当Anthony Pompliano概述了看涨的长期愿景时，比特币（BTC）仍然处于焦点

比特币（BTC）的启动2025下降了约10％，而黄金上涨了20％。但是Pompliano很快指出了一个关键趋势：一年的地平线

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.

专业资本管理的创始人兼首席执行官Anthony Pompliano以其对比特币的看涨看法而闻名。在最近对CNBC的采访中，Pompliano继续表达了他对加密货币的乐观长期前景，因为它的交易低于关键水平。

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.

比特币（BTC）的价格启动了2025年，大约下跌了10％，与Gold的20％增长相反。但是，在一年的时间范围内，两种资产都增加了约35％，Pompliano指出。在较短的时间段内性能的这种差异并不罕见。

“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说：“我们习惯于看到这些集会的领导，没有人真正知道为什么会发生这种情况。” “我的猜测是，许多中央银行和机构投资者都不批准购买比特币，或者他们不习惯在这种地缘政治不确定性的那种时刻跑到比特币上。但是，我们所看到的是，当金牌大会时，它是中央银行和/或大型机构的迹象，在地理上倾向于偏爱地理时代的金牌，这是一个迹象。

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.”

他补充说，通常在100天后黄金较高时，比特币不仅“赶上”，而且“由于其较高的波动性，比特币往往更加艰难。”

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.

市场上最重要的转变之一是投资者如何获得比特币的风险。 Pompliano指出，不仅是零售商人，而且是主权财富基金，对现货比特币ETF的使用越来越多。

“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说：“我们已经看到有关主权财富基金需要披露对比特币ETF的投资的chat不休，因为他们回去并编辑了文件，我们无法再命名。” “我们还知道另一个主权财富基金计划申请ETF，以获取对比特币的接触。”

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

pompliano补充说，这一举动强调了机构“试图在没有自我监测的监管和地缘政治并发症的情况下，试图获得价格敞口”。

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

美国政府是否准备战略比特币储备？

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讨论了与总统数字资产咨询委员会执行董事Bo Hines最近对话的详细信息。外卖？美国政府不仅对被没收的比特币感兴趣，而且还希望积极收购它。

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

Pompliano说：“他们将尽可能地购买比特币。”

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.”

虽然购买方法仍在争论（销售重估的黄金或使用关税收入）时，Pompsiano确认，机构间工作队正在积极探索最佳路线。如果最终确定的话，这一举动可以为比特币周围的全新地缘政治定位层奠定基础。正如Pompliano所说，“其他国家可能通过采矿来获取比特币；美国可能以最好的方式购买它，因为它可以直接购买它。”