Canadian project

Bitcoin Foundation chairman and billionaire investor Brock Pierce says that one catalyst could take Bitcoin’s price to $200K this year.

Speaking in a recent interview with Fox Business, Pierce said that he was mostly focused on external influences shaping the price of Bitcoin and the crypto markets. He alluded to governments around the world printing a “massive amount of currencies” and the continued impact it would have on inflation as one particular price driver.

According to Pierce, the price volatility of Bitcoin offers outsized returns for investors and could continue to serve as a catalyst for the digital asset’s price growth.