Anthony Pompliano went on Fox Business to talk bitcoin, ethereum, bitcoin ETF, institutional adoption, macro economy, and more.
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Cryptocurrencies I mean look at this over the past year the to the the price of the tokens has has rocketed Bitcoin doubling up 113.5 per. ethereum climbing 74% and xrp up am easly 42% so what’s the next Catalyst it could be the Bitcoin having event one month from
Today or two months from today I should say but I my question is is it buy the rumor sell the news so Bitcoin is coming up so much into that that event than it sells off after we ask Anthony pump Lano pump Investments investor in a fox
Business exclusive what do you think of my theory so Bitcoin Havoc definitely matters if you go back to economics class anytime that you have something that happens in the market that everyone either doesn’t know about or doesn’t have the same opinion on it’s obviously going to have an impact what we’ve seen
Is a demand shock with the ETF so lots of capital is pouring in and now we’re going to have a supply shock right now there’s 900 Bitcoin a day that come into the uh Market when the having occurs we’re going to go down to 4 50 Bitcoin
Per day so naturally if you have tons of demand and you have a decreasing incoming Supply the price has to go up to accommodate everyone and we’ve seen this happen over and over and over again I think that it may be less of a percent move but in aggregate dollars it will
Still be very very meaningful over the coming 18 months so how high does the price go look historically bitcoin’s price has gone up hundreds of percent I wouldn’t be shocked if Bitcoin went over $100,000 in the next 18 months uh but also I think that the ground is moving a
Little bit there’s a lot of different uh things that are occurring new types of inst are coming into the market there’s new inv the new types of investors because of this Bitcoin is now one of the favorite assets of any Wall Street investor if you think about it Wall
Street investors have been suffering returns because they can’t keep up with the indexes in the equity Market they now have the ability to put a little bit of Bitcoin they can go buy a Bitcoin ETF and put 1 to 3% of their Equity portfolio into it and now that will
Juice their returns and hopefully help them compete against that index on top of that you now have them able to allocate Capital to what’s been the best performing asset for the last 15 years yeah Wall Street the smartest investors in the world the biggest Capital Pools
In the world they’ve been boxed out from the best investment in the world retail investors got to front run these people and they’re ready to allocate that’s where we’re seeing 10 billion flow into the ETFs November 2021 Bitcoin record high 69,000 when does Bitcoin hit 69,000 again shortterm price is almost
Impossible to predict my guess is that we will see somewhere around there before the end of this year this year okay something like that and then why does it go to 100 I I think that the having is really this meaningful moment and what we’ve seen historically is uh
There’s been three prior times where the having occurs and within 18 months we have a new all-time high uh historically though when we’ve hit that having we haven’t been at a new all-time high price yet what we’ve been watching right now is these ETF flows are driving the
Price higher we’re now at $52,000 we were at $42,000 when the ETFs actually got approved and so if this continues there’s a chance we could be near an all-time high I don’t know if we’ll be at the all-time high but we could be closer to an all-time high when the
Having occurs and that would be unprecedented in next so Gary Gensler at the SEC definitely saw ID for your industry right I mean the spot Bitcoin ETF working in investors favor do you think he’ll do the same thing and approve a spot ether ETF I don’t see
That happening at the next time that he can do it which is in Q2 of this year uh I think eventually they’re going to have to approve not only Bitcoin not only ether but many of these and it’s just going to become uh you know if you go
Back to the 90s people used to talk about internet companies now we talk about companies same thing I think is going to happen here people are just going to talk about these assets and it’s not going to be oh crypto that’s weird thing in the corner it’s just
Going to be this mainstream thing and so they’ll all get ETFs but play this out for me many people are starting to get their heads around Bitcoin we can understand Bitcoin maybe ether a little bit but saana Dogecoin I mean how many ETFs could there potentially be I mean
You if you do for one do you have to do for all or if you do for two let’s see he he gives a thumbs up to Ether what about all the others well I think there’s 5,535 ETF launches before the Bitcoin ETFs occurred if I remember that number
Correctly and so there can be thousands of ETFs out there and when you see even just like spy right there’s spy there’s lever spy there’s the inverse spy there’s all these things that you can do to actually get ETFs around a single asset and so I think that’s coming both
For Bitcoin but I think a lot of these assets are going to have ETFs in the future does it feel like the wild west at all I mean that’s exciting in a way because that’s how you can make money but it’s also dangerous volatility works both directions when you’re long an
Asset and it’s volatile to the upside you like it when it’s volatile to the downside you don’t like it because it goes against you and so you need volatility for returns if you look at the best performing stocks over the last 20 years they were hyper volatile Amazon
Went up and went down and went up and went down over and over again but if you can stomach volatility and you’ve selected the right asset a Timeless investing principle of Warren Buffett’s buy great assets and hold them forever I think there’s a lot of people there’s hundreds of millions of people around
