{"id":12789,"date":"2022-06-16T14:50:54","date_gmt":"2022-06-16T14:50:54","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-fundamentals-remain-strong-anthony-pompliano-says\/"},"modified":"2022-06-16T14:50:54","modified_gmt":"2022-06-16T14:50:54","slug":"bitcoin-fundamentals-remain-strong-anthony-pompliano-says","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-fundamentals-remain-strong-anthony-pompliano-says\/","title":{"rendered":"Bitcoin Fundamentals Remain Strong, Anthony Pompliano Says"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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In a new interview with Fox Business, Morgan Creek Digital co-founder and host of \u2018The Business Show\u2019 podcast, Anthony \u2018Pomp\u2019 Pompliano<\/a>, sheds some light on the state of Bitcoin (BTC<\/a>) after recently reaching a new 12 month low.<\/p>\n

Despite Bitcoin\u2019s immense price drop losing nearly two thirds of its value, fundamentals remain strong, Pompliano explains:<\/p>\n

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\u201cWe are watching a divergence. Price and value are completely decoupling right now for Bitcoin. What I mean by that is, price is down from a $69,000 high<\/a> in November to around $23,000 today.<\/p>\n

But hash rate hit an all-time high today. The Bitcoin network has never been more secure than it is today. If you then go take a look at the Bitcoin wallet addresses with 0.01 Bitcoin, 0.1 Bitcoin or 1 Bitcoin in them, those all three have all hit all-time highs.<\/p>\n

The Lightning Network capacity also is hitting an all-time high.\u201d<\/p>\n<\/blockquote>\n

Pomp continued, noting that it will just be a matter of time until BTC\u2019s price and fundamental value converge again.<\/p>\n

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\u201cThat decoupling as the fundamentals continue to hit all-time highs and strengthen while price is falling, I think that at some point fundamentals and the value of Bitcoin will meet price.<\/p>\n

The question is just where and when that happens.\u201d<\/p>\n<\/blockquote>\n

In conclusion, the Bitcoin bull comments on wealthy mainstream investment firms\u2019 habits of selling their riskiest assets when markets are volatile.<\/p>\n

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\u201cIf you look at the institutional folks, Bitcoin began to get institutionalized and [it] is the riskiest thing in their portfolio.<\/p>\n

So, if they\u2019re going to go risk-off, they sell Bitcoin, and they happen to have a lot of Bitcoin because they have a lot of money in their portfolio.<\/p>\n

So Bitcoin started to dump just like every other risk asset went down as well the last eight months.\u201d<\/p>\n<\/blockquote>\n

At press time, Bitcoin has been able to recover slightly and is moving hands at $22,627<\/a> according to CoinMarketCap<\/a>. Nevertheless the flagship cryptocurrency is still down 25% compared to just a week ago.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) In a new interview with Fox Business, Morgan Creek Digital co-founder and host of \u2018The Business Show\u2019 podcast, Anthony \u2018Pomp\u2019 Pompliano, sheds some light on the state of Bitcoin (BTC) after recently reaching a new 12 month low. Despite Bitcoin\u2019s immense price drop losing nearly two […]<\/p>\n","protected":false},"author":5,"featured_media":12790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12789"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=12789"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12789\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/12790"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=12789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=12789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=12789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}