Crypto Billionaire Brock Pierce Says Bitcoin (BTC) Will Either Crash to Zero or Explode to $1,000,000

Crypto billionaire Brock Pierce says that Bitcoin (BTC) will either fail spectacularly or become massively successful.

In a Fox Business interview, Pierce, who is the chairman of the Bitcoin Foundation, says that investors should refrain from going all-in on the leading crypto asset.

“[Bitcoin] could go to zero. It’s a binary outcome. It’s either going to go to $1 million a Bitcoin or zero. It’s going to be one or the other, which is why you shouldn’t put everything there.”

Bitcoin is trading for $36,024 at time of writing.

According to Pierce, the cryptocurrency landscape currently reminds him of the tech bubble over two decades ago when a culling of internet startups took place.

“This reminds me a lot of 1999, right? We are in that phase. And what came out of that? eBay and Amazon and all sorts of interesting businesses came out of the Dot-Com sort of 1.0 era. And a bunch of it went to zero. And I think that will probably be true of what we see here.

That doesn’t mean the innovation isn’t real and it’s not going to play an important role in our collective future.”

In addition to Bitcoin, Pierce unveils that he’s heavily invested in one Ethereum (ETH) competitor.

“I famously just made a nine-figure bet on EOS. I converted all of my Block.one shares into that. That’s public.

And beyond that, I’m very interested in what’s happening within the NFT [non-fungible token] market. I was part of the NFT.com purchase and launch which happened last week.”

NFT.com is a community-driven non-fungible token marketplace that allows users to create their own profile galleries.

EOS, a smart contract platform for decentralized applications, is trading for $2.02 at time of writing.

Emma Lamb

Emma Lamb

Share:

Share on telegram
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Related Posts

bitcoin
Bitcoin (BTC) $ 51,749.87
ethereum
Ethereum (ETH) $ 3,114.57
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 388.56
solana
Solana (SOL) $ 103.39
staked-ether
Lido Staked Ether (STETH) $ 3,109.22
xrp
XRP (XRP) $ 0.542224
usd-coin
USDC (USDC) $ 1.00
cardano
Cardano (ADA) $ 0.590175
avalanche-2
Avalanche (AVAX) $ 37.35
dogecoin
Dogecoin (DOGE) $ 0.086004
tron
TRON (TRX) $ 0.137811
chainlink
Chainlink (LINK) $ 18.76
polkadot
Polkadot (DOT) $ 7.90
matic-network
Polygon (MATIC) $ 0.992667
uniswap
Uniswap (UNI) $ 10.97
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 51,857.89
the-open-network
Toncoin (TON) $ 2.09
internet-computer
Internet Computer (ICP) $ 12.54
shiba-inu
Shiba Inu (SHIB) $ 0.000010
bitcoin-cash
Bitcoin Cash (BCH) $ 267.65
litecoin
Litecoin (LTC) $ 70.15
dai
Dai (DAI) $ 1.00
immutable-x
Immutable (IMX) $ 3.22
filecoin
Filecoin (FIL) $ 8.21
cosmos
Cosmos Hub (ATOM) $ 10.37
leo-token
LEO Token (LEO) $ 4.25
ethereum-classic
Ethereum Classic (ETC) $ 27.23
kaspa
Kaspa (KAS) $ 0.170124
near
NEAR Protocol (NEAR) $ 3.68
blockstack
Stacks (STX) $ 2.59
optimism
Optimism (OP) $ 3.86
hedera-hashgraph
Hedera (HBAR) $ 0.108951
bittensor
Bittensor (TAO) $ 568.80
aptos
Aptos (APT) $ 9.64
stellar
Stellar (XLM) $ 0.116619
first-digital-usd
First Digital USD (FDUSD) $ 1.00
vechain
VeChain (VET) $ 0.045547
injective-protocol
Injective (INJ) $ 35.76
lido-dao
Lido DAO (LDO) $ 3.39
okb
OKB (OKB) $ 50.28
mantle
Mantle (MNT) $ 0.884766
celestia
Celestia (TIA) $ 16.78
the-graph
The Graph (GRT) $ 0.294800
render-token
Render (RNDR) $ 7.22
crypto-com-chain
Cronos (CRO) $ 0.094432
arbitrum
Arbitrum (ARB) $ 1.90
monero
Monero (XMR) $ 129.57
sei-network
Sei (SEI) $ 0.818682
sui
Sui (SUI) $ 1.64