The billionaire is not so critical of later cryptocurrencies.
It is risky to bet exclusively on Bitcoin, as this first cryptocurrency, which proved to be very successful, may fail. This opinion was expressed by a veteran of the Bitcoin industry and billionaire Brock Pierce in an interview with Fox Business.
“Bitcoin could fall to zero. Here is the binary result. Will it be $ 1 million for BTC or zero. Either the first or the second, so you should not invest everything in the first cryptocurrency, “he said.
Pierce believes that the current” cryptocurrency landscape “is very similar to history with a bubble in the shares of technology companies in the late twentieth century.
“The situation is very reminiscent of 1999. The market is now in the same phase. And what happened then? After the dotcom bubble, eBay, Amazon and other interesting companies appeared, but many businesses went bankrupt. But this does not mean that digital assets are unrealistic and do not play a significant role in our collective future, “said the billionaire.
Pierce admitted that he diversified his portfolio primarily for Ethereum account. He also bet nine eros on EOS, converting all Block.one shares into cryptocurrency.
Among other things, I'm very interested in what's going on. in the market of fixed tokens. I was involved in the purchase and launch of NFT.com, “the businessman added.
Earlier it was reported that SCFM showed signs that Russia uses cryptocurrencies to circumvent sanctions.
