This website uses cookies to ensure you get the best experience on our website

Blog

Date:
26th Nov 2020
Author:
CryptoAltum Research Team

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.


Details: 

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.


More market updates on our Blog 


Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.
  • Copyright Excel Innovations Ltd (CryptoAltum) 2020