Motivation is up in the air in the crypto space, Bitcoin is firing on all cylinders to break every resistance on its way to the top. Anthony Pompliano, Co-founder at Morgan Creek Digital, shared the outstanding success BTC garnered in an unimaginable time interval.
Bitcoin is registering a host of achievements on the world’s stage, paving way for itself in becoming the currency of the future.
Bitcoin has always been compared to commodities like Gold. Arguments had risen a number of times concerning the utilities of Gold and Bitcoin, preferring the former to the latter in terms of physical durability.
Pundits believe more Gold can be mined physically if it goes out of reach. Some believe that Bitcoin (BTC) is limited to being digital asset, since it’s not a physical commodity.
An economist even ridiculously undermined Bitcoin (BTC) in a voluminous article, tagging it a feat commodity for gamblers and fraudsters. He itemised the hidden weaknesses of Bitcoin that unaware investors must know.
In the mist of all these challenges, Bitcoin (BTC) continues to thrive and proves doubters wrong. Its consistent surge in price makes some crypto analysts believe that the bear market is over.
At the time of filing this report, Bitcoin is trading at $8,737.72, with 0.16% price increase in the last 24 hours. BTC has clearly not seen a notable price surge since its last parabolic display, but experts are optimistic that its advancement is not negotiable.
Anthony Pompliano Highlights Bitcoin’s Success in Just 10 Quarters
Co-founder and Partner at Morgan Creek Digital, Anthony Pompliano, highlighted the growth and success attained by Bitcoin (BTC) within an unimaginable time intervals.
Pompliano is a diehard Bitcoin fan, famously known with his constant solidarity on social media, for BTC’s mainstream adoption.
In one of his tweets, he inferred that Bitcoin price has gained over 800% in under 3.5 years. An achievement meant for more than 8 years if 30 percent measure is applied.
Pompliano added that Bitcoin haters and disparagers will never apply such mathematical formula, but BTC will continue to outclass its contemporaries in the world of investment.
Read his statement below:
“Bitcoin is up over 800% in the last 10 quarters. It would take more than 8 years to deliver the same results if you were compounding money at 30% year-over-year. Detractors hate math, but Bitcoin continues to be the best investment of the last decade”.
In another development, Pompliano expressed fear over retail investors’ attitude whenever the price of Bitcoin sees slight drop, stressing that every business or investment faces difficulty at inception.
Conclusively, Bitcoin is settling a bit below $9,000. Would-be investors that hesitated to hodl when BTC price was far low wish BTC price drops, while those who already bought the bottom are looking for the next huddle to surpass.