Anthony Pompliano, co-founder of Morgan Creek Digital, better known as „Pomp“, made a very important prediction during an interview. According to Plompiano, Bitcoin will exceed $400,000 in the long run.
On August 4, Anthony Pompliano made his prediction during an interview with Peter McCormack. Initially, Pomp said Bitcoin is about to reach price levels of at least $400,000 or $450,000.
According to Pompliano, Bitcoin will break its new all-time highs. Mainly because the cryptomone represents a digital version of gold.
According to the discussion, Pompliano said that Bitcoin will follow the success of the main digitized assets. Indisputably, replacing analog gold as its digital alternative.
„This is what I keep telling people: give me a name that is analog and has been digitized, and the digital version is smaller than the analog version. It doesn’t happen.“
Emphasizing this sentence: „Digitalization brings all sorts of advantages. It’s a technology to expand the market.
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Anthony Pompliano: „Bitcoin will exceed $400,000“
Pomp went on to say that Bitcoin will become a bigger market than gold. However, it could be 50 years before Bitcoin reaches the $400,000 level.
„There are people who debate what the size of the gold market is, but let’s use easy numbers. Let’s say it’s $8 billion. That puts Bitcoin today at, uh, $400,000 to $450,000.
In the same interview, Pomp also stated that he still maintains his prediction of the price of BTC at $100,000 by the end of 2021.
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Predictions from various entrepreneurs
Meanwhile, Robert Kiyosaki, a businessman and writer, pointed out through his Twitter account that, due to the current economic situation in the world, Bitcoin could be worth $75,000.
According to Kiyosaki, the economy is dying due to the global situation caused by COVID-19. He also said that within a period of 1 year, gold will go from $1,700 to $3,000 per ounce.
For his part, Raoul Pal, CEO of Global Macro Investor, said that Bitcoin could reach a price of $1 million in the coming years. For this reason, he said that the conventional economic system of money „will fail drastically. As for gold, he said that „it could go up 3x or 5x in the next three to five years.
On the other hand, the author of several books on Bitcoin Up, Jimmy Song, thinks that Bitcoin should be given time to see results. He comments: „Lower bidding means higher prices.
At press time, Bitcoin was trading at $11,735.
Finally, I’d like to give you this quote from Niels Bohr: „Making predictions is very difficult, especially when it comes to the future.
Taking Anthony Pompliano’s prediction: Do you think Bitcoin will exceed $400,000? Leave your opinion in the comment box.