Cryptocurrency billionaire and actor Brock Pierce said Bitcoin could reach an all-time high.
Speaking to CNBC, Pierce stated that the leading cryptocurrency is in a real bull rally and “flying to the top” during these rallies.
“If you look at historical cycles, you know that we are finally entering a real bull rally and it looks like Christmas has come early.
I think this is the next bull rally. “Every time there is a bull rally, we see all-time highs and peak.”
Pierce, a co-founder of USDT issuer Tether, noted that US regulators are preventing many US investors from building wealth by rejecting spot Bitcoin ETFs.
Pierce also noted that the delay in ETF approval increased excitement for Bitcoin.
“If an ETF were offered to the US public while Bitcoin was at $100 or $200, how much income could the public earn?
“In this case, regulators prevented the US public from benefiting from it, and it mostly fell into the hands of international organizations.”
