In an interview with CNBC yesterday, Anthony Pompliano spoke about the recent drop in Bitcoin’s market where he drew lines to BTC’s historical declines of more than 80%. Highlighting the significance of these statistics, Anthony said Morgan Creek expects BTC to trade at $3,000. He added that the crypto market is likely to plunge further despite its already deplorable state. However, he said that cryptocurrencies had been the best performing asset class in the past decade. Anthony added that although Bitcoin underwent significant declines in the past, it remains a promising investment.
Source: https://ethereumworldnews.com/pomp-goes-on-mainstream-bitcoin-crusade-calls-bottom-on-cnbc/