Anthony Pompliano: Bitcoin Price to reach $100,000 until December 2021
Co-founder of Morgan Creek Digital and prominent Bitcoin proponent, Anthony Pompliano, is bullish on Bitcoin and reports that Bitcoin is growing and evolving. In a recent interview, he asserted that he believes that the halving might increase the price of Bitcoin by December 2021 to $100,000.
As per his words,
“The halving will be a big moment for Bitcoin. I don’t think that the price will shoot up the day after it, but I do think that from the day we are right now, we will see Bitcoin’s price at $100,000 by December 2021.”
Bitcoin continues to undergo tumultuous conditions and does not find adequate assistance to climb towards USD 10,000. Currently, Bitcoin maintains a sideways lead at more or less USD 7,500 again, with a minimal gain of 0.47%.
In the year 2019, Bitcoin began with an estimate of $3,693 before escalating its way up. By June, Bitcoin topped at $13,880 however, since then, it has been sloping downward.
As per Anthony ‘Pomp’ Pompliano adoption is a matter of time. Anthony Pompliano also stated that, if the current market trend is to be analyzed, “we are now in a bull market,” and also declared that it will stretch to around two years. He continued,
“I think Bitcoin’s price will see a lot of volatility with days spiking up 10-12% as well as 30% crashes. Generally, though, it will continue to trend upwards.”
Pompliano is positive and shows that Bitcoin is earning more trust from organizations, investors, and authorities worldwide and has recently realized the potential and advantages of Bitcoin. For him, it’s only a matter of time before Bitcoin enters the mainstream and finds a wide range of applications in everyday life.
Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.