Anthony Pompliano made a number of statements, noting the increased understanding among retail and institutional investors that Bitcoin is a reliable asset that will only increase in value over the next 5-10 years.
The American entrepreneur also drew attention to how much Bitcoin has changed compared to previous market cycles, while continuing to show impressive growth. He emphasized that during periods of growth in 2017 and 2021, Bitcoin corrected by 30% and 25%, respectively. However, in the current market cycle the situation has improved: the price drawdown was approximately 15%. According to Anthony Pompliano, this indicates a decrease in Bitcoin volatility.
In addition, he noted the presence of spot Bitcoin ETFs in the current market cycle, which was not the case in previous periods of growth. These tools, in his opinion, will become the main catalyst for the growth of Bitcoin by the end of the year. Anthony Pompliano predicts that Bitcoin could reach a new all-time high before the end of 2024.
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