Wed, April 03, 2024 at 14:39

• 

  Joy

  • Hey Annie, guess what?

  • Anthony Pompliano, the founder of Pomp Investments, is super bullish on Bitcoin!🚀

  • 
• Annie

  • Really?

  • What's he saying?🤔

  
• 

  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?

  
• ADward

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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!😲

  • 
• Annie

  • Wow!

  • That's quite a prediction.

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

  
• 

  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?

  
• 

  Joy

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

  • That's up about 66% from the January low of around $39,500.💰

• Annie

  • That's quite an increase!

  • 

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

  
• 

  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.😰

  • 
• Annie

  • That's a lot of debt...

  • So people are turning to Bitcoin out of desperation?

  
• 

  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?

  
• 

  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 😍Bullish for investors!!