The founder of Morgan Creek Anthony Pompliano expressed the opinion that the bitcoin price will continue falling and will fall below $3 thousand With such a forecast he made in an interview with CNBC.
“I think in the short term bitcoin will continue to fall”, — said Pompliano.
Nevertheless, he believes that bitcoin will continue to grow and develop in the long term. The expert explained that cryptocurrencies are superior to traditional financial institutions for transparency. Pompliano, noted that bitcoin is not correlated with traditional asset markets and the shares of major companies — Facebook, Apple, Amazon, Netflix and Google.
Previously, Anthony Pompliano said that pension funds need to add bitcoin to their portfolios. He believes that a high yield of cryptocurrencies will help to resolve the pension crisis.