Bitcoin, which fell after the ATH above $ 73,000 seen in March, dropped below $ 60,000.
While the decline in BTC before the halving caused investors to start talking about alternatives such as gold, Anthony Pompliano, founder of Pomp Investments, argued that Bitcoin will surpass gold.
Speaking to Fox Business, Pompliano said BTC's solid fundamentals, especially the upcoming halving, will make it bigger than gold.
Stating that the upward trend in Bitcoin continues, the famous name pointed out that BTC performed better than other assets such as gold in the four years after the last halving in 2020.
“We are four years after the last halving in 2020, and Bitcoin was at eight thousand dollars during the last halving. Today it is over $60,000.
There is no need to worry about Bitcoin's recent correction. People only see the decline in BTC, but there were also declines in gold and markets.
This decline is short-term. Because Bitcoin showed tremendous performances after the halvings in the long term. Historically, is there any other asset that has outperformed Bitcoin over a four-year cycle?
Bitcoin will again be the leader in the recovery and rise and will continue to perform very well in the coming years as it has in the last four years. “
Continuing to compare gold and Bitcoin, Pomliano said that those looking for “downside protection” should buy gold because it is less volatile, but for those who want to increase their purchasing power, Bitcoin is the best option. Because, according to Pomliano, everyone who holds gold has lost their purchasing power in the last 5 years.
At this point, Pompliano underlined that Bitcoin is digital gold and said, “The digital version of a product is always larger and more valuable than the analog version. And thus, Bitcoin will one day be more valuable than gold.” said.
*This is not investment advice.