Bitcoin Veteran Anthony Pompliano Dismisses Crypto Price Predictions After Wrong 100,000 BTC Forecast
In response 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 today’s crypto asset price woes.
Pompliano also removed the laser eyes – a symbol of bullishness on BTC – from his Twitter profile picture, after years of vocal support for the asset and issuing huge Bitcoin price predictions.
Laser eyes, gone.
Bitcoin in bio, gone.
Pretty soon he’ll be tweeting about dividend stocks pic.twitter.com/o5PdBZG9m0
— ??????????????? ? ?? (@BusinessFamous) 8 September 2022
However, Pompliano denies that he has changed his mind about BTC.
“The truth is, I haven’t changed my mind about anything. Not only do I still have deep convictions about Bitcoin and its future potential, but I’ve also bought more Bitcoin, both personally and professionally, in recent months.
Although my conviction about Bitcoin is deeper than ever, a number of things have changed.”
The investor notes that BTC will “humiliate anyone.”
“In June 2019, with Bitcoin at around $12,000, I predicted that the asset would rise to $100,000 within 2.5 years. Instead of the ~8x increase, Bitcoin only went up ~6x in that time frame. Some would argue that the difference doesn’t matter , but ultimately 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 humble me.”
At the time of writing, Bitcoin is changing hands at $21,300, up over 10% on the day.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered straight to your inbox
Check price action
Follow us on TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of 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
