The Pomp Podcast #1445 Anthony Pompliano | What Happens When Bitcoin Hits $100,000?!
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Nov 29, 2024 Anthony Pompliano dives into the exciting prospect of Bitcoin hitting $100,000. He discusses the importance of long-term thinking and the surge in Bitcoin's hashrate. Historical trends reveal the dramatic price swings, prompting a need for resilient investing strategies. Conviction among long-term holders is emphasized as a key factor. The potential implications of rising prices on the U.S. government and the future of cryptocurrency create a thrilling outlook for investors.
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Bitcoin's Core Value
- Bitcoin’s price fluctuates between extremes, but its core function remains consistent.
- Long-term calmness and understanding are key to successful Bitcoin investing.
Bitcoin's Strength
- Bitcoin's hash rate is near all-time highs, indicating network strength.
- Many Bitcoin holders demonstrate strong conviction by holding through price fluctuations.
Managing Volatility
- New Bitcoin holders must learn to manage volatility and focus on long-term trends.
- Thoroughly research and understand Bitcoin's underlying technology and potential.