Bitcoin price predictions are very common in the crypto ecosystem. Various analysts predict the price of BTC for 2021. Specifically, Anthony Pompliano predicted that by 2021, Bitcoin is likely to reach $ 100,000.
“It is true that my current level of confidence that this will happen is around 70% – 75%.”
In fact, Pompliano affirms that it is eventually a matter of time before the governmental, private and institutional levels become fully familiar with the system. What will lead to its adoption in general.
He also noted that Bitcoin needs time to grow and build trust.
Anthony Pompliano Predicts Bitcoin Price Will Hit $ 100,000
In particular, Anthony Pompliano, co-founder of Morgan Creek Digital, better known as “The Pomp”, believes that the price of Bitcoin could rise to $ 100,000 by 2021.
Indeed, in a recent interview, he reaffirmed his 2019 Bitcoin price prediction: ‘It’s going to be quite aggressive. I’m pretty confident in Bitcoin at $ 100,000, by the end of 2021».
Similarly, in November, Pompliano said on CNBC that demand for Bitcoin was rapidly exceeding supply. Emphasizing: «I don’t think it’s that crazy to see a Bitcoin price of $ 100,000, by the end of 2021».
«And if we keep getting bigger and bigger buyers. I wouldn’t be surprised to see something, even over $ 100,000».
Likewise, in the podcast of Ben askren Pompliano exclaimed a bullish forecast of $ 100,000 for the price of Bitcoin in late 2021. He emphasized, that he preferred to look at the market through a long-term lens.
«Making predictions is difficult. I’m not aiming for 100% accuracy, but getting it right more times than I’m wrong».
Some advice from Anthony Pompliano
«Every morning I write a letter to investors. About business, finance and Bitcoin».
A few things are important to understand as Bitcoin moves towards $ 100,000:
- Let’s start with that, this is not investment advice. This is my personal opinion. I suggest that you do your own research on Bitcoin.
- Similarly, Bitcoin is a very volatile asset.
- The increase in demand for Bitcoin will come from a variety of sources and will be due to several factors.
- I recommend Dollar-cost averaging, as the most prudent and rewarding way to invest in Bitcoin.
Naturally, Anthony Pompliano believes that the decline in the supply of Bitcoin, coupled with increased demand from institutional investors, will drive the price of Bitcoin to new highs.
To finish, taking Pompliano’s prediction: Do you think Bitcoin will exceed $ 100,000? Leave us your comments.
I close with this phrase by Anthony Pompliano: «It’s no secret that I’m incredibly optimistic about the future prospects for Bitcoin».