Founder and partner of Morgan Creek Digital Anthony Pompliano (Anthony “Pomp” Pompliano) in a letter addressed to the company's customers, predicted the growth of Bitcoin to $ 100 thousand – in the period up to January 31, 2021. In his opinion, the likelihood of such a course of events in the next 2.5 years is 70-75%.
Pompiano also stressed that Bitcoin (BTC) is an asset with high volatility and is unlikely to go from ~ $ 11 to $ 100 thousand in a straight line. According to him, on this path we can expect a few drops from the new historical maximums of 20-30% – and these movements should not cause panic, since they are natural phenomena in the market, and the price of BTC will move the economy of supply and demand for “asset with limited sentence and deflation structure ”.
In addition, Pompiano believes that the growth in demand for PTS will be due to a number of other factors, including widespread cryptocurrency at the institutional level, approval of numerous ETFs and products for retail investors, as well as global instability, low performance in traditional markets, economic, market and currency manipulation at the level of governments around the world.
On August 24, 2018 I 50% to $ 3k before rallying back over $ 10k.
Morgan Creek Digital Calling
Here is my next price target. https://t.co/KzhRO7u2Vi
– Pomp ? (@APompliano) June 24, 2019
Recall recently Pompiano said that the next 12-18 months can be decisive for the growth of Bitcoin prices, since during this period several events are expected to enhance its role in the global financial system. Pompiano said among them the ongoing trade war between China and the United States, the policy of quantitative easing of the leading Central Banks and the halving of Bitcoin in 2020 .
Publication date 25.06.2019
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