Anthony Pompliano sees a shining future for Bitcoin; predicts a price point of $100,000
Bitcoin price prediction has become the norm since the cryptocurrency shot up in value over the past few weeks. Several supporters and proponents of the digital asset have made sure that they let holders know where the currency would go from here on out.
One of the more popular supporters of the ‘king coin’ has been Anthony Pompliano, the CEO of Morgan Creek Digital Capital. Apart from tweeting about Bitcoin and trying to push mainstream adoption, Pomp has taken to Twitter to comment on Bitcoin’s future pricing.
During an interview with BloxLive.tv, Pomp stated:
“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.”
Pomp has been shedding light on Bitcoin’s performance for a long time now and was one of the first to spot that apart from a brief 90-day window, Bitcoin has always been profitable for users. The Morgan Creek CEO was confident in Bitcoin’s ability to surpass all expectations an even claimed that in the future, BTC would account for a massive $1 trillion in terms of annualized transaction volume. He continued:
“To put that in context, Visa does ~$8 trillion in annual transaction volume and Mastercard does ~$4 trillion.”
Anthony Pompliano had also given his two cents on Facebook’s Libra, adding that if the Mark Zuckerberg company does not support Bitcoin, Libra would not survive. In his words:
“Facebook is going to give a digital wallet to billions of people around the world, and that digital wallet isn’t just for Libra the currency, right. I see a world, in the future, where they are going to add Libra support, they are going to support Bitcoin, Ethereum, all these other cryptocurrencies.”