We read many comments on the future of cryptocurrencies, especially Bitcoin. These discussions have been going on since Bitcoin was launched. When we look at the resulting picture, we can see that cryptocurrencies provide great changes in terms of the system, although not specifically.
The importance of decentralized structures has emerged in many parts of the world. The finance of the future is being built on DeFi. Investors naturally wonder if cryptocurrencies will gain in value. This discussion or curiosity becomes common during the times when the crypto market is under the control of bears.
Crypto billionaire Brock Pierce addressed the issue in an interview with Fox Business during this period and made a future prediction for Bitcoin. Pierce, head of the Bitcoin Foundation, said that investors should avoid getting into the leading crypto asset altogether. Transferring savings to one place is seen as a big risk.
Pierce said that Bitcoin will either fail badly or make a big bang. That's why he opposed all investment in Bitcoin.
According to Pierce, the cryptocurrency landscape is reminiscent of internet startups 20 years ago. Many innovations emerged at that time, but the survivors were few. Giants like Amazon and eBay were able to transform. He added that the crypto world can also evolve into this orbit. Pierce explained that in addition to Bitcoin, he is heavily investing in an Ethereum (ETH) competitor.
Bitcoin price changed hands around $34,529 at the time of writing, while Bitcoin (BTC)'s 24-hour trading volume was $28,116,611,802. Bitcoin (BTC) price is down -4.2% in the last 24 hours. Ethereum (ETH) is changing hands at $2,530 with a 24-hour trading volume of $19,163,678,323. Ethereum (ETH) price is down -6.0% in the last 24 hours.