Anthony Pompliano, the Bitcoin (CRYPTO: BTC) bull and co-founder of Morgan Creek Digital, faced a turning point in 2022 when his cryptocurrency predictions failed to materialize as he had hoped.
Known for his bold statements, Pompliano, who is a keynote speaker at Benzinga’s Future of Digital Assets event on Nov. 19, had previously forecasted Bitcoin reaching $100,000 within 2.5 years when it was sitting around $12,000 in June 2019.
When the asset only rose sixfold rather than his anticipated eightfold, he admitted that “price predictions are a fool’s game.”
Reflecting on his experience, Pompliano stated, “Bitcoin helped to humble me.”
Despite these moments of humility, Pompliano asserted that his conviction in Bitcoin’s potential remained stronger than ever.
“The truth is that I haven’t changed my mind on anything,” he said, adding that he continued to buy Bitcoin, both personally and professionally.
However, his self-professed lesson on the unpredictability of the market didn’t keep him away from making further predictions.
Back At It: Pompliano’s Renewed Optimism In 2023
By 2023, Pompliano was back to promoting a bullish outlook for Bitcoin.
He joined CNBC’s “Last Call,” declaring that Bitcoin and the crypto industry “is not going anywhere.”
Drawing on his experience with Bitcoin’s historical crashes, he expressed confidence in the industry’s resilience and the likelihood of a market recovery. …
Full story available on Benzinga.com