Famed crypto vocal Anthony Pompliano has a firm belief in his prediction of $100k for Bitcoin. In his interview, he elaborated a lot about the top digital asset’s behavior and called himself a long term holder.
Pompliano is a co-founder and partner at Morgan Creek Digital Assets. He expressed his sentiments for cryptocurrency during his talk with Daniela Cambone from Stansberry Research.
Fluctuations are Normal
When asked about recent extreme swings in the price value, Pompliano said he did not take fluctuations seriously as these are part of the game. The swings in the price create problems for those who are short-term traders. Long-term aspirants do not pay attention to temporary events.
Pompliano also gave insights about his future prediction for the top digital currency. According to him, the flagship cryptocurrency’s price value will claim $100,000 by the end of 2021. However, he predicted $100k in 2019, and he adheres to it.
Pompliano is not the first personality in the crypto sector who dreams about $100k in the future as there are many people.
Recently, the top coin faced bearish blows as a result of massive selling. Most retail traders who come temporarily have sold their BTC holdings in fear of further price damage.
Recently, the leading cryptocurrency price reached an all-time high of $42,000 in just a month. The price increase also attracted big traders and institutional investors. Grayscale, the largest crypto asset management firm, witnessed more than $23 billion in assets under management. However, Bitcoin did not stay above $40,000 for a long time as there are some entities in the industry that come only for temporary benefits.
Currently, the flagship digital currency is trading at $32,065 after a slight decrease over the last 24-hours. The bearish pressure can push it towards $28,000, the level acting as a support in hedging the price from going down.
In today’s trading session, the crypto market tried to stable as the global crypto market has increased by 1.32% over the day. Major altcoins have also shown some signs of recovery after the time of bearish sentiments in the market. Ethereum, the second-largest cryptocurrency by market cap, has jumped by 6.95% over the last 24-hours. Cardano is also up 2.49% in the daily timeframe.