$100K Is Conservative
So says Anthony Pompliano – and I agree!
$100,000 Bitcoin Prediction Is Conservative, Says Morgan Creek Digital Founder
“Pompliano says he expects BTC’s trademark volatility and explosive growth to continue after it hit a bottom of around $3,200 in December of last year.
‘In 2017, Bitcoin went up 20x. So it’s a hyper-volatile asset. We’ve seen it go up 20x, 30x, 50x at times. We’ve also seen it drawdown over 80% three times. In August we said, ‘Look, it was trading around $7,500 or $7,000 – it’s going to drop to $3,000. It ended up doing that around December of last year. And then [we said] it was going to recover back to $10,000. And it did that. And so, we think now from about $10,000 where it sits today, it’s a pretty conservative estimate to see it hit $100,000 in the next 2.5 years.’”