BitcoinWarrior

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Pompliano: Bitcoin On Track For $100,000 Within Two Years, Downside Risk Limited

Anthony Pompliano, the founder and partner at Pomp Investments, offered a bullish outlook on Bitcoin’s price trajectory, with downside risk firmly capped at $50,000. What Happened: In an interview with CNBC on Tuesday, he attributed Bitcoin’s recent price surge to several factors, including the increasing adoption of Bitcoin ETFs and the growing recognition of Bitcoin as a hedge against inflation. He highlighted Bitcoin’s outperformance compared to gold, a traditional safe-haven asset, pointing out that gold has failed to keep pace with inflation over the past five years. “Bitcoin is down abou…