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Cryptocurrency News Articles
Major Investors Remain Optimistic About Bitcoin (BTC) Even Though Its Value Has Fallen Far From the Psychological Level of US$100,000
Dec 28, 2024 at 04:07 pm
or investors remain optimistic about Bitcoin even though its value had fallen far from the psychological level of US$100,000 (Rp1.62 billion). Anthony Pompliano, founder of Pomp Investments, revealed in an interview with FOX 5 on December 21 that Bitcoin's prospects remain bright, especially in 2025.
Major investors are still optimistic about Bitcoin, even though its value has fallen far from the psychological level of US$100,000 (Rp1.62 billion).
In an interview with FOX 5 on December 21, the founder of Pomp Investments, Anthony Pompliano, revealed that Bitcoin's prospects remain bright, especially in 2025.
Pompliano has identified two main factors that could push the price of Bitcoin to a higher level in the coming years.
Firstly, the trend of printing money continues, both in the United States and globally.
This monetary policy, which involves quantitative easing, creates a liquidity surplus that can flow into the asset market, including cryptocurrencies.
"You will continue to look at the printing of money in the US and globally. This is driving more capital into the market," said Pompliano.
Secondly, the Federal Reserve policy that tends to lower interest rates is also a positive catalyst for Bitcoin.
"When the supply of M2 money increases and interest rates drop, low capital will flow to the market," he added.
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Pompliano also explained why Bitcoin is increasingly attractive to large institutional investors.
According to him, the increase in the value and capitalization of the Bitcoin market, which is now close to $2 trillion (Rp32,400 trillion), makes this asset more "safe" than when its value was still low.
"When Bitcoin was at the level of 1.000 US dollars (IDR 16.2 million), many large investors considered it too small and risky. But now, with a large market cap, they see an opportunity to invest at a smaller risk," said Pompliano.
He added that the growth in Bitcoin prices will attract more and more attention from investors with large capital.
"The higher the price of Bitcoin, the more institutional capital comes in. With limited supply, this will continue to push prices up," he explained.
Pompliano is optimistic that 2025 will be a golden period for Bitcoin. He believes that a combination of global monetary policy, increasing institutional investor participation, and scarcity of supply will push the value of Bitcoin to a higher level.
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