Home / Ripple / Anthony Pompliano predicts Bitcoin Plunge, Ripple Tackles xRapid and XRP Expansion, and BitMEX CEO expects Ethereum to return

Anthony Pompliano predicts Bitcoin Plunge, Ripple Tackles xRapid and XRP Expansion, and BitMEX CEO expects Ethereum to return

The founder of the encrypted investment company Morgan Creek Digital Assets claims to believe that the price of Bitcoin will soon fall below $ 3,000.

"In the short term, I actually think we have even less way to go," Anthony Pompliano told CNBC Squawk Box in a new interview.

Pompliano also says that he is not in agreement with analysts who see a correlation between the performance of FAANG titles (Facebook, Apple, Amazon, Netflix and Google) and the cryptocurrency.

"Bitcoin is definitely an unrelated asset, and if we look at the correlation between the digital asset and the S & P 500 over the last 180 days, it's zero.If you look at it against the dollar index, it's close to zero, so I think it's shown that it's not related, and we expect it to continue. "

Meanwhile, Ripple states that it is focusing on the adoption of xRapid and XRP in 2019.

In a new episode of The Ripple Drop, Ripple's senior vice president of product Asheesh Birla talks about the commercial launch of xRapid, which uses XRP to enhance cross-border payments.

"One of the really exciting things about xRapid is that we not only technically made the launch of the product, but we got it live in Mexico, and we got it in the Philippines too, so we want to take xRapid to multiple corridors. We are observing which specific corridors have the regulatory clarity we need, but we also solve a big sore point for our customers ".

Finally, the CEO of BitMEX, Arthur Hayes, claims to believe that the ICO market will return to life in 18 months or less.

In a new interview with Cointelegraph Japan, Hayes states that the return of the ICO market will result in an increase in the price of Ethereum.

"Once there are new problems, then Ether will bounce aggressively.When the ICO market returns, Ether will quickly test $ 200. The timing of the ICO rebirth is 12 to 18 months."

Hayes also believes that investors will be attracted to security tokens next year, although he believes the STOs are ultimately "nothing new".

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Disclaimer: the opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and operations are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital assets, nor The Daily Hodl is an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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