The founder of investment firm Morgan Creek Capital is identifying what could serve as a huge catalyst for Bitcoin (BTC) and the overall crypto market in 2025.
In a new interview with Fox Business, longtime crypto bull and influencer Anthony Pompliano says that digital assets are maturing and earning their place at the table in terms of being accepted by the traditional finance world.
“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. And there’s pros and cons to that. But now we have a seat at the table – you saw that in the political arena in terms of donations and influence. But you also now are going to see it in the financial arena and that is going to be a huge tailwind I think for Bitcoin and crypto in 2025.”
According to Pompliano, Bitcoin will always be the king of crypto and any argument for altcoins is a technological one.
“I think that Bitcoin is the king and will remain the king. Most of the capital flows from the traditional world are going into Bitcoin. There are going to be other assets that enter into the market, you obviously see the Ethereum (ETH) ETF get approved and you’ll probably see others get approved as well.
But the argument for anything other than Bitcoin is a very different one – it’s a technology argument. It’s no different than trying to pick between Google, Amazon, and Facebook. 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 reverse asset and isn’t looking to change the law, causing the market to dip.
Bitcoin is trading for $94,108 at time of writing, a 2.1% decrease on the day.
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Mehron Rokhy
https://dailyhodl.com/2024/12/27/investor-anthony-pompliano-says-one-factor-will-be-a-huge-tailwind-for-bitcoin-and-crypto-in-2025/
2024-12-27 20:55:40
