1 Altcoin, 2 Stocks to Watch Beyond Bitcoin

  • Brock Pierce, a self-made billionaire, is one of the biggest advocates of cryptocurrency in the world.
  • Pierce is an unabashed bitcoin bull, but he still says bitcoin “maxis” is making a mistake.
  • He shared three of his favorite investments along with the world’s largest digital token.

Unlike most self-made entrepreneurs, Brock Pierce was famous before he got rich.

The 41-year-old billionaire became widely known before his thirteenth birthday thanks to his role in Disney’s “The Mighty Ducks,” but even though this gig led to a handful of others in movies, acting wasn’t his goal. Pierce premiered Hollywood studios in the late ’90s and started getting involved in it


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Video and cryptocurrency – more than 10 years before it became mainstream.

In the two decades since, Pierce has become one of the biggest names in crypto. After co-founding Blockchain Capital, a crypto-focused venture capital firm, and Tether, the market’s largest stablecoin, Pierce is now one of the world’s most influential and vocal advocates of digital assets.

Pierce has made educating world leaders about cryptocurrency one of his top priorities. Last fall, he led a delegation of 37 crypto industry veterans who helped guide El Salvador’s President Nayib Bukele as the country adopts bitcoin as legal tender. It was an unprecedented victory, but soon it could just be the first of many.

Leaders in “more than 30 governments” spoke with Peres about following in El Salvador’s footsteps, he told Insider in a recent interview. After working to convert politicians to cryptocurrency, Pierce is preparing for his own transition. He confirmed that he plans to take the currency-friendly battle of regulation into his own hands by running for a seat in the US Senate in 2022.

“I’m obviously taking a very serious look at how the United States is involved, and it starts with having people who really understand what’s going on, have a seat at the table and those conversations that’s happening,” Pierce said. “I spend a lot of time in Washington, D.C., talking to our elected officials, speaking to the legislature at the state and federal levels, and trying to inform people to provide them with the necessary information so that they can make wise and informed decisions about the collective future.”

For Pierce, cryptography is more than a promising technology or a way to store and create wealth. He sees it as a way to give “economic opportunity to all” by engaging with the unbanked, restoring accountability in a financial system marked by “shadow” and “opaque” and “democratizing and decentralizing” the economy to work for everyone – not just the rich.

ideal? Probably. check? Perhaps, depending on how quickly governments figure out how to regulate it. inevitable? Pierce has no doubts.

“This is a very basic technology at its core,” Pierce said. “The implications of this technology, like the Internet, are big and vast, but at its core it’s just a database. With a distributed database, we can do all kinds of things that potentially affect everything.”

Maxis are wrong: Three alternatives to Bitcoin to consider

Despite Pierce’s firm belief in bitcoin, he is not a bitcoin fanatic. Those called “maxis” believe that all blockchain-based cryptocurrencies along with the world’s largest token are inferior — a narrow line of thinking that, in Pierce’s view, is detrimental to progress.

“I always try to keep an open mind,” Pierce said. “I don’t want to get so strict in my opinions that I shut the doors to things that might work. I know I don’t have all the answers, and I don’t want to isolate myself from potential innovation. And so I’ve always been impartial in the sense that if anyone succeeds in making the world a better place, We will all win. So why would I want to shut the door to a technology that might work?”

This begs the question: If the head of the Bitcoin Foundation diversifies away from holding only so-called digital gold, how can investors do the same?

Pierce told Insider about three alternatives to Bitcoin that he owns and loves, although these ideas don’t invest in recommendations. Below is Pierce’s comment on each, along with the symbol, stock symbol or ticker, as well as a chart of how each asset has performed in the past year.