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Crypto Freak John McAfee Is Doomed – Anthony Pompliano: Bitcoin Likely to Rise to $100,000 by Late 2021

Tue, 06/25/2019 - 08:51
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Yuri Molchan
A crypto expert Anthony Pompliano predicts that by end of December 2021 Bitcoin is likely to hit $100,000, while John McAfee has made a much higher bet
Crypto Freak John McAfee Is Doomed – Anthony Pompliano: Bitcoin Likely to Rise to $100,000 by Late 2021
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In a recent blog post, crypto expert and a co-founder of Morgan Creek Digital has shared his recent forecast for the Bitcoin price - $100,000 by 31 December 2021.

Curiously, the well-known notorious US presidential candidate on the run from IRS John McAfee has made a much higher mark for the Bitcoin price to reach on this date - $1 mln. 

McAfee even said that unless it happens, he will eat his penis on the US national TV.

If Pompliano proves to be right then Mr John McAfee is doomed and the world will be in for an exciting TV show featuring McAfee and some of his intimate body parts.

Previous BTC forecast by ‘Pomp’

In the blog post, Pompliano refers to one of his earlier BTC price predictions in late summer last year, when he wrote to Morgan Creek’s investors that before Bitcoin hits $10,000 it will likely drop to $3,000. Back then, Bitcoin was trading at $6,770.

Investors responded to that prediction skeptically, however, it proved to be correct – Bitcoin kept decreasing below $3,000 in December 2018 and surged to over $10,000 only at the end of last week.

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‘Bitcoin to hit $100,000’

Now that a BTC bullish market has resumed, Anthony Pompliano has made another forecast - $100,000 by 31 December 2021. He said, though, that the forecast could not be 100 percent accurate.

https://twitter.com/APompliano 
https://twitter.com/APompliano 

While going into details regarding the new forecast, ‘Pomp’ named several things to pay attention to. Among them are:

The price appreciation will be driven by a very simple idea — supply/demand economics remains a valid market price determinant.”

The increase in demand for Bitcoin will come from a variety of sources and will be due to various factors. These include large scale institutional adoption, multiple ETF and retail product approvals, increased global instability, lack of performance in traditional markets, and the continued manipulation of markets, economies, and currencies by governments around the world.”

Pompliano does warn the readers, however, that splashes of volatility on the way to the $100,000 mark are unavoidable and rollbacks of 20-30 percent from new highs should be expected.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.