Paypal to offer Cryptos by early 2021 – Nairametrics

Paypal to offer Cryptos by early 2021 – Nairametrics

Popularly known Crypto hedge fund manager and co-founder of Morgan Creek Digital Assets, Anthony Pompliano, recently revealed some key strategies on how the world’s flagship crypto, Bitcoin, could reach $225,000 by 2021.

In his most recent letter to investors, the hedge fund manager outlined key fundamentals that may trigger such price action in the not too distant future by saying:

“The average investor fears inflation right now, regardless of whether we actually see that inflation or not. This fear has driven significant capital flows into inflation-hedge assets (Gold, Bitcoin, Real estate, etc). The combination of the Fed’s asset price manipulation and inflation fears have driven gold and Bitcoin to drastically outperform equities and other commodities.

READ: UK court receives $200 million bank guarantee from Nigeria

“Let’s first look at the demand side of the equation. The macro-environment is serving as a tailwind. Bitcoin is up more than 50% year-to-date. The continued 0 rate environment and QE will continue to drive demand. Additionally, we are seeing traditional asset management firms start to make the leap into owning Bitcoin.


onebank728 x 90onebank728 x 90


GTBank 728 x 90GTBank 728 x 90

“Fidelity Investments recently published a paper showing a positive impact for 1%-5% Bitcoin allocation in clients’ portfolios. Stone Ridge ($10B asset manager) now owns $115M in Bitcoin.

READ: Uniswap biggest DeFi Crypto Exchange

“Paul Tudor Jones publicly revealed that he has put 2% of assets into Bitcoin. Multiple public pensions in the US have now gained exposure to Bitcoin via fund managers. Grayscale, the largest digital asset investment manager, saw record inflows of $1B+ in 3Q20 and now has almost $6B in total AUM.”

<!– /21634543682/234989245

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1551965966658-0’); });


GTBank 728 x 90GTBank 728 x 90

Why it matters: The world’s economy now looks to be heading toward the insolvency phase, meaning that crypto traders, and global investors are now wary that pre-COVID-19  global economic growth will take longer than anticipated, thereby leading popular companies to hedge against currency devaluation and inflation via investing in digital assets like Bitcoin. Coupled with the bias, there is a fixed amount of BTCs to satisfy the huge appetite prevalent in institutional investors.

READ: 3 Tron investors transfer 719,000,000 cryptos

Anthony Pompliano also gave key insights on why bitcoin’s high demand, in spite of its fixed amount of supply, might just signal the push in price value next year. He said:

“This increase in demand is just starting in my opinion. We can list all of the leading, forward-thinking firms in only two paragraphs. Eventually, their peers will join them. The demand outlook is strong, and it shows signs of actually accelerating into the first half of 2021.

READ: Publicly traded companies own 601,000 Bitcoins, gain $500 million

<!– /21634543682/Zenith_Bank 320×100

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1550847485533-0’); });

Zenith bank | USSD codeZenith bank | USSD code

UCAP adsUCAP ads



Jaiz bank adsJaiz bank ads

“More than 60% of all Bitcoin in circulation today have not changed hands in the last 12 months. This means that the majority of Bitcoin investors stomached multiple double-digit price movements, both up and down, and continued to hold the asset.

<!– /21634543682/23188292 Coronation research 250×250

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1547804578915-0’); });


<!– /21634543682/23188292

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1566897562319-0’); });




first bankfirst bank


Fidelity adsFidelity ads

READ: Ethereum robber transfers $1.5 million worth of Crypto

“You could evaluate this situation as (a) demand is increasing significantly, (b) the supply shock is making Bitcoin more scarce, and (c) the available float is much smaller than people actually realize. This framework leads me to believe that we are going to see a violent upward movement in the Bitcoin price by the end of 2021. My base case is approximately 10x to $100,000 and the bull case is around $250,000 per Bitcoin.”


Share this post

Post Comment