RATE Group | Anthony Pompliano Calls Market Conditions ‘Bitcoin Rocket Fuel’, Confirms Morgan Creek D…
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Anthony Pompliano Calls Market Conditions ‘Bitcoin Rocket Fuel’, Confirms Morgan Creek D…

14 Mar Anthony Pompliano Calls Market Conditions ‘Bitcoin Rocket Fuel’, Confirms Morgan Creek D…

Posted at 18:16h in Cryptocurrency News by

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Bitcoin (BTC) has bounced to $5,495 at time of writing, after dropping to as low as $3,850 and printing its heaviest loss in 24 hours since 2013. While the top currency managed to climb as high as $5,635 in today’s trading session, the spiking volatility is keeping traders rattled.

In spite of the historic losses and wild swings, Morgan Creek co-founder Anthony Pompliano remains upbeat on the cryptocurrency’s future, revealing how he bought the dip.

“Basically, what you guys have to understand is that there’s incredible pressure in the Bitcoin market but nothing about the network changed. It’s completely stable. It’s exactly how it was, and there’s been a very big price discount.

Of course, we’re bullish. As I said earlier this week, I bought more Bitcoin. We bought more Bitcoin at Morgan Creek. We definitely think that there is the same exact investment thesis that’s laid out.”

Pompliano says he’s confident that recent…

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