Bitcoin Holders Opt To Buy More During Price Drops, Says Pomp Investments Founder
Anthony Pompliano, the founder of Pomp Investments, recently appeared on CNBC's "Squawk Box" to share his insights on the spot $BTC Bitcoin ETF market and the broader state of Bitcoin ¹. Pompliano said, "Wall Street doesn't just like Bitcoin, they love Bitcoin." Pompliano also stated that 80% of all Bitcoin in circulation hasn't moved in the last month, indicating a highly illiquid market where only a fraction of the total supply is actively traded. This scenario, where $2 trillion worth of Bitcoin is essentially off the market, underscores the asset's growing appeal and retention among investors, further fueling its scarcity and potential for price appreciation.
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