Morgan Creek Digital co-founder, Anthony Pompliano, who is a popular Bitcoin maximalist, has mapped out a scenario in which the largest cryptocurrency by market capitalization attains the whooping milestone, $1,000,000.
Pompliano, in an interview with Stanberry Research, shared his 2021 Bitcoin (BTC) price prediction, and his long-term bullishness about the leading cryptocurrency.
The prominent Bitcoin investor stands by his 2019 prediction, targeting $100,000 for BTC before the end of 2021.
Anthony Pompliano noted:
“In order to have a true prediction, you have to predict price and also timeline… In 2019, I wrote a piece that said I believe that Bitcoin was going to go from around $10,000 at that time to $100,000 by the end of 2021… I still believe that. I haven’t changed it.
“Somehow I’m now the most conservative guy in the room because now there’s people saying $200,000, $250,000, $300,000, $500,000. Whatever the numbers are, I’m still gonna stick with $100,000.
“When we look out over a very, very long time horizon. So if you give me the benefit of the doubt and say, ‘Hey don’t put a time prediction on it just tell me where the value of this thing goes,’ I absolutely think at some point in my lifetime we’ll see a $1 million Bitcoin price.
“But I don’t know if that necessarily has more to do with Bitcoin value accrual as much as the devaluation of the dollar over a long period of time – everything goes up in dollar prices from real estate, stocks, precious metals etcetera.
“I think it’s a foregone conclusion. You just have to be able to stomach tons and tons of volatility… All that volatility scares a lot of people but if you’re a long-term holder, you do your research, and you get comfortable with it, then I think it can be a pretty amazing thing to put in a portfolio.”