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Crypto Expert Anthony Pompliano Says Bitcoin Keeps Getting Stronger Despite BTC Price Fluctuations

  • Yuri Molchan
    📰 News

    As Bitcoin market dominance reaches 70 percent, the crypto expert and investor Anthony Pompliano tweets that BTC dominance keeps getting stronger

Crypto Expert Anthony Pompliano Says Bitcoin Keeps Getting Stronger Despite BTC Price Fluctuations
Cover image via www.youtube.com
Contents

On September 3, the co-founder of the Morgan Creek Digital investment fund, Anthony Pompliano, tweeted that the market dominance of Bitcoin has reached the 70-percent level.

He stated that the most dominant coin in the market is getting stronger, despite the recent fluctuations.

John McAfee is another permanent Bitcoin bull that believes in the ultimate BTC price surge no matter what. Recently, when the Bitcoin price went down and dipped below the $10,000 mark, McAfee twice urged his followers to stay calm and not to pay attention to brief fluctuations of the asset’s price.

The community does not believe in altcoins

Some members of the crypto community took Pompliano’s tweet as offence against altcoins. Besides, in one of his recent tweets ‘Pomp’ indeed made a prediction that all altcoins would eventually die.

Others have taken Pompliano’s side regarding altcoins.

Image by Twitter
Image by Twitter

As expected, Bitcoin investors only welcome it when the Bitcoin dominance in the market will increase higher than the current 70-percent level.

Image by Twitter
Image by Twitter

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‘XRP is ready to blast off’ soon

As a counter argument to Pompliano, a Twitter user @CryptoWelson offers a screenshot of a chart that shows that XRP is going to show a massive rise at some point this year.

Pompliano suggests Satoshi should get a Nobel Prize

Earlier today, Anthony Pompliano went as far as suggesting that the mysterious Bitcoin creator, Satoshi Nakamoto, should be granted a Nobel Prize for inventing a global currency that proves its status without engaging people in wars with each other.

The community did not take this statement enthusiastically, though.

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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

  • Yuri Molchan
    📰 News

    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’

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