Anthony “Pomp” Pompliano — co-founder of crypto asset management firm Morgan Creek Digital Assets — predicts bitcoin (BTC) will hit $100,000 by the end of 2021.

In an interview with BloxLive.tv on July 2, he said the basic principle behind his forecast was classic supply-demand economics — still valid for the innovative digital asset class.

One of the largest drivers of continued price appreciation will be bitcoin’s halving when mining rewards will be reduced by half — in May 2020, he said.

This article first apear on CoinTelegraph.com