Anthony Pompliano: Bitcoin can reach a $5 trillion market cap by 2024

24 Apr, 2019 | Updated: 24 Apr, 2019
by Joeri Cant
Anthony Pompliano: Bitcoin can reach a $5 trillion market cap by 2024

The Morgan Creek Digital Assets partner, and eternal Bitcoin bull, Anthony Pompliano, took to Twitter to state that Bitcoin can reach a $5 trillion market cap by 2024.

Co-founder of Morgan Creek Digital Assets and host of the 'Off The Chain' podcast, Anthony Pompliano, is convinced that Bitcoin is the only asset that has a realistic chance of increasing by as much as 50 times in value over a 5 year period.

That would put the price of one Bitcoin between the $110,000 and $275,000 price mark by 2024. Not too shabby!

'The Pomp' isn't the only one who is bullish on Bitcoin in the Morgan Creek organization.

Chepicap just reported that Mark Yusko, CEO and (the other) co-founder of Morgan Creek recently caught up with Bitcoin Magazine NL where he talked about the Bitcoin/gold equivalents being a $7.4 trillion market cap, which would mean a Bitcoin price of $400,000 or $500,000 per unit.

The Morgan Creek CEO added that this figure is quite possible, likening the current state of Bitcoin to the internet naysayers in the early 90s.

While he admits that the crypto market cap is only $100 billion today, 'tomorrow it will be $300 billion and the next day it will be $1 trillion.'

Earlier Chepicap reported that, another prominent investor, author, and partner at crypto venture firm, Placeholder VC, Chris Burniske forecasted that Bitcoin could top $1 trillion in market cap during the next bull run.

The investor pointed out that this continued year growth meant that Bitcoin was bound to hit the trillion dollar mark sooner or later; and in Burniske’s opinion, during the next bull run.

Do you agree with these crypto experts? let us know in the poll below.

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Can Bitcoin reach a $5 trillion market cap by 2024

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