Posted 3 years ago | by Ben Armstrong

Morgan Creek Digital Co-Founder: Bitcoin Going to $55,000

Jason A. Williams, who is a co-founder and partner at Morgan Creek Digital fund, has cited a call by crypto analyst Anthony Pompliano, the BlanB crypto analyst, that says Bitcoin (BTC) prices are going to $55,000 USD next year.

At least that is the good news. The full call is that BTC prices are going to get cut in half before the big rally, which does make sense from a market psychology standpoint.

Low prices can attract buyers in any market, and there are a number of factors that could push BTC prices up substantially. The call from Pompliano cites stock-to-flow, and also past market performance. These factors are worth looking at, but there could be something else waiting in the wings for token prices.

Bitcoin isn't Fiat Currency

Most of the people that invest in cryptos may or may not be old enough to have had assets when the crisis of 2008 hit.

Some people think that BTC was developed as a result of the wild policy actions that central banks have been pursuing for decades, and it is hard to ignore the timing of BTC's introduction.

The simple fact is that in the wake of the subprime crisis, global central banks were willing to do anything to save the system.

What does this have to do with BTC prices next year?

Maybe a lot.

QE 4?

For those of you playing at home, the US central bank (FED) has been on a somewhat new path over the last decade or so.

That vision of the abyss in late 2008 was enough to convince it that literally issuing debt from nothing to buy (or accept as collateral, and then never return the received collateral to the original party) all sorts of debt, and that is basically the recipe that Dr. Gideon Gono used to create the Zimbabwean hyperinflation (ongoing).

It was called Quantitative Easing (QE), and the FED is now entering its fourth round of the experiment (QE4).

One of the things that could help BTC, Gold, and livestock scream higher in fiat terms is that the FED never successfully exited the stimulus program it entered into a decade ago, and in fact, just started creating even more money to influence asset prices.

BTC prices could very well be one of the asset's whose price is influenced by QE4, and if an inflationary train starts rolling, $55,000 USD per BTC is just as reasonable as $200,000...or whatever...

About Ben Armstrong

ef4f73e9ddeb61becab57469962fa946?s=90&d=blank&r=g Morgan Creek Digital Co-Founder Predicts Bitcoin is going to $55,000Ben Armstrong is a YouTuber, podcaster, crypto enthusiast, & creator of Better known as BitBoy Crypto, he works hard to educate and inform the crypto community.

Ben has been involved with the world of cryptocurrency since 2012 when he first invested in Bitcoin. He used Charlie Shrem's BitInstant & lost Bitcoin in the Mt. Gox hack.

In 2018, Ben decided to go "full-time crypto" and focus all of his time and energy into expanding the reach of crypto.

If you have any questions or comments please feel free to email him at or contact him on Twitter @BitBoy_Crypto.