Anthony Pompliano shared an interesting fact about the last Bitcoin bull cycle and hinted that Bitcoin’s trading price will soon surge to double.
Anthony Pompliano is an American entrepreneur, investor, and host of The Pomp podcast, where he shares interviews and personal opinions on technology and finance. He also manages his family office with a focus on private investments. In the cryptocurrency world, he is known as a Bitcoin supporter.
On March 5, 2023, Anthony Pompliano appeared in an interview with CNBC. Anthony explained how Bitcoin trading prices have skyrocketed over the past few weeks and months, influenced by the adoption of Bitcoin spot ETFs and the hype around Bitcoin halving.
Anthony drew attention to the last Bitcoin bull cycle and said Bitcoin trading prices doubled in almost 18 days in 2021, shortly after hitting an all-time high (ATH).
Considering the 2021 bull market, Anthony indirectly hinted that Bitcoin’s trading price could reach $138,000 in the next three weeks.
He also suggested allocating only 1-5% of your portfolio to Bitcoin and cryptocurrencies to minimize the high volatility risk of cryptocurrency investments.
Yesterday, Bitcoin’s trading price reached nearly $69,000 on most cryptocurrency exchanges, but then suddenly plummeted, sparking severe fears among investors.
In the recent Bitcoin trading price correction, top fund manager BlackRock purchased 6,000 BTC.
Interestingly, today the total trading volume of Bitcoin spot ETF products has reached $10 billion. This fact demonstrated the level of madness among large-scale Bitcoin traders.
One cryptocurrency analyst shared his opinions and suggestions to all Bitcoin investors and suggested they do nothing. He said that Bitcoin trading prices are in a phase where they are expected to fall, but they should be careful because after that they will rise for a long time.
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