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) $ 20,022.36
ethereum
Ethereum (ETH) $ 1,356.57
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 284.78
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.492111
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.428708
solana
Solana (SOL) $ 33.42
dogecoin
Dogecoin (DOGE) $ 0.063423
polkadot
Polkadot (DOT) $ 6.37
shiba-inu
Shiba Inu (SHIB) $ 0.000011
dai
Dai (DAI) $ 1.00
matic-network
Polygon (MATIC) $ 0.845966
staked-ether
Lido Staked Ether (STETH) $ 1,350.57
tron
TRON (TRX) $ 0.062916
uniswap
Uniswap (UNI) $ 6.91
avalanche-2
Avalanche (AVAX) $ 17.08
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 19,984.22
okb
OKB (OKB) $ 15.79
litecoin
Litecoin (LTC) $ 53.51
leo-token
LEO Token (LEO) $ 4.08
ethereum-classic
Ethereum Classic (ETC) $ 27.73
cosmos
Cosmos Hub (ATOM) $ 12.97
chainlink
Chainlink (LINK) $ 7.66
ftx-token
FTX (FTT) $ 25.38
stellar
Stellar (XLM) $ 0.118892
near
NEAR Protocol (NEAR) $ 3.60
crypto-com-chain
Cronos (CRO) $ 0.109001
monero
Monero (XMR) $ 146.74
algorand
Algorand (ALGO) $ 0.345398
bitcoin-cash
Bitcoin Cash (BCH) $ 118.62
terra-luna
Terra Luna Classic (LUNC) $ 0.000296
quant-network
Quant (QNT) $ 137.57
flow
Flow (FLOW) $ 1.69
vechain
VeChain (VET) $ 0.023338
apecoin
ApeCoin (APE) $ 5.18
filecoin
Filecoin (FIL) $ 5.51
internet-computer
Internet Computer (ICP) $ 5.99
chain-2
Chain (XCN) $ 0.071189
hedera-hashgraph
Hedera (HBAR) $ 0.059538
frax
Frax (FRAX) $ 1.00
elrond-erd-2
Elrond (EGLD) $ 55.73
tezos
Tezos (XTZ) $ 1.43
the-sandbox
The Sandbox (SAND) $ 0.845586
decentraland
Decentraland (MANA) $ 0.698441
eos
EOS (EOS) $ 1.16
chiliz
Chiliz (CHZ) $ 0.218094
axie-infinity
Axie Infinity (AXS) $ 12.65
aave
Aave (AAVE) $ 77.34