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Anthony Pompliano, an investor at Pomp Investments and former U.S. Army infantry sergeant, explains the significance of Bitcoin crossing the $80,000 mark. He notes that this is not just a psychological milestone, but also represents a new all-time high in inflation-adjusted terms. In 2021, the previous nominal high of $69,000 is equivalent to $80,000 today, meaning Bitcoin has officially surpassed its previous record.
Pompliano believes this is a crucial turning point that has captured the attention of the mainstream media and Wall Street. With the introduction of Bitcoin ETFs, a new pool of capital is now available to invest in the leading cryptocurrency. He expects this to drive continued strong demand for Bitcoin through the end of the year.
Diversifying Beyond Bitcoin
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