Some say he is a crypto evangelist; others see him as one of the Bitcoin bulls that disrupt the market, is he just another crypto reporter who loves attention? Who is Anthony Pompliano?
Born in 15th June 1988, Anthony Pompliano Jr. who is better known by his close allies as Pomp is a US Army veteran, an American investor, and successful businessman. Alongside Jason A. Williams, Pompliano is a Co-founder and Managing Partner of an early-stage capital fund venture, Full Tilt Capital.
Pompliano is also the founder and Chief Partner of a multi-strategy investment company that goes by the name Morgan Creek Digital Assets. The company, Morgan Creek, provides wealthy family offices and institutional clients access to blockchain technology and virtual assets.
The bitcoin bull, Pompliano, is a knowledgeable speaker who has a massive professional and personal following. With over 240,000 Twitter followers, regular prime time appearances, and a top-spot crypto podcast, Pompliano is fast becoming a gigantic crypto market influencer.
Pompliano graduated from Bucknell University with a Bachelors of Arts Degree double majoring in economics and sociology. Pompliano also served in the US Army where he is decorated as a Distinguished Leader Graduate and Commandant’s List Graduate. He has had such an illustrious career and life so far that he will need a designated article to cover his exploits.
Despite its current dismal state, Bitcoin seems to have an enthusiastic campaigner and believer who believes the crypto-coin is going to shock many in the coming years. During the Bitcoin 2019 conference, Max Keiser, one of the main speakers, expressed his confidence in the rise of Bitcoin holding on to his 100,000 USD price prediction for the digital coin.
So far, 2019 is a tricky year for the number one cryptocurrency which has been fluctuating in recent time with news of Facebook’s Libra launch adding fuel to Bitcoin’s performance. During the 2019 Bitcoin Conference that was held in San Francisco, Ran Neuner, a journalist and a crypto consultant interviewed many crypto analysts on their perception on the future of the crypto coin.
What Number One Bitcoin Supporter, Anthony Pompliano Had to Say
Despite already being a multi-millionaire, Pompliano continues being firm on Bitcoin’s 100,000 USD price prediction that will see the cryptocurrency hit a 2 trillion USD market capitalization if the prophecy comes true. That is about 1/40 of the world’s money supply and a third of gold’s present market capitalization. Pompliano states a 70% to 75% conviction in his estimation.
In his words,
“I believe that before 31st December 2021, Bitcoin will have reached the 100,000 USD price level. My present confidence levels of this prediction are at around 70-75 percent.”
According to experts, Pompliano’s outrageous prediction is nothing to be shocked about as it entails simple supply and demand economics.
At present, Bitcoin’s total supply is giving it a hard scarcity given that the demand of the coin is rising steadily, a move that will inevitably push the price upwards. Bitcoin’s total supply stands at 21 million.
“As a fixed supply asset that has a disinflationary supply timetable, Bitcoin will in the next three years have an outrageous demand increase despite its total supply remaining constant and its daily supply decreasing by 50 percent.”
What Pompliano is talking about is Bitcoin Halving Event that is set to take place on May 2020 whereby Bitcoin’s daily crypto output will fall by 50 percent.
Historically, this supply shock triggers a massive Bitcoin price hike.
Path to 100,000 USD Market Price Will Not be Easy But it’s Achievable
Pompliano admits that the way to his mouth-watering Bitcoin price is full of pullbacks and corrections, but he seems not to relent on his prediction. To go the extra mile, Pompliano is in the process of investing 50 percent of his fortune on Bitcoin as a long-term investment plan that he seems to be sure will pay off in the long run.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.