He believes that the fact that BTC managed to end its longest-ever monthly losing streak shows that the bear market is about to end, as reported by The Daily Hodl.
He says that an eventual surge of BTC to $400,000 is a really viable scenario.
“…there is a high chance that the next bull run has a minimum potential of pushing the price five times higher. That is over $100K. I personally believe that each Bitcoin can go up as much as $400K, and if history repeats itself, this number is not a fool’s paradise,” he said.
He concluded by saying “This is a simple math calculation: approximate percentage projection of the price which we experienced during the last bull run.”
Just recently, Anthony Pompliano, the founder of the crypto investment company Morgan Creek Digital, and he just said that there’s a massive wave of institutional investors heading towards the crypto space.
He believes that after the wave hits, we will witness a Bitcoin and crypto bull run, unlike anything we have ever seen so far.