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Morgan Creek Digital founder Anthony Pompliano called Bitcoin a unique asset that is superior to other cryptocurrencies and even traditional financial institutions.
In an interview with CNBC, prominent supportercryptocurrency Anthony Pompliano expressed optimism about the bullish trend in Bitcoin. He emphasized that the growth of the BTC rate from $3,000 and its subsequent peaks are due to good supply and demand. In addition, the growth of the first cryptocurrency was influenced by factors such as aggressive money printing by central banks and low interest rates. This has prompted investors to turn their attention to Bitcoin as a store of value. The current economic climate could also pave the way for increased interest in Bitcoin, Pompliano suggested.
“Bitcoin is the most disciplinedcentral bank in the world. He doesn't care about the news or geopolitics. Bitcoin's supply is limited to 21 million coins, a stark contrast to central banks, which can issue an unlimited number of bonds. Bitcoin's scarcity and decentralized nature have made it an attractive asset, especially during times of economic uncertainty,” Pompliano said.
He also commented on the possibleapproval of spot Bitcoin ETFs. Pompliano is confident that this will happen very soon, as investment firm BlackRock has already begun preparing for the possible approval of a cryptocurrency ETF - it filed an updated application with the US Securities and Exchange Commission (SEC) this month.
Regarding the legal framework forcryptocurrency regulation, Pompliano acknowledged that it is influenced by political decisions in Washington. However, Bitcoin is a decentralized network that does not depend on a central authority. Therefore, even if governments introduce restrictive measures regarding Bitcoin, this will not prevent its further spread.
Earlier, Pompliano said that volatilityBitcoin is erroneously measured in US dollars because it is also “excessively volatile.” According to the crypto enthusiast, the cost of electricity to maintain the Bitcoin ecosystem is also quite justified, and miners should not apologize for this.