*By Jacqueline Corba*
Bitcoin dropped back below $8,000 this week, prompting the cryptocurrency's defenders to explain the seemingly rapid fluctuations (prices fell about $500 on Tuesday).
"Probably the biggest thing driving Bitcoin's price where it is today is in fact the 'Bitcoin fork,'" a technical change in the currency's transaction protocol, said Brock Pierce, the Bitcoin Foundation's chairman. "There's uncertainty on what is Bitcoin?"
The most recent sell-off comes after Bitcoin hit an eight-week high on July 24.
"There was a nice moment there where it felt like we were going from this kind of bear, stagnant market back into a bull state," Pierce said in an interview Thursday on Cheddar's Crypto Craze. "But obviously that was a little premature."
Pierce, who started investing in Bitcoin in 2011, said he remains "incredibly bullish" on the digital currency, calling it "Gold 2.0."
For more on this story, [click here](https://cheddar.com/videos/crypto-pioneer-brock-pierce-shares-outlook-on-bitcoin).
Joe Spector, founder of Dutch and Hims & Hers co-founder, joins us to discuss how telehealth is transforming pet care—and what’s next for modern vet medicine.
Exclusive: Behr’s Andy Lopez reveals how ChatHUE, a bold collaboration with Google, is using AI to transform how we explore, choose, and connect with color.
Brian Vendig, President & CIO of MJP Wealth Advisors, joins to break down Q2 bank earnings and what they signal for markets, investors, and the economy ahead.
Are Gen Z and Millennials done with alcohol? Bacardi's Tony Latham breaks down trends, new preferences, and insights from the 2025 Cocktail Trends Report.
Comscore’s Paul Dergarabedian breaks down the battle of summer blockbusters, from Superman to Jurassic World and Fantastic Four and what it means for studios.
VENU CEO JW Roth breaks ground on a 20,000-seat, state-of-the-art amphitheater in Texas—part of a $300M public-private expansion to redefine live music.
Despite healthcare spending cuts, medtech stocks like Edwards Life Sciences, Stryker, and Boston Scientific are rising, especially those serving older pati
The original Birkin bag created by Hermès for Jane Birkin in 1984 is up for auction in Paris. Sotheby’s expects the iconic bag to sell for hundreds of thousands of euros on Thursday.
