Betting exclusively on Bitcoin is risky, as this first cryptocurrency, which proved to be very successful, can also fail.. This opinion was expressed by Bitcoin industry veteran and billionaire Brock Pierce in an interview with Fox Business..

“Bitcoin could drop to zero. Here is the binary result. There will be either $1 million per 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 the history of bubbles in technology stocks at the end of the 20th century..

“The situation is very similar to 1999. The market is in the same phase right now. And what happened then? After the dot-com bubble, eBay, Amazon and other interesting companies appeared, but many businesses failed..

But this does not mean that digital assets are unrealistic and do not play an important role in our collective future,” said the billionaire..

Pierce admitted that he diversified his portfolio primarily with Ethereum. He also made a " one.

“Among other things, I am very interested in what is happening in the immutable token market.. I participated in the purchase and launch of NFT. com,"

Earlier it was reported that the State Financial Monitoring Service revealed signs that Russia is using cryptocurrencies to circumvent sanctions..