$1 Million Or Bust: Crypto Billionaire Brock Pierce Predicts The Future Of Bitcoin




Brock Pierce, the head of the Bitcoin Foundation and a rich investor, predicts that the price of Bitcoin will either rise to $1 million or crash to zero.

Pierce predicted that Bitcoin would either flourish and soar to an exorbitant price or fail miserably during a recent appearance with Fox Business on May 6, at a time when Bitcoin was trading about $36,157. Investors should be aware of the hazards of investing in cryptocurrency and avoid going all-in on Bitcoin, according to Pierce.

Here Is More On What Pierce Said

” [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. ”

Pierce compared the present crypto ecosystem to the late 1990s dot-com and tech bubble. He claimed that while the digital boom of two decades ago generated industry heavyweights like eBay and Amazon, a “bunch” of other businesses went bankrupt. He believes crypto will follow a similar path, with a few top projects emerging from the ashes while the rest fails horribly.

Despite predicting a possible market catastrophe, Pierce described crypto and blockchain innovation as “genuine” and predicted that it would play a significant part in the collective future.

Conclusion

Pierce also told Fox that he is “extremely interested” in what’s going on in the non-fungible token market and that he was one of the early buyers of NFT.com, a community-driven digital asset marketplace.

Also Read: Analyst At Weiss Ratings Urges Caution Regarding Crypto-Backed Mortgages




Recent Articles

InvestAnswers Host Calls Solana ($SOL) the Top Ethereum Competitor

InvestAnswers Host Calls Solana ($SOL) the Top Ethereum Competitor

0
According to InvestAnswers, popular crypto analytics and market analysis show, that Solana ($SOL) is still the top competitor for Ethereum ($ETH). The show's host stated...
Lyn Alden Calls Bitcoin ‘Fastest Horse’ in Crypto Race

Lyn Alden Calls Bitcoin ‘Fastest Horse’ in Crypto Race

0
Bitcoin will continue to be the leading currency in the digital asset market, according to Lyn Alden, a well-known equity research analyst, and investment...
Cardano ($ADA) Founder Tells Newcomers to Crypto Market

Cardano ($ADA) Founder Tells Newcomers to Crypto Market

0
Charles Hoskinson, Co-Founder, and CEO of IO Global (aka "IOG," formerly known as "IOHK"), the company in charge of Cardano's research and development, is...
Cryptocurrencies

Firepin Token (Frpn), Solana (Sol), And Ethereum Will Revolutionize The Cryptocurrency Business (Eth)

0
Blockchain and cryptocurrencies have gained popularity this year. People from all professions are seeking ways to harness blockchain technology and reap its benefits. How...
cryptocurrency

Here The Top 10 Cryptocurrencies To Still Look Forward Amidst The Dip

0
Due to the proliferation of cryptocurrencies, cryptocurrency investors are interested in the volatile cryptocurrency market. Cryptocurrencies are becoming increasingly popular due to their capacity...

Related Stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox