Anthony Pompliano Says He’s More Bullish On Bitcoin Now Than Ever

The Significant Stages to Expect a Bitcoin Bull Run in 2019
Advertisement

Pomp in a recent interview on CNBC Show and from tweets from his official Twitter account, Pomp shows his allegiance towards the most popular and valuable cryptocurrency in the world, Bitcoin.

Pomp who has been a Bitcoin advocate for a while now has also been in the forefront of Bitcoin Evangelists. He also has at one time in early 2019 advised Warren Buffett to purchase some Bitcoins.

The crypto community thinks Pomp has done so much in the past, spreading the Bitcoin gospel. But a recent tweet by Pomp shows that his present stance/faith in Bitcoin is nothing compared to that of the past.

Pomp Explains Reasons For Present Bitcoin Rally

Explaining the massive attention Bitcoin is receiving presently, causing a price surge above the $8,000 mark, which hasn’t happened for a while. Pomp believes there are two reasons for this.

Advertisement

As per his interview on CNBC, Pomp noted that some top exchanges like the CME and others are getting high trading volumes on Bitcoin. In his opinion, he says that it’s an indication that institutional traders and retail investors are fully convinced about Bitcoin.

Secondly, Pomp believes the 2020 halving on the Bitcoin network is a major propeller of the Bitcoin rally.

In another tweet, Pomp explains how important the halving is. In the tweet, he relates Bitcoin halving to the United States Treasury Department to cut the amount of dollar note printed into half. He says this will cause the value of the dollar to rise drastically.

Bitcoin Heading Towards $275k In 5 Years

Anthony Pompliano has recently predicted Bitcoins price hitting $275,000 in 5 years. ZyCrypto earlier reported this.

He opines that Bitcoin is the only asset that has the chance of a 20-50x increase in value within five years.

Bitcoin (BTC) price currently stands at $8,030.24 at the time of writing with a market cap of $142.3 billion.

What's Your Thought On This?, Let Us Know In the Comment Section Below.

Get Daily Crypto News On Facebook | Twitter | Telegram | Instagram