Topic: Bitcoin Is Likely to Hit $100,000 by End of 2021 Says Anthony Pompliano - page 3. (Read 906 times)

In 2 years anything might happen to be honest.. But the price is two high. In recent couple years we see 0 growth long term. Don't know why they expect something now

This guy makes a prediction almost every opportunity he gets. I'd actually like to say every opportunity, but I think he at least is on the interviewing end on his own podcast. Can't really blame him either, since everyone who talks to him asks him. Then again, he knows they're going to ask him and they know people lap it up, and guys like him know how to whip up frenzies.

At least some people stake their reputations on their predictions. I'm not sure he has.

it's still mostly just fringe dwellers like us who believe that. fortunately, mainstream average joes are still skeptical as hell about bitcoin. even regular bitcoiners in the wall observer thread are skeptical of $100k.

and that's a good thing because down the road, it's the bears and skeptics of today that are gonna push prices to the moon.

OP, in my opinion, it's not as "bold" as it sounds anymore. 6 digits is just a question of "when?", not "why, how, or will it?" anymore.

Plenty of reasons for POMP to really 'PUMP' BITCOIN

Pompliano Apparently Holds 50% of His Wealth in Bitcoin, Explains Why

https://cointelegraph.com/news/pompliano-apparently-holds-50-of-his-wealth-in-bitcoin-explains-why

American investor and co-founder of Morgan Creek Digital Assets Anthony “Pomp” Pompliano explained his investing strategy and skepticism towards fiat currency in an interview with Cointelegraph on July 5.

When asked whether he thought that putting 50% of his wealth into the leading digital currency bitcoin (BTC) was a risky move, Pompliano said that risk is relative for every individual; however, he has a clear profile that he wants to undertake. Pompliano continued:

“I would make the argument that having 100% exposure to fiat currencies is a really bad idea. Right? Because if one of those fiat currencies that you have 100% of your wealth in either hyperinflates or fails, you've got a lot of problems."

Pompliano stressed the need for more diversification, that leaves the question of how much one should divert from a fiat currency into a digital currency.

Bitcoin has the most secure computing network in the work, according to Pompliano, and “its defense-first approach actually leads to a great offense and drastically increases the probability that bitcoin will one day be the global reserve currency of the world.” He further argued:

“For sure the nation state with the greatest military has always controlled the global reserve currency. [...] things that previously have allowed a nation-state to control the global reserve currency -- military superiority, economic sanctions etc. -- all the sudden are much less effective, and what I believe is going to occur is the country or the monetary system that has the greatest defense actually is in a position to dominate."

Earlier this week, Pompliano predicted that bitcoin will hit $100,000 by the end of 2021, explaining that the basic principle behind his forecast was classic supply-demand economics, which remain valid for the innovative digital asset class.

So many predictions  that are rising from the past months until now,.but no one them cam prove that thier predictions is accurate and will happen on the year that theyve said.

Mate we already have this topic created on the same section.

Reference: Pompliano 75% Confident Bitcoin Price is $100,000 by End of 2021

You have to lock this topic now and further discussions should be on the first thread that created the topic on the reference.

Pompliano is 75% confident that BITCOIN Price reaches $100,000 by End of 2021



https://cointelegraph.com/news/pompliano-75-confident-bitcoin-price-is-100-000-by-end-of-2021?utm_source=Telegram&utm_medium=social

Anthony “Pomp” Pompliano — co-founder of crypto asset management firm Morgan Creek Digital Assets — predicts bitcoin (BTC) will hit $100,000 by the end of 2021.

In an interview with BloxLive.tv on July 2, he said the basic principle behind his forecast was classic supply-demand economics — still valid for the innovative digital asset class.

One of the largest drivers of continued price appreciation will be bitcoin’s halving — when mining rewards will be reduced by half — in May 2020, he said.

Meanwhile, most institutional investors aren’t even aware of this looming reduction in supply, he noted, suggesting that what will continue to drive the market from the perspective of sentiment will be a “continuation of trends we’re already seeing.”

These include increasing legitimization of the space, inflows of institutional capital, record trading volumes, and a climate of global instability that promotes recognition of bitcoin as a safe haven asset.

“Time is bitcoin’s greatest advocate,” Pomp added, and as these trends continue, he said his current 70-75% confidence level in $100,000 by 2021 will hit 90%:

    “In August of last year I predicted bitcoin would go down to $3,000 before returning to $10,000. It essentially did that [...] Now I think it’s going to $100,000, but [...] there will be more volatility: there will be parabolic runs like we saw in June and then there will be 20-30% drawdowns from that. Along the way a lot of people will call the top at these local highs — they’ll be incorrect.”

Elaborating on the question of legitimization, Pomp agreed with the notion that Facebook’s entry into the space with Libra is a bullish sign. “People may not like Zuckerberg, but no one thinks he’s dumb,” he quipped, proposing that:

    “Bitcoin will benefit from libra being a “gateway drug” for cryptocurrencies.”

It’s not so much a question of the token itself, he noted, but the digital wallet that will be rolled out alongside it, which will be a fantastic on-ramp not only for Libra, but potentially in future also other cryptocurrencies, tokenized securities, and even data.

Just yesterday, crypto merchant bank pioneer Mike Novogratz said he won’t be selling the next time bitcoin hits $14,000, anticipating its spectacular rally will see its value going much higher.
8  Comments

Well!! Did you know?

On June 24th, Founder and partner of Morgan Creek Digital Asset, Anthony Pompliano has made a bold statement that Bitcoin is likely to hit a new record of about $100,000 by 2021 end.

What’s your view on this prediction? Will bitcoin price reach $100,000 by the end of 2021? What’s your BTC price prediction?