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Anthony Pompliano Claims Bitcoin’s Fundamentals Are Strengthening, Community’s Opinions Split

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    Prominent crypto expert Anthony Pompliano tweets that BTC’s fundamentals are getting stronger, the community are arguing about the BTC hashrate in the discussion

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The partner and co-founder of the Morgan Creek Digital VC fund Anthony Pompliano often appears in CNBC shows to speak about Bitcoin as an investment asset or to try and convince old-school investors that BTC is worth working with.

Pompliano (often called simply Pomp) also records regular podcast interviews with big names in the crypto sphere. In his tweet earlier today, he stated that Bitcoin’s fundamental factors are getting stronger.

However, the community’s responses split, showing that not all crypto enthusiasts believe in Bitcoin’s positive future as the leader of the crypto market.

BTC hashrate is the major discussion subject

Different opinions came in the comment thread, with Bitcoin hashrate getting to be the main subject for discussion. One of the Pomp’s followers pointed out that Bitcoin’s hashrate has grown 8 times since the BTC all-time high back at the end of 2017.

Some disagree, though, saying that, in their view, hashrate is a thing of the past.

Image by Twitter
Image by Twitter

An XRP fan pointed out that Bitcoin has  more drawbacks than advantages compared to other crypto, including the fact that verification of transactions on the BTC chain are slow and can take a long time to settle.

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Pomp suggests McDonalds should take BTC

On Wednesday, Anthony Pompliano posted a massage on his Twitter page, trying to see how many of his followers agree that McDonald's should start taking Bitcoin.

The discussion in the comment thread was long enough but XRP fans insisted that McDonald's should accept a faster crypto, like XRP, since Bitcoin transactions are too slow and the food would get cold while they are getting confirmed.

Earlier, it was reported that McDonald’s rival Burger King in Germany is about to start accepting BTC.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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