2024

Bitcoin

when

Squawk

BlackRock

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p lang="en-GB" xml:lang="en-GB">VC investor and Bitcoin podcaster <a href="https://u.today/wild-bitcoin-statement-about-btc-etf-by-anthony-pompliano-follows-btc-rise-close-to-43000" rel="noopener noreferrer nofollow">Anthony Pompliano</a> has voiced a mega-bullish Bitcoin prediction. He expects the price of digital gold to continue rising way above the $50,000 level and the reason is not the upcoming halving event.</p>
<h2 id="bitcoin-price-has-to-go-higher-pompliano">"Bitcoin price has to go higher": Pompliano</h2>
<p lang="en-GB" xml:lang="en-GB">Pompliano, known on Twitter as simply “Pomp”, took to this platform to make a major Bitcoin price prediction. The angel investor believes that the $50,000 level reached yesterday is not the last stop for the flagship cryptocurrency.</p>
<p lang="en-GB" xml:lang="en-GB">Pompliano did not make any specific predictions. However, he stated that “the price has to go higher.” According to the expert, once Bitcoin goes higher, bitcoiners will start selling their BTC and it will all be scooped up by Wall Street funds to satisfy their demand that has been increasing rapidly.</p>
<blockquote>
 <p lang="en" dir="ltr">$50,000.The price has to go higher to get bitcoiners to sell their bitcoin to Wall Street and satisfy the increased demand.</p>— Pomp 🌪 (@APompliano) <a href="https://twitter.com/APompliano/status/1757073342538858858?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 12, 2024</a>
</blockquote>
<p lang="en-GB" xml:lang="en-GB">He did not make any mention of the approaching Bitcoin halvening event in the middle of April. After it occurs, the number of Bitcoins produced daily will be cut by half from 900 to 450 BTC. Currently, according to Pomp, Bitcoin ETFs are absorbing 12.5x BTC produced on a daily basis.</p>
<h2 id="bitcoin-etfs-break-30-year-record">Bitcoin ETFs break 30-year record</h2>
<p lang="en-GB" xml:lang="en-GB">Many experts believe that after the halving takes place, they will start acquiring even more Bitcoin every day. So far, after one month of trading, Bitcoin ETFs launched by BlackRock and Fidelity have seen more than $3 billion of inflows, thus <a href="https://u.today/bitcoin-etfs-break-30-year-record-in-first-month-of-trading-pompliano-says-details" rel="noopener noreferrer nofollow">breaking a 30-year record of ETFs</a>.</p>
<p lang="en-GB" xml:lang="en-GB">On Monday, Pompliano made an appearance on CNBC’s Squawk Box show to talk about Bitcoin. He mentioned that the world’s leading cryptocurrency has become Wall Street’s favorite asset.</p>
<p lang="en-GB" xml:lang="en-GB">As if supporting this thesis, digital asset advisor at VanEck and Tether <a href="https://twitter.com/gaborgurbacs/status/1757396909684056365" rel="noopener noreferrer nofollow">Gabor Gurbacs tweeted</a> that other financial institutions are soon also likely to start launching spot-based exchange-traded funds, since “Bitcoin ETFs allow holders to use Bitcoin as a collateral and gain access to credit and leverage in the traditional markets.” He expects the current volumes of liquidity flowing into ETFs to be “nothing compared to what's coming when more institutions begin to understand this.”</p>

Bitcoin $50,000: BTC Has to Go Higher, Pompliano Predicts, And Not Because of Halving

Table of Contents

U_Today

Other articles published on Feb 13, 2024

Founders Fund Returns with $200 Million Crypto Investment Ahead of Bull Run

Ethereum (ETH) Faces Volatility as Selling Pressure Intensifies Above $2,600

Masterstroke of the BRICS: The alliance is on the verge of overthrowing the dollar monopoly!

South Korea intensifies scrutiny on cryptocurrency exchanges

Pushd (PUSHD) Presale Still Available – 25k Sign-ups From Avalanche (AVAX) & Bonk (BONK) Holders ...

Top Crypto News: Trump’s ‘Mugshot NFTs, Cardano Surges, and 300x Potential GameStop Memes Presale...

Join our free newsletter for daily crypto updates!