Image
Image
27-29 May, 2025
Image 27-29 May, 2025

Las Vegas, NV

Skip to content
Subscribe
  • Home
  • Services
  • Video
  • Events
Subscribe

Reading

Pompliano Sees 300% Rise On the Horizon For Bitcoin
News Markets

Pompliano Sees 300% Rise On the Horizon For Bitcoin

Anthony Pompliano discussed Bitcoin's current status and future potential, emphasizing its dual role as both a risk-on asset and an inflation hedge.
Anisha Pandey
By: Anisha Pandey
Apr 02, 2024
3 min read
Pompliano Sees 300% Rise On the Horizon For Bitcoin

Anthony Pompliano, the founder of Pomp Investments, shared his perspective on bitcoin’s current state and future potential during a CNBC “Squawk Box” interview. Pompliano highlighted bitcoin’s unique position as both a risk-on asset and a hedge against inflation.

He underscored a significant milestone for bitcoin, achieving the highest weekly, monthly, and quarterly close before the halving event.

Anthony Pompliano Sees 300% Surge in BTC’s Price

Pompliano pointed out that historically, such milestones have preceded substantial appreciation in bitcoin’s value, citing instances where bitcoin appreciated at least 300% during bull markets following similar occurrences.

Addressing skepticism from Andrew Ross Sorkin regarding Bitcoin’s role as an inflation hedge in emerging markets, Pompliano referenced the popularity of Bitcoin in Nigeria but acknowledged that in some other developing countries, dollar-backed stablecoins are preferred due to massive inflation. 

Nevertheless, Pompliano argued that Bitcoin’s core value propositions remain compelling globally, serving as a hedge against economic instability or the declining purchasing power of the dollar.

He added:

“We just hit a really important milestone before the halving; we just had the highest weekly, monthly, and quarterly close for Bitcoin. The last four times that that’s happened, Bitcoin has appreciated at least 300% through the rest of the bull market.”

Increasing Inclination Towards Speculative Assets

The conversation delved into societal trends, with Pompliano noting the increasing inclination towards speculative assets amid economic uncertainties. He attributed this trend partly to the dollar’s declining purchasing power over the years.

“We have become a society of gamblers … why is that occurring? The dollar has lost 25% of its purchasing power in four years,” he said.

Matt Hougan, Chief Investment Officer of Bitwise Investments, echoed Pompliano’s sentiments in a recent memo to investment professionals. 

Hougan critiqued media sensationalism around bitcoin’s price movements and advised investors to focus on long-term investment principles rather than short-term gains. He emphasized upcoming events for Bitcoin, such as the halving and the potential approval of spot Bitcoin ETFs by major financial platforms.

Confidence in Bitcoin’s Future

Hougan expressed confidence in Bitcoin’s future, citing its impressive valuation increase over the past 15 months and the launch of spot Bitcoin ETFs. 

He projected a significant influx of capital into the digital asset market if global wealth managers allocate even a small percentage of their portfolios to bitcoin. This allocation could potentially enhance the risk-adjusted returns of traditional investment portfolios and mark a major shift in global wealth allocation.

Hougan recently also said that institutional investors could funnel as much as $1 trillion into Bitcoin through Exchange-Traded Funds (ETFs). Meanwhile, the price of the digital asset has been revolving around $60,000 and $70,000 after making an all-time high in March.

He added:

“As we wait, bitcoin seems likely to chop sideways on small changes in sentiment. But long-term, we believe bitcoin is in a raging bull market. Not only is it up nearly 300% in the past 15 months, but there are strong reasons to think that will continue.”

Both Pompliano and Hougan advocate for a broader understanding of Bitcoin beyond its immediate price fluctuations. They view Bitcoin as a transformative asset with the potential to reshape traditional investment landscapes.

Stay on top of Bitcoin
news, get weekly updates
in your inbox.

Recommended News

Markets
Markets
Blackstone, World’s Largest Alternative Asset Manager, Invests in IBIT
May 22, 2025
3 min read
By: Alex Lari
Markets
Markets
Twenty One Capital Becomes 3rd-Largest Corporate Holder of Bitcoin
May 15, 2025
2 min read
By: Alex Lari
Markets
Markets
Trump-Backed American Bitcoin to Go Public Via Merger with Gryphon
May 14, 2025
3 min read
By: Alex Lari
All News
Accelerating Adoption
News
  • Adoption
  • Legal
  • Markets
  • Mining
  • Opinion
  • Press Release
  • Learn
  • Sponsored
Company
  • About Us
  • Brand Assets
  • Newsletter
  • Services
  • Site Map
  • Terms & Privacy
Connect
  • Contact Us
  • Contribute
  • Services
  • Media Partner
  • RSS
  • Videos
Social Media
  • Twitter
  • YouTube
  • Telegram
  • LinkedIn
  • Instagram
  • Nostr
  • TikTok
  • Flipboard

© A Bitcoin-Focused Company | 256 Media, 2024

Language Switcher
Search
  • News
    • Adoption
    • Legal
    • Markets
    • Mining
    • Opinion
    • Press Release
    • Learn
    • Interviews
  • Services
  • Video
  • Events
  • News
    • Adoption
    • Interviews
    • Learn
    • Legal
    • Markets
    • Mining
    • Opinion
    • Press Release
  • About Us
  • Contact
  • Newsletter
Search

Popular Articles

BFF25 Event Recap: Unique Fusion of Bitcoin, Cinema & Art
May 31, 2025 · 3 min
Cantor Fitzgerald Launches $2B Bitcoin-Backed Lending Program
May 31, 2025 · 3 min
JD Vance in Las Vegas: “100 Million Americans will Hold Bitcoin”
May 30, 2025 · 4 min
Trump Media Will Raise $2.5 Billion to Build Bitcoin Treasury
May 29, 2025 · 3 min
Blockstream Unveils “Future of Finance Runs on Bitcoin” Vision
May 28, 2025 · 5 min
Michael Saylor Says Proof-of-Reserves is a Bad Idea
May 28, 2025 · 3 min

Bitcoin Only
Newsletter

Get weekly news roundups direct to your inbox!