Written by 8:02 pm Bitcoin

Bitcoin Veteran Anthony Pompliano Disavows Crypto Price Predictions After Incorrect $100,000 BTC Forecast

Responding to recent social media criticism, longtime Bitcoin (BTC) advocate Anthony Pompliano says BTC showed him that price predictions are a fool’s game.

Pompliano, who co-founded investment firm Morgan Creek Digital, recently received backlash from some members of the crypto community for removing Bitcoin from his Twitter bio amid the top crypto asset’s current price woes.

Pompliano also removed the laser eyes  – a symbol of bullishness on BTC  – from his Twitter profile picture, after years of vocally supporting the asset and issuing huge Bitcoin price predictions.

Pompliano, however, denies that he has changed his mind about BTC.

“The truth is that I haven’t changed my mind on anything. Not only do I still have deep conviction in Bitcoin and its future potential, but I have also been buying more Bitcoin, both personally and professionally, over the last few months.

While my conviction in Bitcoin is deeper than ever, there are a number of things that have changed though.”

The investor notes that BTC will “humble anyone.”

“In June 2019, with Bitcoin sitting around $12,000, I predicted that the asset would rise to $100,000 within 2.5 years. Rather than the ~8x increase, Bitcoin only went up ~6x in that time frame. Some people would argue that the difference doesn’t matter, but at the end of the day I was wrong. It was a great reminder that humans can’t predict the future and price predictions are a fool’s game. Bitcoin helped to humble me.”

At time of writing, Bitcoin is swapping hands for $21,300, up over 10% on the day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/IM_VISUALS/AtlasbyAtlas

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