Responding to latest social media criticism, longtime Bitcoin (BTC) advocate Anthony Pompliano says BTC confirmed him that price predictions are a idiot’s sport.
Pompliano, who co-founded funding agency Morgan Creek Digital, just lately obtained backlash from some members of the crypto neighborhood for eradicating Bitcoin from his Twitter bio amid the highest crypto asset’s present price woes.
Pompliano additionally eliminated the laser eyes – an emblem of bullishness on BTC – from his Twitter profile image, after years of vocally supporting the asset and issuing large Bitcoin price predictions.
Laser eyes, gone.
Bitcoin in bio, gone.
Pretty quickly he’ll be tweeting about dividend shares pic.twitter.com/o5PdBZG9m0
— ?????????????? ? ?? (@BusinessFamous) September 8, 2022
Pompliano, nonetheless, denies that he has modified his thoughts about BTC.
“The reality is that I haven’t modified my thoughts on something. Not solely do I nonetheless have deep conviction in Bitcoin and its future potential, however I’ve additionally been shopping for extra Bitcoin, each personally and professionally, over the previous couple of months.
While my conviction in Bitcoin is deeper than ever, there are a selection of issues which have modified although.”
The investor notes that BTC will “humble anyone.”
“In June 2019, with Bitcoin sitting around $12,000, I predicted that the asset would rise to $100,000 within 2.5 years. Rather than the ~8x increase, Bitcoin only went up ~6x in that time frame. Some people would argue that the difference doesn’t matter, but at the end of the day 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 to humble me.”
At time of writing, Bitcoin is swapping palms for $21,300, up over 10% on the day.
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