There have been a lot of predictions about the price of Bitcoin these days and most of them are bullish.
At the moment of writing this article, BTC is trading in the green and the coin is priced at $32,760.35.
Now, it’s been just reported that Morgan Creek Digital’s Anthony Pompliano is mapping out a scenario in which Bitcoin is hitting $1 million.
During an interview with Stansberry Research, he revealed his modest 2021 Bitcoin price prediction as well as his very bullish long-term prediction for Bitcoin.
Pompliano remains bullish about Bitcoin
Pomp seems to remain bullish about Bitcoin and he stands beside his 2019 prediction.
Back then, he said that Bitcoin would reach $100,000 by December 31st, 2021.
“In order to have a true prediction, you have to predict price and also timeline… In 2019, I wrote a piece that said I believe that Bitcoin was going to go from around $10,000 at that time to $100,000 by the end of 2021… I still believe that. I haven’t changed it,” he said.
He said that “Somehow I’m now the most conservative guy in the room because now there’s people saying $200,000, $250,000, $300,000, $500,000. Whatever the numbers are, I’m still gonna stick with $100,000.”
He continued and said: “When we look out over a very, very long time horizon. So if you give me the benefit of the doubt and say, ‘Hey don’t put a time prediction on it just tell me where the value of this thing goes,’ I absolutely think at some point in my lifetime we’ll see a $1 million Bitcoin price.”
Make sure to check out the video above in order to learn what more he had to say about the king coin.
Bitcoin has been seeing a correction these days. It’s been revealed just the other day that the CEO of CryptoQuant, Ki Young Ju, said that Bitcoin whales are fueling the Bitcoin move to the downsides.