Speaking on “The Big Money Show,” Pompliano emphasized that traditional finance players are overthinking the simplicity of the cryptocurrency, which in his opinion will ultimately lead to a massive shift of capital into Bitcoin.
As the price of the major cryptocurrency hovers around the crucial $68,000 mark, with potential for growth toward $70,200, Pompliano highlighted the core principles that make Bitcoin a standout investment.
Its fixed supply of 21 million coins and resistance to government monetary policies are among the key factors driving long-term value.
As Pompliano underscores, the success of the major cryptocurrency lies in its simplicity, contrasting sharply with Wall Street’s need for complex financial products, such as options, leverage and paper Bitcoin like ETFs and futures.
As Bitcoin continues to test the $68,000 level, the market is closely watching for signs of a breakout toward $70,000 per BTC.
The epic prediction by Pompliano adds further weight to the growing belief that Bitcoin is poised for another surge, particularly as institutional investors begin to realize its long-term potential.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
