CandleFocus Investor Anthony Pompliano Calls Bitcoin ‘Gold With Wings,’ Says BTC the Savings Account of the New Generation
2024-11-05
Author: Content Editor
Anthony Pompliano, a longtime cryptocurrency advocate, believes that Bitcoin (BTC) is like gold on steroids. He argues that Bitcoin and gold are both benefiting from the debasement of the US dollar, but Bitcoin could outperform gold due to increasing adoption. Pompliano notes that Bitcoin has shown stronger growth compared to gold and the S&P 500 in recent years. He highlights the unique bottom-up adoption story of Bitcoin, with individuals being the first to adopt it and now seeing corporations and financial institutions following suit. Pompliano predicts that central banks will eventually start buying Bitcoin, which would be bullish for its price. He also suggests that people will increasingly store their wealth in stablecoins and Bitcoin rather than traditional bank accounts. Bitcoin is currently trading at $67,694, down 1.5% in the last 24 hours.
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