Pomp: Bitcoin At $50k Is Incredibly Undervalued

Share:

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on reddit
Share on telegram
Share on tumblr
Share on vk
Share on whatsapp
Share on email
Share on digg
Share on mix
Pomp: Bitcoin is incredibly undervalued

Pomp: Bitcoin At $50k Is Incredibly Undervalued

Morgan Creek Digital founder Anthony Pompliano, Pomp, says even at $50,000 ‘Bitcoin is incredibly undervalued.’

Pomp was speaking on CNBC last night as Bitcoin (BTC) smashed through the psychological barrier. And the popular podcaster said with the unprecedented amount of printing going on every money manager was now scouring the globe looking for a new place to park their money.

‘Bitcoin at 50,000 is incredibly undervalued, given what we’re looking at,’ said Pomp. ‘They have printed an unprecedented amount of money. After this next $1.9 trillion, 40% of all the dollars in circulation will have been created in the last 12 months. Just unpresedented level of quantitative easing.’

‘So that has forced retail investors, financial institutions, and now corporations to scour the globe, looking for: Where do they protect their wealth? Where do they put dollars to ensure they are protected?’

Bitcoin is incredibly undervalued says Anthony Pompliano

Pomp, who gave a “conservative” $1 million price prediction recently, had the answer to his rhetorical question, saying ‘Bitcoin is one of, if not the best solutions for that problem.’

The problem for the biggest institutions, however, is even though Bitcoin is undervalued, most of the big money still think it’s too insignificant and/or volatile to deal with. But as the Bitcoin market grows so will the inflows.

An Avalanche Of Money On Its Way Into The Bitcoin Market

Bitcoin’s total market value now exceeds $956 billion to date, and while it was previously dismissed by big money managers, it is now being recommended, helping it gain a strong foothold in the financial mainstream.

This latest ascent coincides with increasing interest from large institutional investors, who Pomp says are ready with an avalanche of money ready to pour into the Bitcoin market.

Bitcoin Maximalist Shop

‘I think what we’re going to continue to see is this wall of money… I say not wall, it’s an avalanche of money coming into the market,’ said Pomp vindicating his opinion by citing unshakable Bitcoiners hodling through wild ups and downs.

‘The key piece to the whole thing that people have to understand is: from a market structure standpoint is Bitcoiners are not selling their Bitcoin,’ said Pomp. ‘60% of all Bitcoin has not moved in the last 12 months. That includes hundreds of percent of upside, that also includes a single day of 50% drawdown.’

Of course, there are people willing to sell, but the demand for Bitcoin is far outstripping those wanting to enjoy their gains, and Pomp says the only outcome will be that BTC to USC will have to ‘appreciate rapidly’.

‘Bitconers are not selling, so the only thing that can happen is when these large dollars come into the space looking to buy Bitcoin, the US dollar price has to appreciate rapidly to accommodate everyone. And I think that’s what we’re seeing play out right now.’

HODL Bitcoin BTC

Wait Until Corporate FOMO Kicks In

At $50k Bitcoin is undervalued.

A verifiably scarce bearer asset that can’t be manipulated, and is built into a programmable protocol that facilitates instantaneous transactions with no need for third party verification is unbelievably valuable, especially in this economic climate.

2021 was touted as the year of the institutions, Covid ramped that narrative up a notch and Michael Saylor has been a perfect salesman for Bitcoin since publicly entering the space in August 2020.

Bitcoin is valued at over $50,000, 11 months after it crashed to $4,500. And thanks to the economic scenario playing out, the very scenario Bitcoin was design to fight against, corporations, and dare I say it sovereign states are coming to realize Bitcoin is the perfect place to hedge against monetary manipulation.

From MicroStrategy to Tesla, and whoever else we don’t know about, yet, big money is starting to enter the Bitcoin market, and they are demanding this undervalued Bitcoin.

And the bigger the Bitcoin market cap gets the corporate FOMO will continue to kick in, and we’ll soon think $50k would have been a steal.

Paxful Bitcoin marketplace

Share:

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on reddit
Share on telegram
Share on tumblr
Share on vk
Share on whatsapp
Share on email
Share on digg
Share on mix
Bitcoin(BTC)
$56,825.00(24H Vol)
$42,525,688,520.00
7D Chart

Bitcoin Maximalist is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon .com