Anthony “Pomp,” Says Next 18 Months is Going To Be Pivotal For Bitcoin, Perfect Storm is Coming
Anthony Pompliano from Morgan Creek who also hosts a popular podcast “Off the Chain” where he discusses major breakthroughs and market behavior of cryptocurrencies. Pomp is a big-time Bitcoin bull and during one of his recent interviews with Boxlive TV, he said that the next 18 months are going to be very crucial for Bitcoin. He also went on to say that the next 18 months would be epoch-defining for the pioneers of the cryptocurrency space.
Pomp explained that the reason behind his predictions is the plethora of development works lined up on the Bitcoin blockchain which would be a defining factor for the global economic sector. Pomp said that several factors have aligned perfectly to give Bitcoin the necessary push to make a mark in the mainstream financial sector.
Pomp went on to list several crucial factors which would add to the uprise of Bitcoin in the global economy, be it trade war tensions between the United States and China or the scheduled Bitcoin halving in the first quarter of 2020 or the dovish policies of central banks around the globe.
“Over the next 12 to 18 months, we are going get a perfect storm for bitcoin. There are a number of events that are going to happen at the same time. Central banks will be forced into some interest rate cuts, maybe some QE. These events [will] ultimately drive Bitcoin into an ultra-bull case.”
Many financial analysts echoed the same concerns with the current financial sector and believe that all these factors combined would lead us to another financial crisis. And, bitcoin is perfectly poised to ride on this economic wave to break out as a key entity in the financial world.
Central Banks Around The Globe Are Gearing up For Digitized Future
When Bitcoin came into the center of attention with its phenomenal rise in 2017, many financial institutions and central banks around the globe were quite critical about Bitcoin. However, just after a year and a half, the majority of these financial institutions have come around to realize the potential in cryptocurrencies. Be it JP Morgan or Bank of Japan or the European Central banks, all of them are looking to incorporate blockchain based digital financial system in their operations to gear up for the upcoming financial crisis.
Bitcoin came into existence only after the financial crisis of 2008 and a decade later when the central banks around the globe continue to fall due to their foul policies, Bitcoin is only going stronger. With another financial crisis looming on our heads, Bitcoin and the underlying technology of Blockchain have given us the hope to surpass this crisis.