RATE Group | Bitcoin [BTC] is “up there with Mastercard” in terms of a value perspective, says Pompli…
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Bitcoin [BTC] is “up there with Mastercard” in terms of a value perspective, says Pompli…

24 Nov Bitcoin [BTC] is “up there with Mastercard” in terms of a value perspective, says Pompli…

Posted at 11:11h in Bitcoin News by

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The bear’s attacks have left Bitcoin [BTC] gasping for air barely above the $4000 mark. However, many experts in the field expect the price to correct further, owing to the fundamentals of Bitcoin’s market cycle. One of them is Anthony Pompliano, the founder of Morgan Creek Digital, who recently appeared on CNN to speak about the price performance of Bitcoin.

He began by saying that there was a lot of focus on the price by many individuals in the space, emphasizing that the important thing was to remember that the “fundamentals haven’t changed”. This was backed up by Pompliano, as he referred to the technicals and historical analysis to predict that the bear market was going to get deeper.

Stating that this has been seen in the past, he set his price call for around $3000-$3500 for Bitcoin, adding that it shouldn’t come as a surprise if that occurs. However, he also stated that the price movement does not change the historical or long-term outlooks. He…

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