Bittime - Anthony Pompliano, founder and partner of Pomp Investments, reiterated his bullish view on Bitcoin. According to him, Bitcoin's strong financial principles will make it bigger than gold, especially after the upcoming halving.
Bitcoin: The Best Savings Tool and Superior Asset
In an interview on Fox Business on April 17, Pompliano stated that Bitcoin is "digital gold" and remains the best savings tool. He believes Bitcoin will continue to show superior performance for years to come.
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Pompliano explained that Bitcoin's sound monetary principles make this crypto asset superior. This can be seen from Bitcoin's performance which surpassed all other assets in the four years after the last halving.
“Four years ago at the last halving, the price of Bitcoin was at eight thousand dollars. Today, the price has reached $64,000. "Name another asset that has performed exceptionally over a four-year cycle," Pompliano said in response to concerns about Bitcoin's latest correction.
Bitcoin Correction Due to Geopolitical Tensions
Pompliano believes that the crypto market correction that began on April 12 was not unique to Bitcoin . Gold and other financial markets also experienced declines due to increasing geopolitical tensions in the Middle East.
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Bitcoin has fallen more than 9% since Saturday, April 13, when Iran launched an attack using drones and missiles against Israel. Meanwhile, Ethereum (ETH) fell 8%. According to data from TradingView, the S&P 500 index, Nasdaq 100, and gold index (XAU) also experienced declines of 1.83%, 3.5%, and 5% respectively during the same time period.
“So when people saw Bitcoin go down on Saturday, they said, 'Oh my God! Bitcoin is down!' So is gold, and so are other financial markets that are operating.”
The investor explained that during times of political uncertainty, investors began to “sell all liquid assets” in exchange for US dollars. This causes them to sell Bitcoin, along with gold, stocks, and bonds.
Bitcoin: Post-Uncertainty Recovery Leader
Pompliano believes that once the situation stabilizes, Bitcoin will lead the recovery and continue to do so during the next four-year cycle after the halving .
“What will happen is on the way back up, Bitcoin will be the leader of the recovery, and I think its performance will continue to be in line with its performance of the last four years, for the next four years.”
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Bitcoin vs Emas: Digital vs Analog
Pompliano also highlighted the sound money principles that Bitcoin and gold share. Both are assets "outside the system that cannot be created arbitrarily by anyone." He further explained that gold is suitable for investors looking for "downside protection" due to its lower volatility. However, Bitcoin is the best choice for those who want to increase their purchasing power.
"The digital version of a product is always bigger and more valuable than the analog version. So, Bitcoin will be more valuable than gold one day.”
Bitcoin Halving and Investment Strategy
The upcoming Bitcoin halving is expected to have a significant impact on market dynamics. Pompliano said that the event, which is only days away, could become a "sell-the-news phenomenon." However, he advises investors to always buy Bitcoin for long-term profits.
“I always tell people that if you buy Bitcoin and try to predict its price in an hour, a day, a week, or even a month, it's probably a futile effort. Instead, what you should be thinking is, 'This is savings technology.'”
The investor also reiterated his belief in Bitcoin's dollar-cost averaging (DCA) strategy — namely investing a fixed dollar amount regularly into BTC. He believes that people who do DCA over the long term will “reap extraordinary results.”
Pompliano revealed to Fox Business hosts that Bitcoin占 (zhàn) is more than 50% of his portfolio. (Note: 占 is used to express ownership percentage)
How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Bitcoin Trading Strategy: How to Make Money from Bitcoin
Bitcoin Surpasses Gold in Investment Allocation, Influence of Bitcoin ETFs and Halving
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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