Anthony Pompliano’s bearish prediction on BTC saying it will drift below $3K

27 Dec, 2018 | Updated: 27 Dec, 2018
by Fifi Arisandi
Opinion
Anthony Pompliano’s bearish prediction on BTC saying it will drift below $3K

Renowned security token advocate, Anthony Pompliano conveyed his bearish prediction on Bitcoin price for the near future to CNBC's Squawk Box.

After suggesting Bitcoin as a “lifechanging gift” for Christmas earlier this month, Morgan Creek’s founder and partner, Anthony Pompliano expressed his bearish view on crypto prices.

In a recent interview with CNBC’s Squawk Box, Pompliano stated that he foresaw Bitcoin price to go below $3,000 in the near future.

This comment is in line with his previous last month, when he said that Bitcoin will go through an 85% decline from its all-time high before eventually reaching the bottom, as reported by Sludge Feed.

Having said that, Pompliano is still a die-hard believer of the prospect of Bitcoin and other cryptocurrencies for the long run.

The crypto space public figure with 180 thousand Twitter followers valiantly challenged Warren Buffet’s Bet 2.0 that put 1 million on stake for a way better investment result on S&P 500 index than hedge funds.

Pompliano, instead, bet $1 million that digital assets will outperform S&P 500 over the next 10 years starting January 1, 2019 on what he called as “The Digital Asset Challenge”, as reported by Chepicap earlier this month.

Read more: 

'No one took us up on our $1 million bet' says Anthony Pompliano

Roubini and Pomp square up on Twitter yet again over $1 M crypto bet

Anthony Pompliano bets $1 million that crypto will outperform the S$P 500

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