Bitcoin (BTC)’s Price Will Hit 6 Digits In 2 Years – Anthony Pompliano Explains Why
There have been a lot of predictions regarding the price of BTC so far, and they seem to be getting more bullish with each passing day.
During a brand new interview with Yahoo Finance, Anthony Pompliano says that he’s doubling down on his prediction that BTC will end the year 2021 at $100k.
BTC is poised to reach six digits
The founder of Morgan Creek Digital explained why he’s so bullish regarding the price of BTC.
“I think by the end of 2021 we’ll see it eclipse $100,000. And really, that’s just driven by more institutional interest and then also a lot more global instability that we’re seeing the early days of today…”
He continued and said, “The important thing to remember about Bitcoin is that it’s a fixed supply asset and so supply and demand economics apply. If there are increases in demand, you’re going to see the price move up.”
$20k is a critical number to watch in the future
As the Daily Hodl reported, Pompliano also said that Bitcoin’s all-time high around $20,000 is the key number to be watching in the future.
“$20,000 is a big one. It’ll set a new all-time high once it breaks through that… I think it’ll really pull people in…” he said.
Highlight: “By the end of 2021, we’ll see [bitcoin] eclipse a $100,000,” says @APompliano. Says $20,000 is the next level to watch, and also talks about Facebook’s Libra. https://t.co/xpAujlCWBd pic.twitter.com/6H27tCnfDK
— Yahoo Finance (@YahooFinance) July 9, 2019
Pompliano continued and explained, “But I don’t think we’re going to go from $12,000 where we are today to $50,000 or $100,000. I do think it’s going to take 6 to 24 months.”
Pompliano also made sure to highlit the fact that 50% of his wealth is in BTC.
Bitcoin is reportedly just getting started
Gemini founders, the Winklevoss brothers also have a bullish prediction for the price of BTC and they said that the most important crypto in the market is just getting started.
They seem more bullish than ever before, and they also addressed Facebook’s Libra and more subjects.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.