Pompliano BTC price prediction: BTC will touch $100,000 by the end of 2021

On February 9th, Bitcoin exceeded the $10,000 mark for the first time after October 2019. Morgan Creek Captial’s co-founder Anthony Pompliano BTC price prediction has got people more excited for the coming future. Pompliano, in a Twitter post from his official account, stated that by December 2021, BTC will cross the $100,000 mark.

He further explained that the supply of bitcoin will be fixed but the demand will continue to rise. However, only ‘time will tell’ how far can bitcoin go from here.

Pompliano BTC price prediction

The Pompliano BTC price prediction has got the whole BTC and the crypto community riled up. Investors are highly optimistic about this one. Some predict that Bitcoin rising up to $200,000 won’t be surprising either. Others think that Bitcoin will rise massively between anywhere between $65,000 to $180,000. 

With this, BitMEX’s CEO Arthur Hayes has also shown a positive interest in Bitcoin. In his tweet, Hayes has confirmed that he is bullish and is now looking forward to a $20,000 mark. 

Whales invested $2.4 million more in BTC

BTC is expected to have such a meteoric rise is mainly due to the recent events happening around the world. With the US-Iran tensions and the coronavirus outbreak, BTC showed a really positive response like gold and oil. While the economy and stocks were going down, BTC and other cryptocurrencies rose to new highs.

Last week saw the whales invested $2.4 million more in BTC. These are several reasons why BTC is on the rise and will continue to do so in 2020. BTC, in 2013, went as low as $65 but since then, in the past 7 years, it has been the most profitable asset across the world by far.

Looking at today’s price of BTC, at the time of publishing, it stands at $9816. There has been a decline of almost 2.9% from yesterday. However, if we are talking about the long run, it is highly expected that BTC will go up.

 

Featured image from Pixabay