“Bitcoin will be in the portfolio of every institutional investor”

The well-known cryptocurrency enthusiast and co-founder of Morgan Creek Digital Anthony Pompliano said that in the end, bitcoin will be included in the portfolio of each institutional investor.

In an interview with CNBC, Anthony Pompliano emphasized that every week the infrastructure around Bitcoin and other cryptocurrencies is growing and developing, which means that cryptocurrency markets are becoming more popular. Including the investor recalled that the bitcoin hashrate has repeatedly set records this year. He did not forget about the September launch of the Bakkt platform for institutional investors.

“The more infrastructure is built, the greater the likelihood that cryptocurrencies will not go anywhere. We are at a turning point, which will show whether Bitcoin will remain forever. In the end, he will take a place in the portfolio of each institutional investor, ”said Pompliano.

At the same time, the co-founder of Morgan Creek Digital noted that in the short term, the bitcoin exchange rate may decline. This is facilitated by the actions of regulators, the still low prevalence of bitcoin and low awareness of it. Equally important, the very process of buying the first cryptocurrency is still quite complicated.

Recall that in early July, Anthony Pompliano predicted that by 2021 the price of bitcoin would reach $ 100,000. Then he said that he was 75% sure of his forecast.