Anthony Pompliano, co-founder of Morgan Creek Digital Assets, is betting on a Bitcoin at $ 225,000 by the end of 2021 and consequently has 80% of his wealth in crypto.
A bet of 80%
We often see in the crypto market that many project that Bitcoin will touch the stars. However, few are the times that it coincides with those who bet with certainty in crypto.
And, precisely, Anthony Pompliano is one of the exceptions. Why? Well, because recently, during a recent podcast, Pompliano assured that he has increased his exposure to Bitcoin, currently being 80%.
The comment comes as a commemoration of a CNBC segment run last year where Kevin O’Leary suggested Pompliano cut his exposure to Bitcoin, which at the time was 50%.
Consequently, just one year after that interview, Pompliano claims that he had not heeded O’Leary’s warning.
Likewise, Pompliano explained that 20% of its assets are in real estate, cash and early-stage companies.
Bitcoin to $ 225,000
Obviously when you have 80% of your assets in Bitcoin it is because you bet on its appreciation, otherwise it would not make sense.
Consequently, the above news comes shortly before Pompliano revealed in his letter to investors his projection that Bitcoin could easily hit $ 225,000 by the end of 2021.
The combination of the Fed’s asset price manipulation and inflation fears has led to gold and Bitcoin drastically outperforming equities and other commodities«, Assured Pompliano.
In this sense, he points out that the signals are quite clear: more and more large companies decide to bet on Bitcoin as a reserve currency in times of increasing inflation.
In fact, he noted that Wall Street has “woken up to Bitcoin trading.”
So we see an increase in demand while the supply of available BTC decreases. Likewise, Pompliano highlights the key factor, which he claims solidifies the bullish argument for Bitcoin: the fact that more than 60% of all mined BTC have not changed hands in over a year.
“Many investors will look at the historical rise in prices of the digital asset and believe that they ‘missed it’… That couldn’t be further from the truth in my opinion. I think we are at the beginning of another boom cycle in Bitcoin… »Pompliano emphasized.
Do you believe in Anthony Pompliano’s projection for the price of Bitcoin in 2021? Are you bullish or bearish?