In an exclusive interview with Cointelegraph, Pumppe echoed the Bitcoin prediction he made in 2019. “He wants to be very aggressive. I am absolutely confident that Bitcoin will hit $ 100,000 by the end of 2021. ”

Combined with favorable macroeconomic conditions, Pompigliano sees the halving effect as one of the main motivating factors that could push Bitcoin towards this potential goal.

Pomp believes that a reduction in the supply of bitcoin, combined with increased demand from institutional investors, will push the price of bitcoin to new heights.

Although there are currently around 18.5 million bitcoins in circulation, he admitted that this number does not make up the majority of bitcoins that have not moved for a long time. This means that the actual available width is actually smaller.

“Bitcoins do not sell bitcoins,” he said.

When asked about the best strategy for investing in bitcoin, Bombe encouraged beginners about “market time”. Instead, he recommended that the dollar value be the smartest and most profitable way to invest in bitcoin.

“Calculating the average dollar value is a very popular and free economic method because it works,” he said.

Source: CoinTelegraph