Bitcoin’s Future: Anthony Pompliano Envisions $100,000+ Price in 12–18 Months, Reveals Important Detail

In an interview with CNBC Squawk Box, Anthony Pompliano, founder of Pomp Investments, forecasts a bullish trajectory for Bitcoin (BTC), predicting it could surpass $100,000 within the next 12 to 18 months. 

While acknowledging potential short-term dips below the current value, he suggests a muted downside with Bitcoin likely staying above $50,000. Pompliano attributes the recent Bitcoin sell-off to factors like limited access to banking funds over weekends and algorithmic trading triggered by global tensions. 

Despite the weekend’s market turbulence, Bitcoin is currently trading at $63,429, marking a more than 5% increase in the last 24 hours.

Clever Robot News Desk 19^th April 2024