Bitcoin (BTCUSD)

[ap17]

From nutshell:
THE RISE OF INSTITUTIONS 🏦

Larry Fink has become Bitcoin’s most influential figure.

That’s the latest out from Anthony Pompliano.

Pomp
In his latest interview, Pompliano was asked the following question:

Does the rise of institutional adoption effectively kill what Bitcoin stands for - decentralisation?

The short answer?

No. It doesn’t.

Here’s what Pomp had to say:

“Owning a large portion of the coins will not give them any new power that the system doesn’t give to other people. If you own 1 Bitcoin or 60% of the Bitcoin in circulation, you have the same power in terms of the system itself.”


Anthony Pompliano
As we explained yesterday, the beauty of Bitcoin is that it is truly decentralised.

No one entity controls it. (no matter how much they own) 💪

So it doesn’t matter if the institutions end up owning a large percentage of the supply.

Pomp even explains that Larry Fink is now Bitcoin’s greatest advocate.

“The most important Bitcoin evangelist is Larry Fink. Him going on national TV and saying people are buying Bitcoin, it’s a flight to quality. The messenger matters so much.”


Anthony Pompliano
Larry Fink is just repeating the same things that Bitcoiners have been saying for over a decade.

BUT the messenger makes all the difference here.

Now people are listening…

Closing out the interview, Pomp gave a rough price prediction for this cycle:

“I think in this cycle, I could see over $150,000… Probably not higher than $200,000.”


Anthony Pompliano
And although that’s on the lower end of predictions we’ve seen recently…

It’s still more than a 2x from where we are today. (can’t really complain about that if it were to play out) 🔮