Anthony Pompliano predicts that bitcoin will reach US $ 100,000
The founder of Morgan Creek Digital notes that the value of the main cryptocurrency will reach $ 100,000 after a critical stage
It is evident that Bitcoin, the main cryptocurrency in the market, is going through a critical stage that has taken the value of the asset along through a roller coaster way. However, according to Anthony Pompliano, founder of crypto investment company Morgan Creek Digital, he is optimistic and predicts a strong recovery.
According to Pompliano, after this acute phase of market volatility, bitcoin would reach $ 100,000 at the end of 2021, so there is still a long way to go.
The analyst adds: “When bitcoin reaches long periods of time in an accumulation phase, historically, this leads to violent outbreaks that leave investors asking for more time to accumulate.”
Pompliano admits, however, that the price of crypto currencies is highly volatile and considers that investing in them always involves a great risk. Investors are advised to keep an eye on market signs.
Pompliano had already released this prediction at the beginning of November during the Malta AI & Blockchain Summit 2019. A short interview to Pompliano during this event brings news on his forecast for mid-2020 and the end of 2021 regarding the price of bitcoin.
M.Pino
Source: Cointelegraph
