Yesterday, Ran Neu-Ner, host of the show “Crypto Trader” CNBC Africa, released a video in which he recently discussed with Anthony Pompiano (founder and partner of Morgan Creek Digital) the future of Bitcoin (BTC) in 2019.
Pompliano, nicknamed “Pomp” (pump), is a very influential figure in the Twitter crypto community, and his podcast “Off the Chain”, which was launched just a few months ago, has already become one of the most popular and important podcasts.
Here are the comments of Pompiano on BTC in 2019:
1) Do you think the worst is over?
I don’t think that the BTC is far from going down, but I also don’t think it's over. In my opinion, the likelihood that we will have a significant recovery in 2019 is low.
2) What makes you think so?
I think that, most likely, we will go sideways for a while. If you look at the BTC price, maybe somewhere between $ 2,500 and $ 4,440, then the good part of the year will probably be based on these figures.
3) What is your opinion about accepting Bitcoin and what will be the main history of Bitcoin in 2019?
The adoption of Bitcoin continues to grow even through a bear market. So, if you look at the hash rate, it was 4X-ed in 2018. Look at the number of transactions from March 2018 to December, it continued to increase. And last year, over 400 billion dollars were spent on Bitcoin. So, I think in 2019 this will continue.
4) Will the Lightning network be the main story of 2019?
Yes, the Lightning network has seen an incredible growth. In less than 10 months, they switched from zero pay channels to more than 18,000. They literally added a thousand pay channels last week in about three days. So, I think the network will simply continue to grow, as more and more people understand what it is, they are joining the network … Lightning is obviously one of the fastest growing things related to scalability and usability.
5) So Lightning is the biggest Bitcoin story in 2019?
This is probably one of the stories. Also, until 2018, we saw the arrival of new retail investors, and institutional investors came very slowly and cautiously. I think this will change in 2019.
And what do you think about this?
