Anthony Pompliano (Anthony Pompliano), co-founder of the cryptocurrency asset management of Morgan Creek Digital Assets, expects bitcoin will reach $100,000/BTC by the end of 2021.
In an interview BloxLive.tv he said that the basic idea of prediction is the classical model of supply and demand, which are still relevant to the innovative class of digital assets.
According to him, one of the main factors of price growth is halving bitcoin, which is to be held in may 2020, then the reward miners mined block will be halved.
In addition, according to the analyst, most institutional investors are not even aware of this impending reduction in rewards (halving). Pompliano believes that the stimulation of the growth of the market will be “a continuation of the trends we are already seeing”.
These include establishing legislation regarding cryptocurrencies, the influx of institutional capital, record volumes of trade and the situation of global instability, which contributes to the recognition of bitcoin as a safe-haven asset.
“Time is the best advocate for bitcoin,” he added Pompliano, and as trends continue, he noted that his forecast is $100,000/BTC by 2021 will be with a probability of 90%:
In August of last year, I predicted that bitcoin will fall to $3,000/BTC, and then back to $10 000/BTC. In fact, he did it […] Now I think that it will reach the $100,000/BTC dollars, but […] will be more volatility: are parabolic run that we saw in June and then there will be a drawdown of 20-30%.