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U.Today - Popular crypto veteran Anthony Pompliano has finally discovered the secret behind Bitcoin’s continuous ascent after several years of holding Bitcoin, according to a recent post on X (formerly Twitter).
With the broad crypto market facing consistent volatility, especially Bitcoin, Pompliano claims that expansionary monetary policies are the major drive behind Bitcoin’s future potential.
Bitcoin predictions irrelevant
With his experience as a long-term Bitcoin holder, Pompliano has realized that market speculations are not the key driver behind Bitcoin’s growth. He believes that Bitcoin will continue to surge as long as the government continues printing money.According to Pompliano’s post, Bitcoin predictions from market experts are often irrelevant in determining the future of the world’s leading cryptocurrency.
While these speculations may temporarily fuel hype around the digital asset, leading to short-term rallies, they cannot influence Bitcoin’s long-term vitality.
The statement, which reaffirms Pompliano’s longstanding conviction in Bitcoin, has sparked discussions among the crypto community.
Recent discussions on the X space suggest that other crypto experts share similar insights with Pompliano. Persisting accumulation from high-profile investors also confirms investors’ confidence in Bitcoin’s long-term value.
Earlier on, Binance’s CEO Richard Teng had applauded El Salvador for its long-term investment in Bitcoin, which has yielded the firm a massive 124% return.
While this shows that El Salvador’s decision to hold on to Bitcoin for so many years has finally paid off with huge returns worth over $357 million, Richard Teng says it is a perfect definition of a long-term conviction in Bitcoin.
With major institutions like MicroStrategy, Metaplanet, and others holding on strongly to their Bitcoin accumulation strategy amid recurring volatility, it appears that they share the same long-term vision for Bitcoin.
Although it is not certain if there will be an endpoint for Bitcoin, industry experts strongly believe that Bitcoin’s rise is inevitable as long as fiat currencies remain in existence.
This bullish statement from Pompliano comes at a time when the crypto market is experiencing stable price performance. Bitcoin itself has only surged by 0.76% since the last day, trading steadily above $105,492.