The founder of Morgan Creek Digital Assests, Anthony Pompliano, believes that bitcoin can show parabolic growth for five years.
“ Bitcoin is the only asset with a capitalization of $ 95 billion, which, I believe, has every chance to grow 20-50 times over a five-year period. Sometimes the best deal is the simplest one , ”wrote Pompiano on the social network Twitter.
If the capitalization of the first cryptocurrency grows 50 times, then it will reach $ 5 trillion. This is comparable to the capitalization of gold, which is about $ 8 trillion. Note that a similar opinion was expressed by Mike Novogratz, stating that within 20 years the capitalization of Bitcoin would easily exceed the capitalization of gold.
Quite a large number of analysts agree that Bitcoin has already passed the bottom and is now preparing for a new parabolic growth. Pompiano, also noted that the next “bull market cycle” will be based not on speculation, but on fundamental factors and market development.
“Bitcoin is a highly volatile asset. And many do not understand this well. But we can confidently say that the digital currency continues to strengthen with time. As with all the important things in life, it takes time to grow and adopt Bitcoin, ” he said in a post on his blog.
Pompiano also noted that in recent years, Bitcoin has shown itself to be much better than any traditional assets. Thus, over the past two years, the rate of Bitcoin increased by 450%, while the S & P index showed an increase of 19.9%, and gold – only 1.3%.
Note that Anthony Pompiano is a well known cryptocurrency enthusiast. He has repeatedly called on the public to buy bitcoins , including pension funds .
Publication date 04/24/2019
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