Bitcoin’s future post-halving has been a topic of much speculation in recent weeks. While some are skeptical about its ability to reach new heights, Anthony Pompliano, the founder of Pomp Investments, is confident that Bitcoin will surpass expectations. According to Pompliano, Bitcoin’s solid monetary principles will make it a more valuable asset than gold.
Pompliano shared his views in an interview on Fox Business, where he emphasized that the upcoming halving will showcase the advantages of Bitcoin. He also expressed his bullish sentiment towards the asset, noting that it has been the best-performing asset in the four years following the previous halving. In just four years, Bitcoin’s value has risen from $8,000 to approximately $64,000.
When asked about Bitcoin’s recent correction, Pompliano pointed out that no other asset has outperformed Bitcoin in the four years following its previous halving. He acknowledged that the recent correction has affected all assets in the crypto market, attributing it, in part, to the escalating tensions in the Middle East.
Since the tensions began on April 13, both Bitcoin and Ethereum have experienced significant market corrections. Bitcoin has dropped by 9%, while Ethereum has seen an 8% dip. The Nasdaq 100, gold index (XAU), and S&P 500 have also declined during this period. Pompliano noted that people were concerned about Bitcoin’s bearish trend on Saturday, but he emphasized that it was not limited to Bitcoin alone.
During times of heightened tension, investors often seek the safety of the US dollar, leading to the sale of Bitcoin and other assets. However, Pompliano believes that Bitcoin will be the asset to lead the recovery, establishing a trend over the next four years. He also highlighted the sound principles of Bitcoin and gold, noting that they cannot be artificially created.
Pompliano advised traders to invest in assets that align with their preferences. For those worried about significant declines, he recommended buying gold. On the other hand, for those seeking to enhance their purchasing power, he suggested purchasing Bitcoin. While he acknowledged that the upcoming halving might result in a “sell-the-news” phenomenon, Pompliano encouraged traders to consider Bitcoin for long-term gains.