As an early investor in Bitcoin, Pierce is a venture capitalist and entrepreneur with an extensive track record of founding, advising and investing in disruptive businesses. He pioneered the market for digital currency in games, and was one of the largest investors in the Ethereum crowdsale. Pierce has invested in over 30 companies in the Blockchain ecosystem, participated in over 100 projects, and helped raise over $200 million US for companies he was involved in. Pierce has also been a guest lecturer at the Milken Global Conference, Singularity University, Stanford University, the University of Southern California, and the University of California, Los Angeles.
The price of the bitcoin is primary a barometer of sentiment which has nothing to do with the fundamental performance of the technology. The technology itself is pretty consistently being improving and it is going to continue to do so.