Here’s How Bitcoin Could Go To $ 1 Million, According to Anthony Pompliano from Morgan Creek Digital

Anthony Pompliano from Morgan Creek Digital maps out a scenario where Bitcoin is hitting the $ 1 million mark.

In an interview with Stansberry Research, co-founder and partner in hedge fund Morgan Creek Digital reveals its modest 2021 Bitcoin price prediction as well as its highly bullish long-term prediction for the leading digital asset.

In terms of its 2021 price target, Pompliano stands by its Bitcoin forecast in 2019, where it estimated that Bitcoin would reach $ 100,000 by December 31st, 2021, even if the prediction seems conservative by comparison with some other bets circulating around the crypto world.

“To get a true prediction, you have to forecast a price and also a timeline… In 2019, I wrote a piece that said I think Bitcoin is going to go from around $ 10,000 at that time to $ 100,000 by the end of 2021… to believe that. I haven’t changed it.

Somehow I’m now the most conservative guy in the room because now there are people saying $ 200,000, $ 250,000, $ 300,000, $ 500,000. Whatever the numbers, I’m still going with $ 100,000. “

In the long run, Pompliano has set his eyes on a head-turning BTC evaluation. However, the Bitcoin bull warns that it is uncertain whether the high price tag will be largely due to BTC’s popularity or the depreciation of the dollar.

“When we look out over a very, very long horizon. So if you give me the benefit of the doubt and say, ‘Hey don’t put a time prediction on it, tell me where the value of this thing goes,’ I totally believe at some point in my lifetime we will see a $ 1 million Bitcoin Price.

But I don’t know if that has more to do with Bitcoin’s value accumulation as much as depreciating the dollar over a long period – everything rises in dollar prices of real estate, stocks, precious metals etcetera. “

Pompliano says that its evaluation is almost certain and that they will have to be prepared for great volatility in order for individuals to benefit from BTC’s incredible potential rise.

“I think it’s a surrendered collection. You have to be able to stomach tons and tons of volatility … All that volatility scares a lot of people but if you’re a long-term holder, you’re doing your research, and you’re ‘ n feel comfortable with it, then I think it can be quite an incredible thing to put into a portfolio. “

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Featured Image: Shutterstock / Daniel Prudek

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