Pompliano: The likelihood of a significant fall in Bitcoin in Q1 of next year is very low.

On December 24, cryptocurrency entrepreneur Anthony Pompliano believes that Bitcoin's failure to experience an exciting price big pump at the end of this year may actually be a factor in avoiding a severe big dump in the first quarter of next year. In an interview with CNBC, Pompliano pointed out that based on the current volatility levels, the likelihood of Bitcoin experiencing a significant fall is very low. He stated, “Given the current volatility, it would be very surprising if Bitcoin experienced a 70% or 80% big dump under circumstances where volatility has already compressed significantly.” He believes that the short-term disappointment of Bitcoin holders regarding the asset's failure to reach the $250,000 target this year overshadows its stronger long-term performance. “We must remember that Bitcoin has risen 100% in two years and nearly 300% in three years. It has been growing with compound interest,” Pompliano said, “It has always been a 'monster' presence in the financial market.” Pompliano noted that the decline in its volatility has largely been ignored compared to the market's focus on Bitcoin's price drop since the beginning of the year. “We did not see the anticipated 'big pump peak' at the end of the third quarter or the beginning of the fourth quarter, but similarly, we also did not see the kind of big dump of up to 80% that people usually expect.”