Pompiano: Bitcoin will find a minimum of 85% below the historical maximum

Pompiano: Bitcoin will find a minimum of 85% below the historical maximum
Founder and partner of Morgan Creek Digital, Anthony Pompliano, in a conversation with CNBC this Monday, said that the Bitcoin price could find at least 85% below its historical maximum. Pompiano explained that he bases this forecast on his experience in the cryptocurrency sector.

“85% of the current maximum is the point where it will end. About $ 3,000. We approached it over the weekend, but we may have to go down a bit more, ”he said.

According to Pompliano, in the previous segment, Bitcoin was overvalued, and therefore the cryptocurrency continues to undergo a healthy correction. “Bitcoin was overvalued in December 2017. This year, there were more sellers than buyers, so the price drops. But there are three things you should not f ...
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