Anthony Pompliano of Morgan Creek Capital has always been a huge supporter of Bitcoin. This time, he pushed his forecasts to an even higher level. Previously, he predicted that BTC would hit $ 100,000 by the end of the year, and now added that if the market capitalization of the oldest cryptocurrency is comparable to gold, bitcoin could cost up to $ 450,000. dollars.
Anthony Pompliano: BTC could cost $ 450,000 dollars
Pompliano is convinced of Bitcoin’s potential, considering that it is a much rarer asset than gold or the US dollar. As everyone knows, there is a limited amount of BTC that can be mined. So far, about 18 million of the 21 million available have already been excavated. This means there are only three million coins left before all BTC is in circulation.
Admittedly, the last Bitcoin will not be mined until 2140, but the point is that cryptocurrency cannot be mined indefinitely, as with printing dollars. Pompliano believes that for this very reason, its value will exceed all other assets.
Pompalino further claims that because Bitcoin is a digital currency, it has the ability to reach a much wider audience. Gold is still a physical asset and cannot be distributed in the same way as Bitcoin, which means that in the future, BTC could be a much larger market.
In a recent interview, Pompliano stated that Bitcoin could outshine gold, and when it does, its market value will be much higher.
“If the gold market is $ 8 trillion, Bitcoin will be between $ 400,000 and $ 450,000… It’s better. This will capture more of the market.
Pompliano’s only concern is that such an increase is unlikely to happen in his lifetime. This means that he will not be able to experience the joy of fulfilling his own forecasts. Even so, it believes that the US dollar, which continues to be the world’s main fiat currency, has already passed enough to promote Bitcoin
Pompalino believed that continuing to print dollars to boost stimulus packages could negatively impact the dollar’s position. This is the same argument used by Elon Musk.
“You can’t print trillions of dollars and have no influence on that currency.”