There have been a lot of predictions regarding the price of BTC so far, and they seem to be getting more bullish with each passing day.
During a brand new interview with Yahoo Finance, Anthony Pompliano says that he’s doubling down on his prediction that BTC will end the year 2021 at $100k.
BTC is poised to reach six digits
The founder of Morgan Creek Digital explained why he’s so bullish regarding the price of BTC.
“I think by the end of 2021 we’ll see it eclipse $100,000. And really, that’s just driven by more institutional interest and then also a lot more global instability that we’re seeing the early days of today…”
He continued and said, “The important thing to remember about Bitcoin is that it’s a fixed supply asset and so supply and demand economics apply. If there are increases in demand, you’re going to see the price move up.”
$20k is a critical number to watch in the future
As the Daily Hodl reported, Pompliano also said that Bitcoin’s all-time high around $20,000 is the key number to be watching in the future.
“$20,000 is a big one. It’ll set a new all-time high once it breaks through that… I think it’ll really pull people in…” he said.