Bitcoin [BTC] hasn’t bottomed yet, may go below $3000 predicts Anthony Pompliano
Anthony Pompilano, popularly known by his Twitter handle Pomp, predicts that Bitcoin hasn’t bottmed yet, and may even fall below $3,000 before the bulls start coming in. He made this statement public while appearing on CNBC on 26th December.
AnothonyPompilano, gives frequent commentary on the market on the markets on Twitter. He earlier predicted that Bitcoin will reach $3000 in November, a prediction that came true in the early weeks of December.
When asked bu the host to Anthony as what would be an inflection point of Bitcoin,
“Bitcoin still has a lower price to go under $3,000.”
And he also thinks that Bitcoin is not related to FAANG stocks (Facebook, Apple, Amazon, Netflix, and Google) but most people who own Bitcoin would also own FAANG stocks.
“If most people are being intelligent about their portfolio, Bitcoin would make around 2-3% of their entire portfolio. Most of the investment would be in equities. So due to the psychological reason related to the current S&P index, most people would have lost more through their Equities rather than through Bitcoin.”
Bitcoin is currently trading at $3,788, a $600 drop in the price compared to the price of Bitcoin which touched $4,300 before Christmas and sparked speculations of a new cryptocurrency bull run.
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