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Cyber Bitcoin reported that Anthony Pompliano, CEO of Morgan Digital Assets said that all signals, as often seen by bitcoinists, point to a multi-year rebound and bull market that Bitcoin could last for two to three years.

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His findings came from the strong performance of Bitcoin in recent weeks and months to completely overturn the price drop a year ago, from a low of $3,100 in January to a current $8,750 in less than five months. In an interview with CNBC, Pompliano advised investors to keep Bitcoin in their portfolio because it is a “non-related asymmetric return asset”.

Off the Chain's well-known podcasts point to more and more fundamentals supporting the return to the bull market theory, such as the increasing volume of exchanges on the exchange, and the fact that investors – both individuals and institutions – have transferred funds to cryptocurrencies.

The current trade tension between China and the United States, the two largest economies in the world, also shows that Bitcoin is a safe haven for value, with more funds invested. This is supported by Grayscale CEO Barry Silbert and others.

Pompliano says:

We guessed the bottom of the bear market, and now we have entered this market. I believe that we are entering a bull market that lasts for two to three years.

In order to emphasize his point of view, he also pointed out that more than three-quarters of Bitcoin has been excavated. As miners found that the bitcoin reward for each new block was cut in half by 2020, one year later, the bitcoin scarcity factor only increased.

Given that the price is now close to $9,000, Bitcoin is on the way to the price predicted by Pompliano and will continue to rebound for many years.


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