Anthony Pompliano, founder and CEO of Professional Capital Management, recently appeared on Varney & Co. to share his views on the growing interest in Bitcoin and the intensifying global race to accumulate the digital asset.
Initial Appearance and Discussion
During the discussion, Pompliano noted that Bitcoin remains one of the most clearly defined assets in the financial space, noting that it is widely accepted as a commodity rather than a security. However, regulatory uncertainties regarding taxation and corporate participation still remain.
The Global Strategic Race
He noted that countries such as Russia, Abu Dhabi, El Salvador, and Bhutan are also actively purchasing BTC, creating a competitive environment reminiscent of the space race. According to Pompliano, the current US administration is focused on ensuring that America gains a dominant position in the Bitcoin market.
Long-term Value Prospects
During the interview, with Bitcoin trading at $84,000, Pompliano was asked about potential future price points. Rather than giving a specific timeline, he compared Bitcoin’s trajectory to that of gold, which has grown from a few dollars’ worth to a multi-trillion dollar asset.
Thus, Bitcoin continues to capture attention, and according to Pompliano, its fixed supply and sound monetary principles make it a unique store of value with the potential to surpass gold's $20 trillion market value.