The world that think Bitcoin is that next asset and that’s where they’re buying it and holding it can I ask you a personal question sure what was the cheapest point you bought Bitcoin at I don’t remember um I think the first time publicly that I was on television I
Talked about it was in the bare Market of 2018 at like 32 $100 and uh they were laughing at me but you know cuz it was cheap or expensive at the time I don’t even know it was down 80% and they thought it was going to zero but you
Were a bull and you’re watching it go back up aside from Bitcoin what what uh what tokens do you like yeah I I I think that there’s an entire basket I actually don’t want the individual tokens my big BET right now is on these altcoin ETF providers so people who have Bitcoin
ETFs but will provide the other ones I do think that there is this really interesting thing where bitcoin’s prices up a lot uh you know over % over the last year but coinbase outperformed Bitcoin micro strategy outperformed Bitcoin the miners outperformed Bitcoin and so you want to own Bitcoin but
Actually own Bitcoin itself that you can take self- custody of it but you also want to have exposure of these equities that will have kind of levered returns on top of the underlying asset and so the altcoin ETFs I think will follow exactly what we’ve seen happen in the Bitcoin ecosystem diversification I
Guess of the crypto Arena it just boggles my mind that with all the negative headlines that we’ve had investors are still not scared that tells you that uh that is the opportunity and all the negative headlines are actually marketing for Bitcoin there’s two things that drive marketing campaigns for Bitcoin there is
No CEO there’s no executive team there is no marketing department but price is a huge driver as the price goes up more people talk about it and then therefore more people understand what that asset is the second thing is the negative headlines there’s a lot of people who when they see someone attacking
Something they actually say huh that’s interesting why don’t they want me to buy that why is that thing a negative thing and now that we have the internet we have this uh kind of plethora of information people are able to critically think for themselves and
Bitcoin seems to be a big winner of that if you were to Value the entire cryptocurrency industry what is that number if you ask the hardcore bitcoiners they would say it’s a trillion dollars and it’s Bitcoin only uh if you were to ask other people in
The crypto industry it’s two and a half trillion give or take right now uh I tend to think that this will become a TENS of trillions of dollars in value over time um and really young people this is a very large percentage of their portfolio and so they’re going to
Continue to allocate to these assets the assets will go up in value and it’ll look very similar to an equity portfolio a crypto portfolio or any other asset that’s there today okay okay so last question what would you say to someone when they say well what’s the use case
For Bitcoin it’s not like I can buy a cup of coffee with it I mean technically you can but so you definitely can do that stuff I think the the simplest way to think about it is right now 50% of Americans have no investable assets right they simply save 100% of their
Wealth in US Dollars when they do that the dollar gets devalued because of inflation and so literally half of our population is getting their savings devalued Away by inflation now there’s an asset where you can simply save you don’t have to put all your money in it
You can put 1 to 3% into it you can save in Bitcoin and that asset will continue to appreciate at a faster rate than inflation you’re good Anthony Pomano thank you thank you for coming on
31 Comments
Great information my friend! Keep it up ๐ฅ
Pomp nailed that interview vs all her annoying questions
this is satoshi nakamoto
Pomp!!!โค
Yeah! She knows you're the man!
Great Anthony! Fast correct answers on all questions. You are really professional.
hell yea boi
Yes baby look at this but sweetie you have seen nothing yet !
You're good
Went from laughing at you to โyouโre goodโ
Can we stop paying attention to XRP
I feel so bad for these talking heads, so clueless, even after getting the actual news. They still think the USD got their back, got value. It breaks my heart.
I thought Pomp understood bitcoin. I didnโt realize he was a shitcoiner. When people say bitcoiners weโre lucky theyโll be right about some of themโฆie Pomp
๐ฎ๐ฎ๐ฎ๐ฎ๐ฎ
Pomp is always smiling. Hi is always happy.
Great job.
Nice ๐
Its the internet boom all over again. Some will fail… remember AOL, Yahoo, anyone? Some will win.
Crypto is the best future where people makes money and generate good returns.
Thanks for being spot on in these mainstream media! Your work is very important! Great, keep doing it!!
I love that guy.
He's very professional, and you can tell he's very conservative with his targets, although he knows it's probably gonna go much higher.
She acts like she doesn't understand finance.
POMP THE GOAT ๐๐๐๐๐๐๐๐๐
GIVE POMP 7 MINUTES TO TALK BITCOIN AND THE WORLD LISTENS
'You're good' – you certainly hit all the points she raised clearly and positively, nice one Pomp.
Pomp can really give great answers on his feet. Probably a hood improviser
So wait, people think theyre too late to invest, but uneducated people are still accepting dollars for their satoshis? :-/
That was a great interview. You crushed it.
pomp, your sh*tcoins arenโt getting a etfโฆ..just sayin,dude
You go Pomp…you sure represent us well ๐ Thanks
This woman has a LOT to learn about Bitcoin. Most people will not make it.
Glad to have Pomp on the frontlines representing Bitcoin and bringing reassurance to mainstream media ๐บ๐ธ ๐๐พ๐๐พ๐๐พ