Morgan Creek Founder: Bitcoin Could Dive Below $3,000
Anthony Pompliano, the founder of crypto investment company Morgan Creek, thinks that it too early to speak about another bull rally, as BTC price could fall even below $3,000. In CNBC interview Anthony Pompliano said, that it is not the right time to speak about bulls coming back. He thinks BTC price bottom lies below $3,000. In the short term, Pompliano sees market goes to that mark and lower.
Some of Pompliano's predictions have come true. In November, he predicted BTC could drop to $3,000. On some exchanges, the price has struck this point during the collapse peaks.
After that, a slight recovery returned to the market. According to CoinGecko, by mid-December Bitcoin price rose to $4,264. But the price could not found support there and dropped again. At the time of publication, BTC price is holding at around $3,730.