Bitcoin looks great at the moment, and the king coin struggles to remain above the $34k limit.
Anthony Pompliano sees a great second half of the year for the king coin. Check out what he recently posted on his Twitter account.
The second half of 2021 is going to be more breathtaking for Bitcoin than the first half of the year.
The supply shock is not over.
The strong hands have been gobbling up as much Bitcoin from the new and uninitiated as possible.
It is all right there in the on-chain metrics.
— Pomp 🌪 (@APompliano) July 24, 2021
Someone said: “JP Morgan, Morgan Stanley, BofA, Citi, Black Rock, Vanguard, Schwab, Fidelity, just to name a few, then there is Apple, Amazon, FB, Google. Then there is European banks and corporations, family offices all around the world, SOVERIEGN FUNDS, PRNSION FUNDS. If you have any doubt!!!”
The same person continued and said: “Think macro with BTC. Don’t day trade this asset class. Be smart. Everybody thinks their special, no you are not. Just stack and HODL- Thats it!”
One other follower said: “The bullish case for strong hands takes time because the age of coins needs to mature. It’s just notable visible after years. If you are preaching about whale = strong hands that’s incorrect. On chain data shows whales distribute their holdings from the start of every Bull market.”
Bitcoin adoption explodes
The mass adoption of Bitcoin is going great. The other day, we revealed that JP Morgan allows wealth management clients to access institutional Bitcoin and crypto funds.
The online publication, the Daily Hodl notes that Business Insider obtained an internal memo from JP Morgan that indicates the bank’s wealth management clients can now take buy and sell orders for Grayscale Bitcoin Trust, Bitcoin Cash Trust, Ethereum Trust, Ethereum Classic products, and Osprey Funds’ Bitcoin Trust.