Pompliano: Bitcoin On Track For $100,000 Within Two Years, Downside Risk Limited
Portfolio Pulse from Murtuza Merchant
Anthony Pompliano of Pomp Investments predicts Bitcoin will reach $100,000 within 12 to 18 months, citing its resilience and growing adoption, including Bitcoin ETFs. Despite recent market fluctuations and geopolitical tensions, Pompliano sees a limited downside risk, with Bitcoin's price firmly capped at $50,000. Contrarily, Peter Schiff warns of a potential Bitcoin crash due to Wall Street's expected selling.

April 17, 2024 | 5:22 pm
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Anthony Pompliano predicts Bitcoin's price will reach $100,000 within 12 to 18 months, with downside risk capped at $50,000, despite potential Wall Street sell-offs.
Pompliano's prediction is based on Bitcoin's increasing adoption, including ETFs, and its role as an inflation hedge. Despite market fluctuations and geopolitical tensions, Bitcoin's foundational dynamics support its resilience. However, Peter Schiff's warning about potential Wall Street sell-offs introduces a note of caution, suggesting that while the long-term outlook is bullish, short-term volatility could be influenced by external financial market dynamics.
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