Bitcoin has passed a major milestone in its crypto journey by reaching $100,000 per coin. While the market debates the factors behind this success, Anthony Pompliano, founder and CEO of Professional Capital Management, made bold statements regarding the future of Bitcoin in a recent interview.
Pompliano, a longtime Bitcoin advocate, argued that BTC has become the ânew S&P 500â and serves as a benchmark for investors. âIf you canât beat Bitcoin, you should buy BTC,â Pompliano said, noting the growing trend of younger investors who see Bitcoin as a key benchmark for portfolio performance.
Unlike traditional indices like the S&P 500, Bitcoin operates 24/7, providing unparalleled liquidity and sensitivity to global economic conditions. âThe S&P 500 doesnât operate 24/7, 365 days a year, BTC does,â Pompliano explained. He added that Bitcoinâs utility and liquidity make it an attractive asset in an era when younger generations are moving away from traditional benchmarks.
When asked about Bitcoinâs potential performance under changing political leadership, Pompliano remained optimistic. âBitcoin will do well no matter who the president is,â he said. While he acknowledged that policy decisions under President Trump, such as a potential national Bitcoin reserve, could affect short-term price action, he said Bitcoinâs long-term trajectory remains solid.
He also addressed concerns about Bitcoinâs adoption. âIf you want mass adoption, Wall Street and institutions have to get involved, which changes the dynamics of who holds Bitcoin and how itâs used,â he said, addressing a common argument among die-hard Bitcoiners over preserving the cryptocurrencyâs decentralization.
*This is not investment advice.