December 5, 2023

Bitcoin exchange rate will reach $ 100,000 by the end of 2021

Bitcoin exchange rate will reach $ 100,000 by the end of 2021

Co-founder of the investment company Morgan Creek and an ardent supporter of Bitcoin, Anthony Pompliano, believes that it is necessarytime for the first cryptocurrency to take a leading position in the global market.

The businessman expressed his point of view in an interviewCryptoPotate resource. Already, many states are rapidly moving towards the use of blockchain technologies. In the future, the transition to blockchain will create conditions for the massive adoption of bitcoin.

Pompliano said:

«It takes time for people to learn it [bitcoin] and start using it. I think this will happen over time at the government level, at the private and institutional levels.

The businessman stated this earlier. He even recently posted on Twitter in which he predicted that the United States will make BTC its national currency.

An important milestone in the development of the Bitcoin community will bethe so-called May halving 2020 (reduction of miners’ rewards), Pompliano believes. In his opinion, the reduction in the supply of BTC will increase the demand for this asset, and the coin will soar to $100,000 by December 2021.

Now such a forecast is perceived asfiction, but if you plunge into history, you can see confirmation of the position of Pompliano. For example, in 2012, after the first halving, the cost of BTC soared 10 times, and in 2016, after the second reduction in the miners' award, the coin jumped another 400%.