*Every 'big investor' is buying risk assets right now as Bitcoin prepares to rise 'hundreds of percent' above old highs: Pompliano*

BTC/USD is trading at its highest levels of the year as optimism surrounding a potential spot Bitcoin ETF continues to rise. Anthony Pompliano of Pomp Investments expects the world's largest cryptocurrency to rise hundreds of percent above its former highs during the next bull run.

What to know: Wednesday on CNBC's “Squawk Box,” Pompliano said the biggest investors buy when others are selling and sell when others are buying. When it comes to Bitcoin and other risky assets, he said the smart money is to buy.

"The best investors in the world act completely differently than the herd. And right now the herd is saying we don't take risks. All the great investors I know are taking risks. They are buying these assets at suppressed prices," Pompliano said.

The Bitcoin bull noted that one of the most notable things about Bitcoin is that people are not selling: 76% of Bitcoin was unsold last year and 56% of it was unsold in the last two years despite wild swings of price. #informationsthand