Anthony Pompliano, author of the Pomp Letter, discusses the recent price action of Bitcoin with Daniela Cambone.
Earlier this week, the cryptocurrency slipped 10% in two days to fall below the $32,000 level for the first time since Jan. 11.
The total market value of all cryptocurrencies shed more than $100 billion in the span of 48 hours. But he responds, “relax and zoom out,” adding he rarely checks the price.
Later, Pompliano shares his forecast and why $1 million dollar Bitcoin is not out of the question.
He also weighs in on the recent regulatory bodies cracking down on Bitcoin and the likelihood of central banks adding Bitcoin to their coffers.
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