Crypto Investor Brock Pierce Predicts Bitcoin (BTC) to Hit $1 Million
American billionaire and businessman Brock Pierce is involved in numerous controversies. According to the billionaire, Bitcoin will reach $1 million or fall to zero and everyone will forget about it. When purchasing cryptocurrencies, it is advisable to be careful and research various sources of information before making investment decisions.
The president of the Bitcoin Foundation and managing partner of Blockchain Capital changed his vocation: he went from starring in Disney films to being one of the leaders of the cryptocurrency ecosystem.
As a promoter of both Bitcoin and other digital currencies, he has gone to numerous universities to explain their benefits. A true believer in the future of virtual money, he walks the talk in theory and delivers in practice: In addition to the companies he has founded, he has invested in more than 30 companies in the blockchain ecosystem, and helped raise more than $200 million for entrepreneurial companies.
Brock Pierce, a well-known figure in the world of cryptocurrencies, comments on the future price of Bitcoin, suggesting the possibility of exceeding $1 million for a full unit of digital gold.
However, it is worth calmly considering the predictions of this billionaire. Brock Pierce, known for his enormous wealth, also accumulated through cryptocurrencies, is also associated with many controversies.
Brock Pierce’s Failures and Successes
Although he’s been in the industry for years, Pierce isn’t as clean as a whistle. The American businessman is involved in numerous controversies. His participation in EOS, although it raised more than 4 billion dollars during its pre-sale (ICO), was not successful.
The project he co-created is currently ranked 95th in the CoinMarketCap ranking with a market capitalization of less than $1 billion. Brock Pierce, not only involved in EOS but also known as a co-founder of Tether, has a checkered history in the cryptocurrency landscape.
Although his participation in the development of the USDT stablecoin helped it achieve success, becoming the largest on the market, not all projects with his participation achieved such results.
The changes in direction in the cryptocurrency industry, in which he is actively involved, and his experience with the EOS project, raise questions about the credibility of his forecasts.
According to Brock Pierce, How Will Bitcoin Behave in the Future?
Pierce suggests two possible paths for the future of Bitcoin. In the context of future prices, it presents a zero-sum approach. According to the billionaire, Bitcoin will reach $1 million or fall to zero and everyone will forget about it. Still, due to its questionable past performance, not all investors should take its predictions seriously.
Brock Pierce presented his observations on future Bitcoin prices in an interview with Fox Business. The interviewee enthusiastically evaluated the growth possibilities of Bitcoin this year. According to the billionaire, BTC has a chance of surpassing the $150,000 mark in the coming months.
“I think we’ll probably see a little over $100,000. I think $150,000 is probably a reasonable goal for this year. In the long term, it’s $1,000,000 or more. This is a binary result. Bitcoin will go to zero (not really) or surpass $1,000,000 unless something happens. So it’s really hard to judge in terms of what will happen over time,” Pierce says.
The billionaire’s optimism about the future of Bitcoin may be of great interest. However, before purchasing cryptocurrencies, it is advisable to be careful and research various sources of information before making investment decisions.
By Leonardo Perez