According to J.P. Morgan, the change of generations plays into the cards in the long run, while Anthony “Pomp” Pompliano shows his oracle qualities to the best. Bitcoin (BTC) exchange rate is gradually making its way towards $ 12,000. A 24-hour plus of 3.4 percent promotes the crypto currency No. 1 to currently 11,695 US dollars. On a weekly basis, the Bitcoin rate posted an increase of 5.4 percent.
Market situation remais bullish
The overall market situation remains bullish. The recent rally in the leading cryptocurrency inflates the overall market toward $ 387 billion. In addition, the green candles are burning on most altcoins, which increases the chances of a longer-lasting upward trend in the overall market. Last but not least, macroeconomic factors such as the expansive monetary policy of the central banks encourage investors to flee to inflation-protected asset classes such as gold, silver and digital gold: Bitcoin.
Against the background of demographic change, the statement by Anthony “Pomp” Pompliano, co-founder of Morgan Creek Digital, may also be explained. In an interview with podcaster Peter McCormack, Pomp predicted a dizzying Bitcoin rate of 400,000 US dollars. The Milkmaid’s Bill: If Bitcoin replaces gold in the long term, the market capitalization, currently around $ 8 trillion, will transfer from gold to Bitcoin. If you spread this amount over the total amount of all 21 million Bitcoin, minus the estimated amount of lost Bitcoin, the exchange rate is – pi times thumb – of $ 400,000.