Bitcoin bull and venture capitalist Anthony Pompliano predicts that BTC will be the asset of choice for securing AI-created wealth over the next decade.

“We are entering an automated world where AI will create tremendous amounts of wealth and Bitcoin will protect that wealth,” the Pomp Investments founder said in an interview with CNBC on June 24.

Pompliano disagrees with the idea that AI is replacing Bitcoin and the overall cryptocurrency industry as the next hot tech trend, stating that the two technologies will work together for the next 10 years.

“GDP has the potential to really grow because of the productivity of AI and then Bitcoin being able to preserve a lot of that wealth,” Pompliano said. "People who watch developments on a daily or weekly basis are missing this huge opportunity for the next decade."

"When you see these technologies coming together, it's important to think about what money these machines will use."

On June 23, Bitcoin reached a seven-week low of $59,086.

This negative weather is largely due to Mt. Gox is preparing to sell $8.5 billion worth of Bitcoin to its creditors, with spot Bitcoin exchange-traded fund outflows exceeding $1 billion in the last 10 trading days.

Additionally, Bitcoin miners also experienced a massive sell-off.

As a result, Bitcoin and cryptocurrency market sentiment has fallen into the "Neutral" zone with 51 points out of 100, according to the Crypto Fear and Greed Index.

This time last week, sentiment was in the "Greed" zone with a score of 71 out of 100.

However, Pompliano stated that he was not bothered by the 15 percent price decline and that price pullbacks of 30 percent or more often occur in bull markets.

Pompliano said many investors have a "invest by May and go" mentality, and as a result, the second and third quarters (especially halving years) tend to trade sideways.

#BitcoinDunyamiz

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