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