January 28, 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

Anthony Pompliano, co-founder of Morgan Creek investment company and an ardent supporter of bitcoin, believes that it is necessary time 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:

“People need time to master it [bitcoin] and start using it. I think that this will happen over time at the state level, at the private and institutional levels. ”

The businessman has stated this before. On Twitter, he even recently posted a post in which he predicted that the US would make BTC its national currency.

An important milestone in the development of the Bitcoin community will bethe so-called May Halving of 2020 (a reduction in the reward of miners), says Pompliano. In his opinion, a reduction in BTC supplies will increase 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%.