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Pompliano’s super bullish prediction on the bitcoin price
Pompliano’s super bullish prediction on the bitcoin price
Bitcoin

Pompliano’s super bullish prediction on the bitcoin price

By Marco Cavicchioli - 21 Apr 2020

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Anthony Pompliano has made a super bullish prediction about the price of bitcoin

The well-known crypto influencer, who already last month said he was amazed that the Fed was printing dollars in large quantities precisely during the year of BTC’s halving, was interviewed by Catalina Castro on the YouTube channel Tech with Catalina. 

During the interview, Pomp suggested that the current macroeconomic climate could help trigger a new bull-run for the price of bitcoin that could raise it by 1.420%

In other words, he imagines that the price of BTC could reach $100,000 in the coming months, or years. 

Indeed, to be more precise, he claims that this bull-run could cause BTC to reach new highs around the end of next year, as a result of the May halving, the current macroeconomic circumstances and the Fed’s powerful quantitative easing measures. 

Pompliano pointed out that the Fed’s plan is to bring a two trillion dollar stimulus to the financial markets and that Japan has also just approved a nearly one trillion dollar stimulus plan. 

The assumption is that investors at this stage will be looking for hedging assets that will preserve the value of their money from inflation, and according to Pompliano these assets are gold, Bitcoin, real estate, and the like

While this will happen, the increase in BTC’s supply will be halved, and the rest will be a result of increased demand as supply decreases.

The bull-run, however, may initially be slow and contained, to become increasingly massive and fast especially towards the end, which is more or less what happened in the two years following the two previous halvings. 

In truth, however, during the bull-run of 2017, following the halving of July 2016, there was no QE from the Fed, although the one introduced by the European Central Bank was still active. 

Whereas during the bull-run of 2013, following the halving of November 2012, the Federal Reserve QE was in full swing, which means that in conjunction with the two previous halvings of Bitcoin, and the upcoming one, quantitative easing measures have been implemented by some big central bank. 

Marco Cavicchioli
Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".

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