In a recent conversation on CNBC’s “Squawk Box,” Anthony Pompliano, investor and host of “Pomp Podcast,” highlighted the king coin’s role in the financial landscape.“We just hit a really important milestone before the halving. We just had the highest weekly monthly and quarterly close for Bitcoin.”Shedding light on Bitcoin’s complex nature and its buying potential, Pompliano noted that the true impact of this milestone will only become evident in hindsight.
With worries about currency devaluation and increasing inflation, many see Bitcoin as a protection against losing wealth. This idea became popular after influential investors and hedge fund managers praised BTC as “digital gold,” a way to guard against the decline of traditional currencies.“The last four times that that’s happened Bitcoin has appreciated at least 300% through the rest of the bull market.”noted that the daily supply of the king coin will be cut from 900 to 450, signaling a significant shift in the cryptocurrency’s supply dynamics.
With the anticipation of heightened demand following ETF approvals and a halved daily supply of Bitcoin, the future looks promising.Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life. Her interests lie in making sure articles are very digestible to a common reader, despite all its technicalities and jargons.