Well-known cryptocurrency enthusiast and co-founder of Morgan Creek Digital, Anthony Pompliano, said that eventually bitcoin will become part of the portfolio of every institutional investor.
In an interview with CNBC, Anthony Pompliano stressed that every week the infrastructure around bitcoin and other cryptocurrencies is growing and developing, which means that the cryptocurrency markets are becoming more popular. In particular, the investor recalled that the bitcoin hashrate has repeatedly set records this year. He did not forget about the September launch of the Bakkt platform for institutional investors.
“The more infrastructure is built, the more likely it is that cryptocurrencies will not go away. We are at a tipping point, which will show whether bitcoin will remain forever. In the end, it will take a place in the portfolio of every institutional investor,” said Pompliano.
At the same time, the co-founder of Morgan Creek Digital noted that in the short term, the bitcoin exchange rate may decline. This is facilitated by the actions of regulators, the still low prevalence of bitcoin and low awareness of it. No less important is the fact that the process of buying the first cryptocurrency is still quite complicated.
Recall that in early July, Anthony Pompliano predicted that by 2021, the price of bitcoin will reach $100,000. Then he said that he was 75% sure of his forecast