{"id":12730,"date":"2024-04-19T12:11:18","date_gmt":"2024-04-19T09:11:18","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-faces-correction-before-potential-surge-to-100000-says-pompliano\/"},"modified":"2024-04-19T12:11:18","modified_gmt":"2024-04-19T09:11:18","slug":"bitcoin-faces-correction-before-potential-surge-to-100000-says-pompliano","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-faces-correction-before-potential-surge-to-100000-says-pompliano\/","title":{"rendered":"Bitcoin Faces Correction Before Potential Surge to $100,000, Says Pompliano"},"content":{"rendered":"<p>Bitcoin is expected to undergo a correction followed by a rise to $100,000 within 12\u201318 months, with the potential to reach $150,000\u2013200,000. This was stated by Anthony Pompliano, founder of venture firm Pomp Investments, during a CNBC broadcast.<\/p>\n<p><iframe loading=\"lazy\" width=\"770\" height=\"463\" src=\"https:\/\/www.youtube.com\/embed\/OfhuZ7iNimM\" title=\"Bitcoin can cross $100,000 in the next 12-18 months, says Anthony Pompliano\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;At the moment, the likelihood of a decrease is quite small. [\u2026] I don&#8217;t see any reason for the rate to drop below $50,000. I think we&#8217;ve already crossed that Rubicon,&#8221;<\/em> the entrepreneur stated.<\/p>\n<\/blockquote>\n<p>The expert attributed the sharp sell-offs on April 12\u201313 to a lack of fresh dollars due to bank closures and algorithmic reactions to international tensions.<\/p>\n<p>In an interview with Fox Business, Pompliano noted that Bitcoin&#8217;s monetary principles will make the asset more attractive, especially after the upcoming halving of miner rewards.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Despite all the volatility, Bitcoin is up 8x since the last halving.<\/p>\n<p>Ignore the noise of short-term price movements.<\/p>\n<p>Sound money principles in digital form has been valued at more than $1 trillion by investors globally. <\/p>\n<p>Great to join <a href=\"https:\/\/twitter.com\/cvpayne?ref_src=twsrc%5Etfw\">@cvpayne<\/a> today on Fox Business. <a href=\"https:\/\/t.co\/jMIJjeLDTR\">pic.twitter.com\/jMIJjeLDTR<\/a><\/p>\n<p>\u2014 Pomp ? (@APompliano) <a href=\"https:\/\/twitter.com\/APompliano\/status\/1780325549140848924?ref_src=twsrc%5Etfw\">April 16, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;After the previous halving, the first cryptocurrency increased eightfold despite volatility. Name any other asset that has shown such high performance over a four-year cycle,&#8221;<\/em> he pointed out.<\/p>\n<\/blockquote>\n<p>Pompliano recommended buying gold for those seeking protection against a downturn, and the first cryptocurrency for those looking to increase their purchasing power.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The digital version of a product is always bigger and more valuable than the analogue. Thus, Bitcoin will one day become more valuable than precious metal,&#8221;<\/em> he predicted.<\/p>\n<\/blockquote>\n<p>The expert disclosed that he has invested about half of his personal funds in the first cryptocurrency.<\/p>\n<p>In 2023, Pompliano described Bitcoin as the most disciplined central bank in the world.<\/p>\n<p>Earlier, experts highlighted the importance of maintaining the $60,000 support level for the digital gold&#8217;s price.<\/p>\n<p>Coinify CEO Rikke Staer suggested that Bitcoin&#8217;s price dynamics post-halving will follow the &#8220;buy the rumour, sell the fact&#8221; principle.<\/p>\n<p>Back in April, in honour of the halving, the ForkLog team held the AllTimeHalf 2024 online forum featuring developers, entrepreneurs, enthusiasts, and visionaries. Recordings are available on the <a href=\"https:\/\/www.youtube.com\/@forklog\">YouTube channel<\/a>.<\/p>\n<p>We also recommend exploring the event-related research by CoinGecko and Binance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is expected to undergo a correction followed by a rise to $100,000 within 12\u201318 months, with the potential to reach $150,000\u2013200,000. This was stated by Anthony Pompliano, founder of venture firm Pomp Investments, during a CNBC broadcast. &#8220;At the moment, the likelihood of a decrease is quite small. [\u2026] I don&#8217;t see any reason [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1509,1146],"class_list":["post-12730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-anthony-pompliano","tag-cryptocurrency-market-forecasts"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=12730"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12730\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/12729"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=12730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=12730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=12730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}