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Anthony Pompliano: “Bitcoin can grow 20-50 times in five years”

Anthony-Pompliano-Bitcoin-can-grow-20-50-times Anthony Pompliano | Founder of Morgan Creek Digital

The founder of Morgan Creek Digital, Anthony Pompliano, believes that Bitcoin can show parabolic growth for five years.

"Bitcoin is the only $95 billion market cap asset I have ever seen that has a realistic chance of a 20-50x increase in value over a 5 year period," Pompliano wrote on the social network Twitter.

 If the capitalization of the first cryptocurrency grows 50 times, then it will reach $ 5 trillion. This is comparable to the capitalization of gold, which is about $ 8 trillion. Note that a similar opinion was expressed by Mike Novogratz, stating that within 20 years the capitalization of Bitcoin would easily exceed the capitalization of gold.


Quite a large number of analysts agree that Bitcoin has already passed the bottom and is now preparing for a new parabolic growth. Pompliano also noted that the next "bull market cycle" will be based not on speculation, but on fundamental factors and market development.

Quite a large number of analysts agree that Bitcoin has already passed the bottom and is now preparing for a new parabolic growth. Pompliano also noted that the next "bull market cycle" will be based not on speculation, but on fundamental factors and market development.


"Bitcoin is a highly volatile asset. It is misunderstood by many. But one thing is certain, the digitally native currency continues to strengthen over time. As with anything important in life, the maturation and mass adoption of Bitcoin will take time," he said in a post on his blog.


Pompliano also noted that in recent years, Bitcoin has shown itself to be much better than any traditional assets. Thus, over the past two years, the rate of Bitcoin increased by 450%, while the S & P index showed an increase of 19.9%, and gold - only 1.3%.


Note that Anthony Pompliano is a well known cryptocurrency enthusiast. He has repeatedly called on the public to buy bitcoins, including pension funds. 

SOURCE

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