當Anthony Pompliano概述了看漲的長期願景時，比特幣（BTC）仍然處於焦點

比特幣（BTC）的啟動2025下降了約10％，而黃金上漲了20％。但是Pompliano很快指出了一個關鍵趨勢：一年的地平線

Anthony Pompliano, founder and CEO of Professional Capital Management, is known for his bullish views on Bitcoin. In a recent interview with CNBC, Pompliano continued to express his optimistic long-term outlook on the cryptocurrency as it trades below key levels.

專業資本管理的創始人兼首席執行官Anthony Pompliano以其對比特幣的看漲看法而聞名。在最近對CNBC的採訪中，Pompliano繼續表達了他對加密貨幣的樂觀長期前景，因為它的交易低於關鍵水平。

Bitcoin (BTC) price kicked off 2025 down around 10%, in stark contrast to gold’s 20% gain. However, over a one-year time horizon, both assets had increased by roughly 35%, Pompliano pointed out. This divergence in performance over shorter time periods was not unusual.

比特幣（BTC）的價格啟動了2025年，大約下跌了10％，與Gold的20％增長相反。但是，在一年的時間範圍內，兩種資產都增加了約35％，Pompliano指出。在較短的時間段內性能的這種差異並不罕見。

“We’re used to seeing gold kind of lead these rallies and nobody really knows why that happens,” Pompliano said. “My kind of guess would be that a lot of the central banks and institutional investors they are either not approved to buy Bitcoin or they’re not used to running to Bitcoin in these moments of kind of geopolitical uncertainty. What we do see though, is when gold rallies, it’s usually a sign that central banks and/or large institutional players tend to prefer gold in times of geopolitical uncertainty.”

Pompliano說：“我們習慣於看到這些集會的領導，沒有人真正知道為什麼會發生這種情況。” “我的猜測是，許多中央銀行和機構投資者都不批准購買比特幣，或者他們不習慣在這種地緣政治不確定性的那種時刻跑到比特幣上。但是，我們所看到的是，當金牌大會時，它是中央銀行和/或大型機構的跡象，在地理上傾向於偏愛地理時代的金牌，這是一個跡象。

He added that typically when gold runs higher around 100 days later Bitcoin not only “catches up” but “tends to run even harder due to its higher volatility.”

他補充說，通常在100天后黃金較高時，比特幣不僅“趕上”，而且“由於其較高的波動性，比特幣往往更加艱難。”

One of the most significant shifts in the market is how investors are gaining exposure to Bitcoin. Pompliano noted a growing use of spot Bitcoin ETFs, not just by retail traders but also by sovereign wealth funds.

市場上最重要的轉變之一是投資者如何獲得比特幣的風險。 Pompliano指出，不僅是零售商人，而且是主權財富基金，對現貨比特幣ETF的使用越來越多。

“We’ve seen a lot of chatter about a sovereign wealth fund needing to disclose an investment in a Bitcoin ETF, which we can no longer name due to the fact that they went back and edited the filing,” Pompliano said. “We’re also aware of another sovereign wealth fund that's planning to apply for an ETF in order to gain exposure to Bitcoin.”

Pompsiano說：“我們已經看到有關主權財富基金需要披露對比特幣ETF的投資的chat不休，因為他們回去並編輯了文件，我們無法再命名。” “我們還知道另一個主權財富基金計劃申請ETF，以獲取對比特幣的接觸。”

This move highlights how institutions are “trying to get price exposure without the regulatory and geopolitical complications of self-custody,” Pompliano added.

pompliano補充說，這一舉動強調了機構“試圖在沒有自我監測的監管和地緣政治並發症的情況下，試圖獲得價格敞口”。

Is the U.S. government preparing a strategic Bitcoin reserve?

美國政府是否準備戰略比特幣儲備？

Pompliano discussed details from a recent conversation with Bo Hines, executive director of the President’s Advisory Council for Digital Assets. The takeaway? The U.S. government is interested in more than just holding confiscated Bitcoin—it may be looking to actively acquire it.

Pompliano討論了與總統數字資產諮詢委員會執行董事Bo Hines最近對話的詳細信息。外賣？美國政府不僅對被沒收的比特幣感興趣，而且還希望積極收購它。

“They’re going to buy as much Bitcoin as they possibly can,” Pompliano stated.

Pompliano說：“他們將盡可能地購買比特幣。”

While the methods of purchasing are still being debated—selling revalued gold or using tariff revenues—Pompliano confirmed that an interagency task force is actively exploring the best route. That move, if finalized, could set the stage for an entirely new layer of geopolitical positioning around Bitcoin. As Pompliano puts it, “Other countries may be acquiring Bitcoin by mining; the U.S. might buy it in a way that's best described as purchasing it outright.”

雖然購買方法仍在爭論（銷售重估的黃金或使用關稅收入）時，Pompsiano確認，機構間工作隊正在積極探索最佳路線。如果最終確定的話，這一舉動可以為比特幣周圍的全新地緣政治定位層奠定基礎。正如Pompliano所說，“其他國家可能通過採礦來獲取比特幣；美國可能以最好的方式購買它，因為它可以直接購買它。”