In an unique interview with Cointelegraph, Pomp reaffirmed the Bitcoin value prediction he made again in 2019. “It’s going to be fairly aggressive. I’m fairly assured in Bitcoin to $100K by the top of 2021.”

Along with favorable macroeconomic circumstances, Pompliano sees the after-halving impact as one of many primary catalysts that might drive Bitcoin towards that potential goal.

Pomp believes that Bitcoin’s diminishing provide coupled with elevated demand from institutional traders will drive Bitoin’s value to new highs.

Though there are round 18.5 million Bitcoin at present in circulation, he acknowledged that this quantity doesn’t take into consideration a big portion of Bitcoin that haven’t moved for a very long time. This implies the true out there provide is definitely smaller.

“Bitcoiners usually are not promoting their Bitcoin”, he stated.

When requested about the most effective technique to method a Bitcoin funding, Pomp dissuaded newbies from “timing the market”. As a substitute, he beneficial greenback value averaging as essentially the most prudent and rewarding technique to spend money on Bitcoin.

“Greenback value averaging is a very talked-about, timeless monetary sort of method as a result of it really works”, he stated.

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