- Anthony Pompliano announced that the race to accumulate Bitcoin has begun by referring to BlackRock’s Bitcoin spot exchange-traded fund (ETF) application, which is the world’s largest investment company.
- Pompliano stated that all institutions and individuals are striving to get their share of the circulating 21 million Bitcoins.
- Pompliano stated that large asset managers like BlackRock have now realized the power of Bitcoin and have allocated a place in their portfolios for the world’s largest cryptocurrency.
Anthony Pompliano, the founder of Pomp Investments, spoke about BlackRock’s Bitcoin ETF application and said that the race for Bitcoin has begun.
Bold Statements About Bitcoin from Pompliano
Anthony Pompliano, the founder of Pomp Investments, announced that the race to accumulate Bitcoin has begun by referring to BlackRock’s Bitcoin spot exchange-traded fund (ETF) application. If this application is approved, it will be the first crypto spot ETF in the United States.
Speaking with Brian Sullivan on the “Closing Bell” segment, Pompliano stated that all institutions and individuals are striving to get their share of the circulating 21 million Bitcoins.
Sullivan referred to Bitcoin as the “cool kids’ thing” and called BlackRock the “most boring company in the world.” The host then asked if BlackRock’s ETF application would affect Bitcoin in any way. Pompliano responded as follows:
“If I ask people on Wall Street if they own Bitcoin, they will tell me it’s the riskiest asset in their portfolio. If I then talk to people in the crypto community, they will tell me it’s the ‘boomer’ coin and the most boring thing in their portfolios. And for me personally, as an investor, this is where I want to sit. I want to have the riskiest asset in the conservative investor’s portfolio and the most conservative asset in the risk-taker’s portfolio.”
Pompliano stated that large asset managers like BlackRock have now realized the power of Bitcoin and have allocated a place in their portfolios for the world’s largest cryptocurrency.
He also added that Bitcoin is still the king and that will not change. While the founder of Pomp Investments believes that Bitcoin will continue to be the winner in the market, he reminded investors to “buy great assets and never sell them.”
BlackRock’s Move Mobilizes Institutions
Following BlackRock’s application, many asset management companies such as WisdomTree, Invesco, and Valkyrie have also submitted their own Bitcoin ETF applications. Influential figures in the crypto community have shown bullish sentiment regarding the potential approval of BlackRock’s spot BTC ETF.
In addition, it is expected that Fidelity Investments will also apply for a spot Bitcoin ETF in the near future.
