Both Prominent Bitcoin Contributors Anthony Pompliano, Jimmy Song Never Been More Bullish on BTC’s Future
- While Song is extremely optimistic about BTCs future prospects, he sees “little to no value” in other digital assets such as ETH, BCH, EOS, XRP.
- Pompliano recently appeared on CNBC along with crypto-skeptic Kevin O’Leary to talk about BTCs future financial upside.
In this regard, it should be pointed out that over the course of the past couple of months, BTC has been surging — with the currency recently breaking past its $8k resistance barrier after stooping to a relative low of around $3,000 late last year.
Additionally, since the start of 2019, a number of analysts including Max Keiser, Mike Novogratz and John McAfee have also pointed out that the flagship crypto asset’s technical indicators are extremely strong at the moment— as a result of which, the future of the digital currency looks really good.
More on the Matter
As per a recently released tweet by Anthony ‘Pomp’ Pompliano, the crypto savant was quoted as saying that the fact that trading volumes on CME and other crypto exchanges “have continued to rise” (despite bearish conditions persisting all through last year) shows us that the global investor community at large is finally warming up to this nascent asset class.
Additionally, he also pointed out that due to the ongoing trade war between the US and China, more and more Asian investors were now buying BTC so as to hedge their funds against the sliding Yuan.
I’m more bullish on Bitcoin today than I have ever been.
— Pomp 🌪 (@APompliano) May 23, 2019
Pomp’s enthusiasm is shard by BTC developer Jimmy song, who also noted that Bitcoin’s recent surge of 120% (since the start of 2019) shows that the premier cryptocoin is still the alpha of this burgeoning domain.
With that being said, Song did add that while investing in BTC made complete sense to him, he did not understand the point of “diversifying one's cryptocurrency portfolio”.
On the subject, Song was further quoted as saying:
“The reality of a cryptocurrency and its related investments is in the code which, unfortunately, is very dense, hard to read and impossible to understand for a large number of people,”
In closing out this piece, we should mention that a number of analysts are of the belief that the 2019 bull season could very well mirror the workings of the 2017 market — a time when the crypto sector as a whole experienced a massive monetary surge.
Are altcoins about to make a comeback? pic.twitter.com/rzD1xliV4l
— Binance Research (@BinanceResearch) May 21, 2019