Anthony Pompliano, a well-known Bitcoin advocate, sees Bitcoin as a “supercharged” version of gold.
In a recent interview, the Pomp Investments founder pointed out that the weakening of the U.S. dollar favors both gold and Bitcoin, but he believes Bitcoin is likely to outperform due to rising interest and adoption. Comparing growth rates, he highlighted that Bitcoin’s gains have far outpaced gold and the S&P 500 over the last five years.
According to Pompliano, Bitcoin’s growth is unique because adoption began with individuals, spreading later to corporations and institutions like BlackRock and Fidelity.
He anticipates central banks might eventually join this trend, similar to their current 12% share in global gold reserves—a move he believes would boost Bitcoin’s price even further.
Pompliano also predicts people will increasingly rely on Bitcoin and stablecoins for wealth storage. He likened stablecoins to checking accounts and Bitcoin to a digital savings account, noting that most Bitcoin holders don’t move their funds, showing long-term confidence.
He added that on-chain data reveals over half of all Bitcoin hasn’t been moved in two years, even as its value tripled.
21Shares has decided to shut down its Bitcoin and Ethereum futures ETFs, with liquidation expected to take place by March 28.
On Friday, Bitcoin’s price surged toward the $84,000 level, briefly surpassing $85,000, lifting the spirits of the crypto community.
Binance Research, the investigative branch of the leading cryptocurrency exchange, has released an insightful new study about Bitcoin (BTC).
The possibility that Bitcoin may repeat its 2024 market behavior, where it consolidated after hitting a record price, is still on the table, according to Markus Thielen, 10x Research’s chief crypto analyst.