American
Entrepreneur Anthony Pompliano Advises Investors
To Use
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Dips
ForBuying
American Entrepreneur Anthony Pompliano Advises Investors To Use Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Dips
For Buying
by Scott Matherson
1 min ago
in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
0
American entrepreneur and Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin bull Anthony Pompliano has again affirmed
his bullish sentiment towards the flagship crypto. This time, he advised
investors on what they should be doing during this BTC dip and suggested that
there was no need to be concerned despite Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s recent underperformance .
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Dips Are For Buying
In an interview with FOX Business• Экономика » Бизнес, Pompliano mentioned that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin dips are
buying opportunities and that every “great investor” who knows what they have
understands they should buy more when prices move against them. He further
claimed that anyone questioning whether or not they should be buying more
during this BTC dip may actually not know what they own, alluding to Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s
potential.
Pompliano made these statements while noting that retail and institutional
investors are beginning to realize that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is a “resilient” asset that
will be worth more in the next five to ten years than it is now. The American
entrepreneur also explained how BTC has matured compared to previous market
cycles while still achieving impressive growth.
He stated that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin experienced several 30% and 25% price corrections in
the 2017 and 2021 bull runs. However, things have improved in this market
cycle, with the flagship crypto only experiencing price drawdowns of about
15%. He claimed that this shows that BTC S volatility is dampening.
Meanwhile, he also noted that BTC has the Spot Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ETFs in this market
cycle, which was lacking in the previous bull runs. He believes these funds
will be a major catalyst for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s run heading toward year-end. Pompliano
predicts that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin can hit a new all-time high (ATH) before the end of
2024.
However, he warned that BTC may no longer appreciate as high or as fast as it
used to now that institutions are invested in the flagship crypto through the
Spot Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ETFs. He again remarked that this is because the entrance of
these institutional investors has dampened Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s volatility.
Thoughts On The Spot Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFs
Pompliano also gave his thoughts on the Spot Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFs and when they could
begin trading. He stated that these funds will likely start trading sometime
this summer. He added that they could begin trading sooner rather than later
based on rumors that the Securities and Exchange Commission (SEC) is close to
approving these funds.
Related Reading: Cardano Chang Hard Fork Is Almost Here, Should We Expect A
Repeat Of 2021?
He believes that Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum has a problem that BTC doesn’t and suggests that
this could negatively impact the amount of inflows that the Spot Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFS
attracts. According to Pompliano, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin has a single narrative as it is
known as a ‘ store of value ’, which he believes has been enough to convince
investors to invest in the flagship crypto.
On the other hand, he said that Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum has many narratives, which creates a
confusing story for the second-largest crypto token by market cap. He noted
that this could be a big problem for the Spot Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFs since
institutional investors could easily be confused by what Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum is about and
opt against investing in these funds. BTC price struggles to hold $60,000 |
Source: BTCUSD on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com