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Crypto billionaire and actor Brock Pierce stated that a bull run, which could potentially take Bitcoin (BTC) to its all-time highest levels, might occur in the near future.
The ATH Process in BTC
In a recent interview with CNBC, expert Brock Pierce suggested that every time the top cryptocurrency by market value experiences a real bull run, it “flies to the peak” and breaks records in terms of price. The analyst stated:
If you look at historical cycles, you know that eventually we enter one of these real bull runs and it seems like Christmas has come early… I think this is the next bull run and whenever we find ourselves in one of these bull runs, we find all-time highs and if this usually happens, it blows the roof off. So will $150,000 be our end? I have no idea but is it possible? Absolutely. It’s also possible that we might find ourselves falling again if we live through one of these terrible events.
Effects of ETFs on Bitcoin!
Brock Pierce, co-founder of Tether, the world’s largest crypto company, claims that US regulators have constantly rejected spot market BTC exchange-traded funds (ETFs) over the past decade, thereby preventing many American investors from accumulating wealth. He says the approval of ETFs has been delayed and this contributes to the current excitement around Bitcoin.
This has been tried for a decade. If the American public had been offered an ETF when Bitcoin was at the level of $100 or $200, how much wealth would have been created for the American people? In this example, regulators prevented the American public from benefiting from this incredible wealth creation period and this situation mostly fell into the hands of international organizations.
As a result, Pierce evaluated the possibility of Bitcoin reaching all-time highs and breaking records in terms of price due to the impact of the bull run. Although he did not make a definite prediction about when the bull run will occur, he said that Bitcoin could reach high levels like $150,000.
