Crypto enthusiast Anthony Pompliano thinks Bitcoin is like gold, but better. He says the US dollar is getting weaker, which is good news for both Bitcoin and gold. But Bitcoin could beat gold because more people are using it.
Bitcoin: A Bottom-Up Story
“Bitcoin is gold with wings,” Pompliano said. He explained that both Bitcoin and gold go up because the dollar is losing value. But Bitcoin is more sensitive to this change because it’s a newer asset.
He also pointed out that Bitcoin’s adoption is happening in reverse compared to most technologies. Usually, governments and big companies use something first, then regular people. But with Bitcoin, it was the other way around. Now, big companies like BlackRock and Fidelity are getting involved, and eventually, governments and central banks will follow suit.
Bitcoin as a Digital Savings Account
Pompliano thinks Bitcoin is becoming the new savings account for the digital age. He says people are using stablecoins for their daily spending, which are like digital dollars. And Bitcoin is becoming the place to store your savings.
He points out that over half of all Bitcoin hasn’t moved in two years, and two-thirds haven’t moved in the last year, even though the price has tripled. This shows that people are holding onto their Bitcoin as a long-term investment.
Bitcoin’s Future
Pompliano believes that central banks will eventually start buying Bitcoin, which would be a big boost for the price. He thinks Bitcoin is the future of saving, and it’s only going to get bigger.
