Every 'Great Investor' Is Buying Risk Assets Right Now As Bitcoin Gears Up To Rally 'Hundreds Of Percent' Above Old Highs: Pompliano
Portfolio Pulse from Adam Eckert
Anthony Pompliano of Pomp Investments expects Bitcoin (CRYPTO: BTC) to rally hundreds of percent above its old highs during the next bull run. He noted that 76% of Bitcoin hasn't been sold in the last year and 56% of it hasn't been sold in the last two years. He also mentioned that the anticipation of a Bitcoin ETF has been a major factor in the recent price increase. Blackrock and other major financial firms have amended ETF applications, suggesting approval is nearing.
October 25, 2023 | 6:34 pm
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Bitcoin is expected to rally significantly in the next bull run, according to Anthony Pompliano. The anticipation of a Bitcoin ETF is a major factor in the recent price increase.
The news is directly related to Bitcoin and its potential price increase. The anticipation of a Bitcoin ETF, which is expected to be approved soon, is a major factor in the recent price increase. This could lead to a significant appreciation of Bitcoin in the short term.
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IMPORTANCE 80
RELEVANCE 100