tl;dr
Anthony Pompliano, the founder of investment firm Morgan Creek Capital, predicts that by 2025, cryptocurrency, particularly Bitcoin, will be integrated into the traditional financial system, leading to significant growth and acceptance. He emphasizes Bitcoin's dominance and believes that while other...
Anthony Pompliano, the founder of investment firm Morgan Creek Capital, predicts that by 2025, cryptocurrency, particularly Bitcoin, will be integrated into the traditional financial system, leading to significant growth and acceptance. He emphasizes Bitcoin's dominance and believes that while other assets like Ethereum may enter the market, Bitcoin will remain the primary choice for investment.
Pompliano also asserts that Bitcoin will thrive regardless of whether the US can use it as a reserve asset. Despite recent market fluctuations, Bitcoin is currently trading at $94,108, reflecting a 2.1% decrease.
In a new interview with Fox Business, Pompliano states, "I think the big story of 2025 is going to be that crypto has now grown up and is part of the traditional financial system." According to Pompliano, Bitcoin will always be the king of crypto, and any argument for altcoins is a technological one. He highlights, "The Bitcoin argument is much more akin to ‘Do I want to protect my purchasing power?'"
The executive goes on to note that the top crypto asset by market cap will thrive whether the US can use it as a reserve asset or not. Last week, Fed Chair Jerome Powell announced that the US is legally not allowed to hold BTC as a reserve asset and isn’t looking to change the law, causing the market to dip. Bitcoin is trading for $94,108 at the time of writing, a 2.1% decrease on the day.