Anthony Pompliano: Bitcoin will be the best performing asset in the next two years

in #blockchain5 years ago

According to Substack, Anthony Pompliano, co-founder of Morgan Creek, published an analysis saying that in the next 18-24 months, almost all asset prices will rise sharply. Specifically, non-New Crown epidemic-related enterprise stocks (CIS) will receive a return of 40-70% in the next two years (based on the current overall market decline of 40-50%); Is another case. It is expected that the stocks that have fallen the most so far may get the greatest returns. Gold will not exceed $ 2,500 in the next two years, with a return of 35% to 65%. Bitcoin's outlook is similar to gold, but with some key differences. As the dollar depreciates, investors will seek inflation to hedge assets, and Bitcoin and gold will be two of the beneficiaries. But one major difference is that Bitcoin is much more volatile than gold. Although I think gold has a 3-65% upside, he has a relatively high confidence (more than 85%) that Bitcoin price will be at least three times higher than it is now. This will bring it back to an all-time high of over $ 20,000. In summary, Bitcoin will be the best performing asset in the next 24 months.

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