CoinVoice has recently learned that cryptocurrency entrepreneur Anthony Pompliano believes that Bitcoin's failure to show an exciting price surge by the end of this year could actually be a factor in avoiding a severe drop in the first quarter of next year. In an interview with CNBC, Pompliano pointed out that based on the current level of volatility, the likelihood of a significant drop in Bitcoin is very low. He stated, "Given the current volatility, if Bitcoin were to experience a 70% or 80% drop while volatility has already compressed significantly, that would be very surprising." He believes that the short-term disappointment among Bitcoin holders regarding the asset's failure to reach the annual target of $250,000 has overshadowed 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 compounding all along," Pompliano said, "it has always been a 'monster' in the financial markets." Pompliano noted that the decline in its volatility has largely been overlooked compared to the market's focus on the price drop since the beginning of the year. "We did not see the anticipated 'surge peak' at the end of the third quarter or the beginning of the fourth quarter, but likewise, we did not see the kind of drop up to 80% that people usually expect." [Original Link]

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