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Bitcoin Set to Outperform Gold as Adoption Grows – Anthony Pompliano

Bitcoin Set to Outperform Gold as Adoption Grows – Anthony Pompliano

CryptodnesCryptodnes2024/11/06 10:22
By:Cryptodnes

Anthony Pompliano, a well-known Bitcoin advocate, sees Bitcoin as a “supercharged” version of gold.

In a recent interview , the Pomp Investments founder pointed out that the weakening of the U.S. dollar favors both gold and Bitcoin, but he believes Bitcoin is likely to outperform due to rising interest and adoption. Comparing growth rates, he highlighted that Bitcoin’s gains have far outpaced gold and the S&P 500 over the last five years.

According to Pompliano, Bitcoin’s growth is unique because adoption began with individuals, spreading later to corporations and institutions like BlackRock and Fidelity.

He anticipates central banks might eventually join this trend, similar to their current 12% share in global gold reserves—a move he believes would boost Bitcoin’s price even further.

READ MORE:
U.S. Pension Fund Invests Heavily in Bitcoin and Ethereum ETFs

Pompliano also predicts people will increasingly rely on Bitcoin and stablecoins for wealth storage. He likened stablecoins to checking accounts and Bitcoin to a digital savings account, noting that most Bitcoin holders don’t move their funds, showing long-term confidence.

He added that on-chain data reveals over half of all Bitcoin hasn’t been moved in two years, even as its value tripled.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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