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The Pomp Podcast
#1445 Anthony Pompliano | What Happens When Bitcoin Hits $100,000?!
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.
12:47
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Quick takeaways
- Long-term thinking and patience in Bitcoin investments can yield significant rewards, particularly after enduring market fluctuations and declines.
- Growing institutional interest in Bitcoin suggests its potential integration into diverse financial products, enhancing its role in the investment landscape.
Deep dives
The Resilience of Bitcoin
Bitcoin has demonstrated remarkable resilience, rebounding significantly since a substantial decline in 2022, when prices dropped to $16,000. Currently, it has surged to nearly $100,000, showcasing a more than 500% increase over the two-year span. This dramatic recovery emphasizes the necessity for long-term thinking in investments, as Bitcoin encourages calmness amid market fluctuations. Investors who maintained their holdings during turbulent times have now reaped the rewards of tremendous appreciation, demonstrating that patience and conviction are beneficial in volatile markets.
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