Bitcoin’s Price Will Go Below $3,000, Anthony Pompliano Tells Mainstream Media

Bitcoin (BTC) still has “lower to go” despite its bull run to above $4,000 last week, Morgan Creek Digital Assets founder Anthony Pompliano told CNBC on Dec. 26. Speaking in an interview, Pompliano, who is also a frequent markets commentator on social media, became the latest figure to claim Bitcoin markets will only bottom out when the price drifts below $,3000. Since then, prices across the crypto markets have taken off, with Bitcoin hitting its monthly high of almost $4,300 before correcting downwards to circle $3,782 at press time. Some altcoins gained much more, with Bitcoin Cash (BCH) and Ethereum (ETH) more than doubling their respective USD values in days. Last week, veteran trader Tone Vays warned that a close below the 50-month moving average would take Bitcoin down to at least $1,300, the high point of its bull run in 2013. Asked whether Bitcoin’s price was “correlated” with traditional or FAANG (Facebook, Apple, Amazon, Netflix, and Google) stocks, Pompliano denied both assertions.