Despite missing the mark with their $100,000 Bitcoin (BTC) toll predictions in 2022, Block I old chief strategy officeholder Brock Pierce and Fundstrat Global Advisors co-founder Tom Lee are both tipping Bitcoin could hitting $200,000 in 2022.

Essentially, they are doubling down on their aggressive projections for 2022, even though Bitcoin'south high water mark of $69,000 was fix on Nov. x, and BTC is currently trading at $46,270.

Lee predicted $200,000 for BTC in the Dec. 23 Market Rebellion Roundtable word. He said:

"So, maybe Bitcoin is in that $200,000 range. I hateful, I call back that's achievable, and I know information technology sounds fantastical, merely information technology's very useful."

Lee previously maintained his 2022 BTC price prediction of $100,000 every bit tardily as October in light of ProShares launching the starting time Bitcoin exchange-traded fund (ETF) in the United states of america.

At that time, he also predicted that Bitcoin ETFs would attract at least $50 billion over the next 12 months. American Bitcoin ETFs currently hold about $1.5 billion in avails amidst Valkyrie, VanEck and ProShares' offerings.

Pierce, meanwhile, told Fox Business on Wednesday that information technology was "conceivable that it could break $200,000 for a moment and come falling back once again."

In a Jan. 22 article, Pierce had cited $100,000 at the top of the range for 2022:

"There 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 yr, simply information technology will not be without volatility."

In fairness to Pierce, the lower stop of the range was indeed hitting on Nov. 10.

Popular bearding Bitcoin price annotator PlanB has fabricated his name with his toll predictions and stock-to-catamenia model. On June 20, PlanB correctly predicted that BTC would hit $63,000 in October, only he missed his $98,000 and $135,000 marks for November and December, respectively, as his "worst-case scenario."

PlanB has defended his predictions past claiming the accuracy of his statistical models to within i standard difference. Although his price predictions were off, he said in a Saturday tweet:

"$50K–$200K 1 standard deviation band feels broad. Some people think this makes S2F model invalid and not useful, but is information technology??"

Related: Bitcoin dips below $47K, but ane trader is eyeing 'solid risk/reward' for longing BTC now

Bobby Lee, founder and CEO of Ballet Crypto, predicted that BTC would hitting $300,000 this year dorsum on Mar. 22 on CNBC's Squawk Box. This was one of the most ambitious predictions to miss the mark this yr.

Each public effigy's wrong predictions go to highlight the need to practice your own research in cryptocurrency investing and to take cost predictions as a chip of fun, rather than a serious guide to the future.