#1461 Anthony Pompliano | Bitcoin Predictions For CRAZY 2025
Jan 1, 2025
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Dive into the transformative year of 2024 for Bitcoin! Discover how institutional adoption surged, pushing prices towards $100,000 and the impact of Bitcoin ETFs. Explore the increasing acceptance among everyday investors and the positive shift in media narratives. The changing political landscape, including support from influential figures, adds to Bitcoin's growing credibility. As we look ahead to 2025, the discussion balances excitement with potential challenges, painting a vibrant picture of Bitcoin's future!
The significant institutional adoption of Bitcoin, fueled by the approval of ETFs, propelled its value from $40,000 to $108,000 in 2024.
The political landscape shifted favorably for Bitcoin with Donald Trump's pro-Bitcoin stance, signaling increased regulatory support and legitimacy for the cryptocurrency.
Deep dives
Surge of Institutional Adoption
The surge of institutional adoption played a significant role in Bitcoin's trajectory in 2024, culminating in a remarkable rise in value from around $40,000 to nearly $108,000. The approval of Bitcoin ETFs provided institutions with a familiar investment vehicle, allowing them to participate in the market without the need for direct exchanges. This influx of capital was driven by institutional awareness of the dollar's devaluation and the need for assets like Bitcoin to preserve purchasing power. Consequently, major financial players such as BlackRock saw substantial assets under management in their Bitcoin ETFs, dwarfing the growth of established gold ETFs in a fraction of the time.
Retail Adoption and Strengthening Holders
The number of retail investors in Bitcoin saw a notable increase, with ownership among Americans rising from 30% to an estimated 40% in just one year. This growth included a significant uptick in female investors, indicating broader demographic engagement with cryptocurrency. A striking aspect of this retail trend is the tendency of holders to resist selling, as approximately 50% of Bitcoin in circulation had not moved over the past two years. This strong commitment among retail investors is crucial for Bitcoin's long-term value, as it fosters a sense of community and elevates word-of-mouth promotion.
Political Landscape Shifts Towards Bitcoin
The political landscape regarding Bitcoin experienced a shift, particularly with Donald Trump presenting himself as the first pro-Bitcoin presidential candidate. His campaign promises included protection for Bitcoin and policies aimed at cementing the United States' role as a leader in the cryptocurrency space. Appointments of key figures, such as Paul Atkins as the new SEC chairman and David Sachs as the crypto czar, suggest an increase in regulatory support for Bitcoin. This alignment of political will and institutional acceptance signals a strong long-term tailwind for Bitcoin as it garners more legitimacy and public interest.
Anthony Pompliano records a solo episode breaking down the historical year of 2024 for bitcoin. Topics include institutional adoption, price hitting $100,000, bitcoin ETFs, nation states, MicroStrategy, other publicly traded companies, bitcoin miners, political environment, and where bitcoin goes from here.
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Pomp writes a daily letter to over 265,000+ 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/