Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Investor and co-founder of Morgan Creek Digital, Anthony Pompliano, stated that Bitcoin holders need to exercise patience, as the bullish trend is expected to arrive later than initially thought.
He believes that the first cryptocurrency may experience increased volatility in the near future due to the tense state of the global economy.
“The U.S. Federal Reserve will continue to expand the money supply to combat inflation, and as the dollar depreciates further, Bitcoin will become more valuable than ever,” Pompliano suggested.
Related Posts
He pointed out that institutional players are gradually increasing their allocation of the leading cryptocurrency in their portfolios, which creates additional demand and may help mitigate sharp declines.
“The growing involvement of large funds and corporate investors is establishing a foundation for long-term growth. This is not a speculative impulse, but rather a structural market trend,” the expert emphasized.
He added that the primary driver of Bitcoin’s value remains its limited supply. Each halving reduces the influx of new coins, while the expansion of the global digital economy enhances demand for them. In such circumstances, Bitcoin will further solidify its position as a reserve crypto asset, concluded the businessman.
Previously, Anthony Pompliano mentioned that a 40% drop in Bitcoin from its all-time high does not necessarily indicate the start of a bearish trend, as the asset’s structure and its volatility have undergone changes.
