Anthony Pompliano has an important statement to make about Bitcoin. Check out the latest reports about the important analyst and trader’s opinion below.
Pompliano on Bitcoin
Check out the tweet that he shared recently on X:
Bitcoin is governed by the most disciplined central bank in history, which becomes important in a world filled with undisciplined central banks.
— Pomp 🌪 (@APompliano) October 24, 2023
Someone stated the following: “There’s never been an asset like Bitcoin. Numerous ways Bitcoin is imagined to be utilized is ultimately unknown since people aren’t disciplined and BTC doesn’t fix human nature. Any proclamations or prophecies regarding how Bitcoin will “behave” is pure conjecture & speculation.”
Another follower believes that it is better to say Bitcoin is governed by the most disciplined decentralized bank in history, which becomes important in a world filled with undisciplined central banks.
Blackrock, Fidelity, Invesco and other major spot Bitcoin ETF issuers are probably going to need several million Bitcoin to satisfy consumer demand over the next 24 months.
— Mike Alfred (@mikealfred) October 23, 2023
Where are they going to find that much physical BTC without driving the price to $200,000+?
A person asked this question: “Have any Bitcoiners considered the cascading effects of institutional adoption where large Bitcoin bloc holders (akin to ETFs) may dump/sell thus generating a preference cascade of sell offs once the big whales come in. These effects are consistent for any market w/ big players.”
Bitcoin new price prediction is out
Dave the Wave, an anonymous analyst, has informed his 140,700 followers on the social media platform X that the weekly moving average convergence divergence (MACD) indicator of Bitcoin has turned bullish at the zero level.
This development indicates that BTC may now be gaining momentum. The MACD is a momentum indicator that can signal a reversal of an asset’s trend. Check out our previous article in order to learn more details about all this.
