#1282 CNBC Sit Down | Bitcoin’s Bull Market Has Begun

Dec 12, 2023

CNBC journalist Talia Kaplan discusses the Federal Reserve, financial markets, interest rates, and why she believes bitcoin bull market has begun. They explore the surge in Bitcoin price, Jamie Diamond's comments on shutting down crypto, the potential benefits of embracing crypto in America, and the outlook for crypto in 2024 including catalysts and potential price appreciation.

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INSIGHT

Bitcoin Bull Market Drivers

Bitcoin's price increases with more buyers than sellers, driven by speculation, macro environment, and market certainty.
These factors, coupled with a large amount of illiquid Bitcoin, suggest the bull market is starting.

INSIGHT

Bitcoin Cycle Duration

Bitcoin bull markets historically last 2.5-3 years from the bear market bottom to the bull market top.
An 80% drawdown typically follows, indicating a cyclical pattern.

INSIGHT

Bitcoin Miner Outperformance

Bitcoin miners have outperformed the S&P and even Bitcoin itself in 2023.
This is due to their leveraged nature and operational management.

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Anthony Pompliano sat down with CNBC's Talia Kaplan. Topics include Federal Reserve, financial markets, interest rates, bitcoin, why he expects capital to flow into the asset class, and why he believes bitcoin bull market has begun.

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Pomp writes a daily letter to over 250,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/