The Pomp Podcast

Is Bitcoin In A Bear Market? | Anthony Pompliano

91 snips
Feb 2, 2026
A tight look at whether Bitcoin is in a bear market, exploring how halving cycles and a volatility drop change drawdown expectations. The impact of Wall Street tools, ETFs, and options on price dynamics gets unpacked. Discussions cover miner hash rate shifts, potential forced-selling risks from lending and treasuries, and why gold can rally while Bitcoin lags.
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INSIGHT

Bear Market With Lower Volatility

  • Bitcoin is likely in a bear market even if the drawdown is smaller than past cycles due to lower volatility.
  • Reduced volatility (from ~80% to ~40%) implies shallower booms and busts, not the old 80% crashes.
INSIGHT

Wall Street Is Taming Volatility

  • Financialization via ETFs and structured products is tempering Bitcoin's volatility.
  • New Wall Street strategies let managers extract fees and add hedging tools that reduce price swings.
INSIGHT

Price Moves Ahead Of Macroeconomics

  • Markets price forward: Bitcoin rose before inflation arrived and now prices reflect lower inflation risk.
  • The shift from inflation fears to deflation expectations explains part of the recent sell-off.
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