We’re in the middle of a global economic crisis these days that’s been triggered by the coronavirus pandemic that’s taking a hold of the entire world.
Global economies are also badly hit, and more terrible effects will be seen in the future after the nightmarish pandemic comes to an end.
Anthony Pompliano reveals the best investments over the next 18-24 months
It’s been just revealed that the co-founder of Morgan Creek Digital Anthony Pompliano addresses his top investments over the next 18-24 months.
In a letter for investors, Pomp says that Bitcoin is the winner and believes that the coin surge in the aftermath of the global crisis triggered by the coronavirus pandemic. The score that he gives BTC is 11/10.
He also made sure to address the upcoming halving event which is scheduled for May this year – as you know, the event will cut the rate of new BTC that’s entering the market in half as a stark contrast to increased money printing and quantitative easing from governments all over the world.
“You have a positive demand shock happening at almost the exact same time that you have a negative supply shock. This is going to be rocket fuel for the decentralized digital currency.”
The price target for Bitcoin
Pomp also makes a production regarding the price target for the most important coin in the market – he believes BTC will land between $20,000 and $100,000 over the next two years.
The second-best investment, according to Pomp is equities. He’s giving stocks an overall rating of 8/10.
He also made sure to highlight the fact that recovery will be different for sectors which are struck directly by the novel coronavirus.
Stocks looking cheap to Pompliano include hotels, airlines, and food sectors.
Pompliano gives oil a 5/10 rating, and gold gets a surprising 3/10 rating.
We recommend that you check out the original article to check out his complete explanations.