Anthony Pompliano has once again lived up to his reputation as an unshakeable Bitcoin bull. After revising his 100K Bitcoin forecast in July, the co-founder of Morgan Creek Digital explained to CNN in August why he believes Bitcoin is an asset that is set to experience a tremendous increase in value in the foreseeable future.

Better than gold

The difference [to gold] is that at Bitcoin we know exactly how many bitcoins are created, so today 1,800 bitcoins are created. Secondly, we know the total volume available, which is 21 million. So it’s not like that: Hey, I wonder how much is in the earth. We know exactly how much it is, and we can actually go and check or verify the software code of the system, …

The monetary policy of the central banks also plays into the hands of Bitcoin’s share price development in the long term:

Whenever we come into recession or slow growth, the central banks have two instruments. They can lower interest rates, which they did only yesterday, and they can print money. And if they do both, it usually takes six to 18 months to actually feel the effect of these tools, …

The effects of the interest rate cut will coincide with the Bitcoin halving […]. And so we think that the rate cuts, the pressure of more money and the systematic structure of Bitcoin over a long period of time will lead to higher rates for Bitcoin.

Ex-Goldman-Sachs manager: Bitcoin has a market potential of 8 trillion US dollars

Macro investor Raoul Pal also sees enormous market potential in Bitcoin. In Stephan Livera’s podcast, Pal BTC sees a good chance of achieving a market capitalisation of over eight trillion US dollars. The risk-opportunity ratio so far clearly speaks for Bitcoin – as his macro colleagues also see it. Raoul Pal’s calculation: If only ten percent of the globally available capital were to flow into the alternative financial system Bitcoin, this would mean a capitalization of eight trillion US dollars.