Anthony Pompliano named the main reason for the growth in the value of the cryptocurrency and the terms in which it is repeatedly will surpass the historical maximum.
Bitcoin Rises To $ 100,000 By December2021, said Anthony Pompliano, co-founder and managing partner of the Morgan Creek Capital venture capital fund, in an interview with CryptoPotato. The main reason for the increase in the value of the coin, he called halving, scheduled for May 2020.
“Halving will be an important event for Bitcoin. I don’t think that the price will soar the next day after that, but I think that starting from the current values it will rise to $ 100,000 by December 2021, ”the entrepreneur predicted.
He added that now Bitcoin is in phasegrowth, which will last for two years. However, over its entire course, the coin rate will be extremely volatile, per day it will change by 10-12%, possibly even by 30%, Pompliano suggested.
Another analyst and trader Cantering Clark alsoI am confident in the growth in the value of the first cryptocurrency. He drew attention to the similarity between the two parts of the Bitcoin chart. If the trend continues, the price of the coin will skyrocket, as it was at the beginning of 2019, the expert is sure.
There is an uncanny resemblance between these two charts.
It would make sense that after the first major move up, that the first major correction and following accumulation period would have a fractal resemblance to the larger original.
The purpose is still the same. $ BTC pic.twitter.com/eRQA9PRJSZ
- Cantering Clark (@CanteringClark) December 9, 2019
Confidence in the growth in the value of Bitcoin after the halving of 2020 was also expressed by analyst Keith Waring. However, now there is a risk of lowering the price of the first cryptocurrency to $ 2700, the expert noted.