{"id":23236,"date":"2023-09-04T11:00:18","date_gmt":"2023-09-04T11:00:18","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/anthony-pompliano-predicts-potential-bitcoin-bull-market-catalysts\/"},"modified":"2023-09-04T11:00:18","modified_gmt":"2023-09-04T11:00:18","slug":"anthony-pompliano-predicts-potential-bitcoin-bull-market-catalysts","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/anthony-pompliano-predicts-potential-bitcoin-bull-market-catalysts\/","title":{"rendered":"Anthony Pompliano Predicts Potential Bitcoin Bull Market Catalysts"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Anthony Pompliano, a steadfast proponent of Bitcoin (BTC), has discussed two probable occurrences that might restart a bull market for the top cryptocurrency, evoking the spike witnessed in 2020, in an interview with CNBC.<\/p>\n

Bitcoin ETF Approval Anticipation<\/strong><\/h2>\n

A spot-based Bitcoin exchange-traded fund (ETF) will eventually receive approval from regulatory authorities, according to Anthony Pompliano<\/a>. Although there are already futures-based ETFs, the launch of a spot Bitcoin ETF is still something that the cryptocurrency community is looking forward to.<\/p>\n

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He underlines the importance of timing, arguing that if the permission occurs at the same time as the following BTC halving, it might result in a significant increase in Bitcoin\u2019s price.<\/p>\n

\u201cWe have futures-based ETFs. I think we will get a spot Bitcoin ETF. The question is when.\u201d<\/em><\/p>\n

Pompliano points out that the launch of a Bitcoin ETF may cause a demand shock and a significant flood of assets into the market. However, he also draws attention to the possibility of a supply shock coinciding with the expected halving of Bitcoin in April 2024.<\/p>\n

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\u201cThe closer and closer we get to the halving, it will coincide with a supply shock in that halving, and I think that we could see a repeat of 2020 where we go up quite significantly in price if that occurs.\u201d<\/em><\/p>\n

Institutional Interest in Bitcoin<\/strong><\/h2>\n

Pompliano thinks that whenever a Bitcoin ETF is made accessible, institutional investors and blue-chip investors would be crucial in raising the price of Bitcoin.<\/p>\n

\u201cIf you\u2019re a retail investor and you want exposure to Bitcoin over the last two, three, five years, you probably figured out a way to do it. So I don\u2019t think there\u2019s a ton of inflows [coming] from retail investors.<\/em><\/p>\n

I do think though that sovereign wealth funds or very large institutions, they\u2019re not going on Coinbase and buying spot Bitcoin. I think that\u2019s where the ETF inflows could happen.\u201d<\/em><\/p>\n

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At the time of writing, the price of one bitcoin is $25,930.01. The cryptocurrency market anticipates possible triggers that might raise Bitcoin\u2019s price to new heights and bring back memories of the 2020 bull market with the possibility of a Bitcoin ETF approval and the impending halving event.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Anthony Pompliano, a steadfast proponent of Bitcoin (BTC), has discussed two probable occurrences that might restart a bull market for the top cryptocurrency, evoking the spike witnessed in 2020, in an interview with CNBC. Bitcoin ETF Approval Anticipation A spot-based Bitcoin exchange-traded fund (ETF) will eventually […]<\/p>\n","protected":false},"author":34,"featured_media":23237,"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\/23236"}],"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\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23236"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23236\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23237"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}