'Crypto Industry Is Not Going Anywhere,' Pompliano Predicts: Bitcoin To Come 'Roaring Back' In Next 18 To 24 Months
Portfolio Pulse from Chris Katje
Crypto investor Anthony Pompliano predicts that Bitcoin (BTC) will make a strong comeback in the next 18 to 24 months. He highlighted the recent news of Coinbase Global Inc (NASDAQ:COIN) launching crypto futures trading in the U.S. as a positive development for the industry. Pompliano believes that the future of Bitcoin is bright due to factors such as the upcoming Bitcoin halving in 2024, increased institutional interest, and the potential for Bitcoin ETFs.
August 17, 2023 | 8:55 pm
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POSITIVE IMPACT
Anthony Pompliano predicts a strong comeback for Bitcoin in the next 18 to 24 months. He believes that factors such as the upcoming Bitcoin halving in 2024, increased institutional interest, and the potential for Bitcoin ETFs will drive its price up.
Pompliano's prediction is based on several factors that could potentially drive up the demand for Bitcoin. These include the upcoming Bitcoin halving in 2024, which will reduce the supply of new Bitcoins, increased institutional interest in Bitcoin, and the potential for Bitcoin ETFs, which could make it easier for retail investors to invest in Bitcoin.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Coinbase Global Inc (NASDAQ:COIN) recently received approval to offer federally regulated crypto future trading in the U.S. This development was highlighted by Anthony Pompliano as a positive sign for the crypto industry.
The approval for Coinbase to offer crypto futures trading in the U.S. is a significant development for the company. This could potentially increase its trading volume and revenues, which would be positive for its stock price.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80