Anthony Pompliano Approves Spot Bitcoin ETF
  • Pompliano said the underlying fundamentals of Bitcoin have strengthened.
  • He expects the Spot Bitcoin ETF to be a meaningful catalyst for BTC.
  • Bitcoin is currently up a whopping 85% since the beginning of the year.

Anthony Pompliano agrees that while Bitcoin may experience friction in the short term, he remains bullish on digital assets in the long term.

Pompliano Shares His Views on Bitcoin

The founders of Pomp Investments are positive as the underlying fundamentals associated with the world’s largest cryptocurrency by market capitalization are improving.

Bitcoin has anti-fragility. Hashrate is expected to reach an all-time high. Adoption rates are expected to hit a record high. People recognize the value and are putting all kinds of capital into the network.

The total supply of bitcoin is set to halve in April 2024, which has historically triggered price increases.

At the time of writing, BTC is already up about 85% since the beginning of the year.

Spot Bitcoin ETF Coming Soon?

Pompliano is also confident that the U.S. Securities and Exchange Commission will eventually approve spot Bitcoin ETFs, which is likely to be an additional tailwind for cryptocurrencies.

His comments follow a recent wave of filings for exchange-traded funds, or ETFs, as regulators already call them. Not enough. Still, Pompliano said on CNBC today.squawk box”:

It’s a more formal little detail. We are watching Wall Street want access to BTC. So then, [spot bitcoin ETF] If that happens, a lot of people will put capital there.

He is particularly confident because among the notable companies that have recently applied for spot Bitcoin ETFs are: black rock The company has a history of choosing exchange-traded funds only when it believes it will get approval.

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