The price of Bitcoin is the most important topic of discussion within the crypto community. Especially now, when the cryptocurrency has just experienced the biggest bull rally in its history, and is currently struggling to maintain the support of $ 30,000. Therefore, it is normal for experts to give their opinion about where they think BTC is going. Thus, the co-founder of Morgan Creek Digital, Anthony Pompliano, believes that Bitcoin can reach 1 million dollars.
The last months of Bitcoin
The last few months have been the best in the history of Bitcoin. And, since 2017, Bitcoin did not experience an upward rally of the strength and speed of the one experienced at the end of 2020. Reaching historical maximum prices practically daily during the month of December, and making crypto users think that finally the time had come for the definitive consolidation of BTC as a world-class financial asset.
However, despite having high expectations. Since the beginning of 2021, the price of Bitcoin seems to have found a ceiling to its growth. Falling on January 9 from $ 40,258 per BTC, to $ 34,409. A pothole from which he has not managed to get out, facing at the moment the very real possibility of permanently losing the support of $ 30,000, and with it almost all the gains of recent weeks.
This possibility, however, does not seem to worry the main crypto influencers in the world. And, for people like Changpeng Zhao or Anthony Pompliano, the underlying value of Bitcoin is so strong that a temporary drop like the one experienced in recent weeks is not a threat to the development of the cryptocurrency in the long term. With Anthony Pompliano even assuring that the crypto asset could reach 1 million dollars.
A million dollars for BTC?
Thus, in an interview that Stansberry Research did with Anthony Pompliano, he commented that he remains optimistic. Hoping that by the end of this year 2021, the price of Bitcoin will reach 100,000 dollars per BTC. Just as I had previously predicted in 2019.
«To have a true prediction, you have to predict the price and also the timeline … In 2019, I wrote an article in which I said that I believed that Bitcoin was going to go from about $ 10,000 at that time to $ 100,000 by the end of 2021 … I still believe it. I haven’t changed it».
However, although this prediction may seem conservative compared to that of other crypto influencers. Anthony Pompliano maintains that in the long term the price of Bitcoin will be much higher. Hoping that it ends up reaching a million dollars. Although it leaves the door open for this price to be reached due to an increase in the valuation of Bitcoin, or a fall in the value of the dollar.
«When we look at a very, very long time horizon. So if you give me the benefit of the doubt and say, “Hey, don’t put a weather forecast, just tell me where the value of this thing is going,” I absolutely believe that at some point in my life we will see a price tag of 1 million. dollars in Bitcoin».