Wed, April 03, 2024 at 14:39

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    Joy

    • Hey Annie, guess what?

    • Anthony Pompliano, the founder of Pomp Investments, is super bullish on Bitcoin!๐Ÿš€

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  • Annie

    • Really?

    • What's he saying?๐Ÿค”

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    Joy

    • He was on CNBC recently and said that it's hard to see how Bitcoin's price won't keep going up.

    • He mentioned a bunch of catalysts and historical precedents that make him believe this.

  • Annie

    • Historical precedents?

    • Like what?

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    • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... ๐Ÿ˜…

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    Joy

    • Well, he pointed out that we just hit a really important milestone before the halving.

    • We had the highest weekly, monthly, and quarterly close for Bitcoin.

    • The last four times this happened, Bitcoin appreciated at least 300% through the rest of the bull market!๐Ÿ˜ฒ

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  • Annie

    • Wow!

    • That's quite a prediction.

    • But isn't there always a risk it won't happen again?

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    Joy

    • Absolutely, Annie!

    • He did mention that it doesn't necessarily mean it's going to happen again.

    • But having this happen before the halving is like having a demand shock, and now we're going to have a supply shock.

  • Annie

    • I see... And how is Bitcoin doing right now?

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    Joy

    • As of now, Bitcoin is trading at $65,744.

    • That's up about 66% from the January low of around $39,500.๐Ÿ’ฐ

  • Annie

    • That's quite an increase!

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    • But why does he think the price is going up?

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    Joy

    • He thinks economic anxieties and hopelessness could be driving the price appreciation.

    • The dollar has lost 25% of its purchasing power in four years, and we have $1.1 trillion in credit card debt.

    • Plus, 43 million Americans have federal student debt with an average balance of $37,000.๐Ÿ˜ฐ

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  • Annie

    • That's a lot of debt...

    • So people are turning to Bitcoin out of desperation?

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    Joy

    • Kinda, yeah.

    • He said people have lost hope and are looking for ways to live in a country where it's cheaper to rent than to buy a home in 50 major metros.

    • Some people think that buying a memecoin has better odds than a lottery ticket, and many believe Bitcoin is actually the safest bet.

  • Annie

    • So, is this news good or bad for the market?

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    Joy

    • Well, if you're a Bitcoin holder or investor, this is definitely good news!

    • It suggests that the price may continue to rise.

    • But remember, investing in cryptocurrencies is risky and you should only invest what you can afford to lose.

    • To sum up, this article is considered a ๐Ÿ˜Bullish for investors!!