Bitcoin price has tripled since the start of 2019, rising sharply with strong sentiment and bullish momentum. According to coinmarketcap data, the BTC price is currently trading at $11,330.49 USD with $201,447,804,182 USD and 24 Hour Volume $20,986,332,946 USD. This significant sign of growth has led some to wonder what is the cause of crypto’s current price boom.
At present, we can see that “Bitcoin Price Prediction” has become a hot topic buzzing on multiple social media platforms many crypto traders and influencers are posting their views on Bitcoin
BTC Price Prediction by Anthony Pompliano
On June 24th, Founder and partner of Morgan Creek Digital Asset, Anthony Pompliano has made a bold statement that Bitcoin is likely to hit a new record of about $100,000 by 2021 end.
Previously, On August 2018, Pomp had written an email to investors during the time Bitcoin was trading at $6,770. He claimed, “We are likely to see Bitcoin near $3,000 before we see Bitcoin at $10,000 again.” Though there was a lot of doubt, the cryptocurrency showed the signs of a recovery, and his prediction turned out to be accurate.
On December 2018, Bitcoin declined to $3,200 in before stepping up and shooting past a $10,000 price. Thus, following that success, Pomp laid out new price prediction for Bitcoin explaining that he did this by “forming a thesis (price target), identifying a timeline (date), and establishing a confidence level.”
As Bitcoin’s bullish moment is still in trend, Pomp hopes that Bitcoin will hit $100,000 valuation before 2021 end, on a confidence level around 70-75%.
Pomp also points out that “ It won’t come as a surprise to me that many people may disagree with these thoughts. In fact, that is what I am hoping the reaction is”. Pomp Says that he is incredibly bullish about the future prospects of Bitcoin.
What’s your view on this prediction? Will bitcoin price reach $100,000 by the end of 2021? What’s your BTC price prediction?