Bitcoin (BTC) May Rally to $100k By Dec 2021
There is a chance the Bitcoin price will rally to $100k according to Anthony Pompliano, a crypto evangelist and an avid BTC supporter. In a CNBC “Squawk Box” interview on Wednesday, the investor said the current macro-economic condition is “rocket fuel” for the digital asset. Coupled with the halving event of May 2020--which slashed by 50 percent of the daily supply of Bitcoin, there are more upsides for the coin.
Anthony is a crypto evangelist. An advocate and supporter of decentralized systems. As the co-founder of Morgan Creek Digital, his words are a vote of confidence for investors. At the time of writing, the Bitcoin price is down four percent but rose early Monday to as high as $19,300. Behind the uptick are inflation fears, on-chain factors like the halving event, and the renewed interest by institutions keen diversifying away from traditional instruments to a more robust and math-driven network away from the grip of governments.
Impact on the BTC Price:
Bullish. Anthony is the second analyst to project a six-figure Bitcoin price in the next 12 months after Thomas Fitzpatrick of Citibank said the coin could rally to $318k within the same period.
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