Anthony Pompliano Plots Bitcoin (BTC) Rise to $275,000 – Plus Ripple and XRP, Ethereum, Tron, Litecoin, Stellar, VeChain
From three predictions on the future of Bitcoin to a big step forward for Ethereum, here’s a look at some of the stories breaking in the world of crypto.
Morgan Creek Digital founder Anthony Pompliano says he believes Bitcoin has more potential than any other asset worth $95 billion. In the next five years, he says BTC has a “realistic chance” of reaching $110,000 to $275,000.
Bitcoin is the only $95 billion market cap asset I have ever seen that has a realistic chance of a 20-50x increase in value over a 5 year period.
Sometimes the best trade is the simplest.
— Pomp 🌪 (@APompliano) April 22, 2019
Meanwhile, a new report from crypto research firm Delphi Digital points to a Bitcoin bottom. Delphi Digital’s founder, Tom Shaughnessy, says he believes BTC is heading for a new bull run that will be even larger than the last.
The last $BTC bull run was driven by hype around magical internet money
The next one will be driven by an actual macro based understanding of the benefits of a non-sovereign, capped, digital SoV bolstered by lightning ⚡️
The next bull run will be bigger 📈
— Tom Shaughnessy🦉 (@Shaughnessy119) April 17, 2019
On the opposite end of the spectrum, economist and crypto critic Nouriel Roubini told the Octavian Report he’s standing firm on his prediction that a new bull run is not in the cards.
“The peak of this bubble was 2017. At the beginning of that year Bitcoin was worth about $1,000. By the peak it was worth almost $20,000. During that year alone it went up by 20x. This had nothing to do with fundamentals. It was not becoming a bigger means of payment. It was not becoming a better unit of account. It was not becoming a more stable store of value. It was simply that suddenly there was a lot of buzz about Bitcoin.
Typical bubbles in the late stage become exponential because people – usually smaller retail investors – discover the bubble and buy in due to intense FOMO (fear of missing out). When you have insiders selling at inflated prices to outsiders who are clueless, that’s the peak of a typical bubble.”
Ethereum’s core developers are looking to finalize a blueprint for the platform’s proof-of-stake upgrade.
According to Ethereum Foundation researcher Justin Drake, specifications are set to be finalized by the end of June.
Ripple and XRP
Ripple’s hiring spree continues. The company is now hiring a project manager in London. It’s one of 59 open positions.
According to Ripple software engineer Nik Bougalis, the company is also adapting to the remote work revolution, and the entire XRP Ledger team telecommutes.
— Jim Chauncey-Kelly (@JChaunceyKelly) May 1, 2019
Litecoin creator Charlie Lee says he thought LTC was on its way to $1,000 in the last bull run. In a new interview on Anthony Pompliano’s Off the Chain podcast, Lee says he expected the price would soar much higher after he sold all of his coins at about $300.
“I actually personally did think it was going to keep going up. I didn’t think that was the peak…I thought it was going to hit $1,000.”
LTC reached an all-time high of $375.29 on December 19, 2017, according to CoinMarketCap.
The team at the Stellar Development Foundation has released a new software development kit for people and companies building on Stellar.
“[The package] provides client access to a Stellar Horizon server. It allows you to retrieve ledger information, either as one-time calls or as a continuously updating stream. You can find account balances, check the status of a transaction, or monitor in real-time new offers for an issued token. You can also submit transactions! The client fully supports all the REST endpoints exposed by the Horizon API.”
We've revamped our Horizon Go APIs and are excited to announce the release of our new Go SDK for the #Stellar network. We'll be making regular updates going forward. Read more in our developer blog: https://t.co/w6WZZ99393 pic.twitter.com/oxVvMLLoBR
— Stellar (@StellarOrg) May 2, 2019
VeChain has released a new turnkey solution for anyone who wants to utilize private key escrow services.
“This solution is available for independent deployment, once authorized by VeChain, enterprises and developers can build their own key escrow services based on the HSM Based Key Escrow Turnkey Solution to better serve their customers.”
VeChain’s CTO Jianliang Gu introduced the tech at the VeChain Summit 2019.
The Tron Foundation is launching a TRX treasure hunt. To join the search, users need to follow @Tron_JPN and @JPCointelegraph on Twitter and decipher three questions in this thread.
#TRON treasure hunt campaign, follow @JpCointelegraph and @TRON_JPN, and answer the questions through messaging @TRON_JPN, 5 winners will be selected to share 10000 #TRX equally. #TRX $TRX https://t.co/Htjj9kOLAA
— TRON Foundation (@Tronfoundation) May 2, 2019