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An American investor and co-founder of Morgan Creek Digital Assets Anthony Pompliano has shown his adherence towards the world’s most valuable cryptocurrency, Bitcoin. On July 5th, in an exclusive interview with cointelegraph, He explained his investing strategy towards fiat currency.
During the interview, when a journalist asked Pomp “whether putting 50% of his wealth into the leading digital currency bitcoin (BTC) was a risky move”, Pompliano replied saying that “risk is relative for every individual”.
Pomp claimed that:
“I would make the argument that having 100% exposure to fiat currencies is a really bad idea. Right? Because if one of those fiat currencies that you have 100% of your wealth in either hyperinflates or fails, you’ve got a lot of problems.”
Recently, On July 1st, in the latest edition of “Off The Chain,” Pomp stated that “Bitcoin is “Well-Positioned” to be the Global Reserve Currency”.
Pomp pointed out that, US dollar became the global reserve currency and it has defended that position since World War II. Moreover, the global reserve currency was always influenced by a global superpower at any given time in history.
However, Pomp believes that this trend will change after the world realizes the largest cryptocurrency, Bitcoin’s true potential.
Previously, Pomp predicted that the BTC price will reach $100,000 by the end of 2021. He also explained that the basic principle behind his prediction was supply-demand economics, which remains valid for the innovative digital asset class.
Also, he highlighted that the upcoming halving scheduled in May 2020 will serve as a strong bullish factor with the potential to push the price towards a new all-time high.
It seems that pomp is incredibly bullish about the future prospects of Bitcoin. What’s your Bitcoin price prediction for 2019?