Brock Pierce, who became a billionaire as a result of his investments in cryptocurrencies, came to the fore with his new comments about Bitcoin (BTC). On the other hand, he shared his new investment by drawing attention to an altcoin. Here are the details…
Crypto billionaire, totally against investing in Bitcoin
In a Fox Business interview, Pierce, president of the Bitcoin Foundation, said that investors are using Bitcoin, the largest cryptocurrency by market capitalization. He says they should avoid entering e altogether. The expert claims that Bitcoin can go to zero, with results on two different extremes. According to Pierce, BTC will either go to $1 million or to zero. For this reason, users should not invest their wealth in BTC. Bitcoin is changing hands at $34,846 at the time of writing. As we reported on Kriptokoin.com, the decline in BTC caused the overall crypto money market to decline to $ 1.6 trillion.
According to Pierce, the cryptocurrency landscape now reminds him of the tech bubble in which internet startups prospered more than two decades ago. According to Pierce, who stated that the current situation reminds of 1999, we are at that stage right now. He points to eBay, Amazon, and various interesting businesses coming out of that stage. However, he states that many startups outside of these companies have gone to zero. Although he thinks that such a situation may exist in the cryptocurrency space at the moment, he says, “This does not mean that innovation is not real and will not play an important role in our collective future.”
Pierce stands out with his EOS investment
Pierce has announced that, in addition to Bitcoin, he is heavily investing in an Ethereum (ETH) competitor. Explaining that he made a “nine-digit bet” on EOS (EOS), he stated that he invested all Block.one shares in the coin. Apart from that, he announced that he is closely interested in the non-fungiable token (NFT) market and states that he was part of the NFT.com launch and acquisition that took place last week.
NFT.com is a community driven NFT marketplace that allows users to create their own profile galleries. Meanwhile, EOS, a smart contract platform for decentralized apps, which the expert says is invested in, is trading at $1.98 at the time of writing.
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