Price and Value of Bitcoin Completely Decoupling, Says Morgan Creek’s Anthony Pompliano

Morgan Creek Digital co-founder Anthony Pompliano is assessing the state of Bitcoin (BTC) after the top crypto asset by market cap lost two-thirds of its value since reaching a new all-time high last November. He says Bitcoin’s price drop represents a divergence from its actual value because the underlying fundamentals remain strong. At time of writing, Bitcoin continues its slide and is down another 4.5% over the last 24 hours to $21,942. Just a week ago, BTC was trading above $31,000 and is now trading at $23,000. At some point fundamentals and the value of Bitcoin will meet price, he says, "The question is just where and when that happens" He concludes by offering insights into how wealthy mainstream investment firms sell their riskiest assets Source