Anthony Pompliano expects the SEC to approved a spot bitcoin ETF
Anthony Pompliano expects the SEC to approved a spot bitcoin ETF
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- According to Pompliano, the underlying fundamental data from Bitcoin.
- he expects a spot bitcoin ETF to be an important catalyst for BTC.
- Bitcoin has currently increased by a whopping 85 % compared to the beginning of the year.
Anthony Pompliano agrees that tensions could occur at Bitcoin at short notice, but remains optimistic about digital asset.
Pompliano shares his opinion on Bitcoin
The founder of Pomp Investments is constructive because the underlying fundamental data of the world's largest cryptocurrency after market capitalization.
Bitcoin is anti -fragile. We see that the hash rate reaches an all-time high. We see that acceptance reaches an all -time high. People recognize its value and invest a lot of capital in the network.
The overall offer of Bitcoin is supposed to halve in April 2024, which in the past served as a catalyst for Bitcoin's price.
At the time of writing, BTC has already risen by about 85 % compared to the beginning of the year.
will soon be a spot bitcoin ETF?
pompliano is also convinced that the US stock exchange supervisory authority SEC will eventually approve a spot bitcoin ETF, which will probably give cryptocurrency further tailwind.
His comments follow a recent wave of applications for such a stock market -traded fund that the regulatory authority has already named Inadequate . Nevertheless, Pompliano said on CNBC today: " Squawk-Box ":
It is a small detail that is more of a matter of form. We see how Wall Street says we want access to BTC. So if it happens [Spot Bitcoin ETF], many people will put capital in.
It is particularly confident because the well-known names that have recently applied for a spot bitcoin ETF is located Blackrock In the past, the company has only decided on a stock exchange-traded fund if it was convinced that it was received.
Source: Coinlist.me
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