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=712"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/712\/revisions"}],"predecessor-version":[{"id":714,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/712\/revisions\/714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/713"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}