Bitcoin Could Witness Both Demand and Supply Shock, Says BTC Bull Anthony Pompliano – Here’s How
Longtime Bitcoin ( BTC ) bull Anthony Pompliano says that the crypto king may witness two types of shocks in the coming months that could lead to an encore of the 2020 bull market.
In a new CNBC interview, Pompliano says that regulators will eventually green-light a spot-based Bitcoin exchange-traded fund (ETF).
According to the venture capitalist, Bitcoin could enter a full-blown bull market if the approval of a Bitcoin ETF happens around the time of the next BTC halving.
“ We have futures-based ETFs. I think we will get a spot Bitcoin ETF. The question is when.
One of the things people are not talking about though is this ETF is going to be a demand shock. There are going to be assets to flow into this industry when that occurs. But the closer and closer we get to the halving, it will coincide with a supply shock in that halving, and I think that we could see a repeat of 2020 where we go up quite significantly in price if that occurs.”