Your Window To Invest in Bitcoin Is Running Out; Just Like the Great Space Race, It’s Now a Race for Institutions To Accumulate What Is Left (Anthony Pompliano)
You’ve had a 15-year head start to invest in Bitcoin, but highly illiquid assets with huge demand mean parabolic prices increase.
Source — Anthony Pompliano YouTube
Anthony Pompliano, AKA Pomp, says you should stand for something.
Pro-critical thinking.
Pro-free speech.
Pro-innovation.
Pro-capitalism.
Pro-America.
Pro-tech.
Be Pro-anything because being stuck in an occupation that deals with theories later down the line will answer to a profession that deals with reality.
Bitcoin is becoming a new reality.
Pomp is a popular Bitcoin commentator, Ex Snap Chat, and Facebook executive who challenges conventional wisdom and says Bitcoin can revolutionise the traditional financial system.
It’s what he stands for.
Bitcoin represents a once-in-a-generation opportunity for individuals who want to opt out of the broken financial system and take control of their future.
He thinks the current financial system is stacked against you and unfair to everyone. The people who are rich and powerful get help when things go wrong, but regular people are left to suffer.
Bitcoin is a way to protect your money and become financially independent.
People can take control of their finances and not rely on the broken system that we have today. It’s like having a bank account that nobody can take away from you.
Anthony Pompliano — Source
“Bitcoin is your opportunity to opt out of the broken financial system that we have today.
The financial system is rigged against the little guy. The people on the top get bailed out, and those on the bottom hold the bag.
So what we’re seeing is people are starting to realise that Bitcoin is a way to protect their wealth, it’s a way to opt out of the system, and it’s a way to get financial sovereignty.”
Institutions Are About To Accumulate Bitcoin in the Same Way a Bunch of Countries Tried To Get to Space First.
You don’t want to get left behind.
BlackRock, a financial giant with a $9 trillion portfolio, just announced a Bitcoin ETF application. The potential impact could be significant.
Exchange-Traded Funds are like a basket with different assets, such as stocks, bonds, or even Bitcoin. When you invest in one, you’re buying shares of that basket, which exposes you to its underlying assets.
Bitcoin commentators flocked to Twitter like birds migrating south to share their thoughts on the potential impacts of BlackRock’s supply and demand dynamics entering the space, with some sharing back-of-the-napkin calculations.
An estimated 2.2 million Bitcoins, valued at approximately $66.7 billion, are currently on exchanges (according to Chainalysis). If BlackRock allocated a mere 0.74% of its assets to Bitcoin, it could absorb all available coins on exchanges.
Pompliano says the market has responded positively to BlackRock showing up with an increase of 20% in Bitcoins price. And if Cryptocurrency can reach a market cap of $1 Trillion with just retail investors buying (you and me), what will happen when institutions with deep pockets come into play?
Here’s how the market reacted to the news.
It’s a Race to the Top, and You Don’t Want To Get Left Behind.
BlackRock’s ETF success rate with the SEC is 575 to 1.
Their recent move has caught our attention, especially considering the SEC’s cautious approach to the crypto industry.
As a significant player in the financial world, it makes you wonder: does BlackRock have unique insights into the industry we’re unaware of? Or will this be a rare stumble?
Only time will tell.
After the publication of BlackRocks application to the Federal Register, the SEC has 45 days in the first time interval to approve, reject or extend a review of the ETF. Approvals currently take a median of 221 days.
As much as this could be a race to the top, it is still a marathon, not a sprint. There’s still time for this to all play out.
The timing is interesting by BlackRock and not an accident, considering we are under a year out from the Bitcoin halving, which usually has a positive run-up in the price for Bitcoin in the lead-up to that event.
So BlackRock may be anticipating having the ETF in place ahead of time to maximise returns. It’s why Pomp is saying you’ve got to consider accumulating Bitcoin.
Anthony Pompliano — Source
“Everyone has heard of the space race, where many countries got together and tried to get to space first, but now we’ll see the great accumulation race.
And what I mean by that is that we have institutions and individuals all scrambling, trying to get their share of the 21 million Bitcoin that will ever exist.
The retail investor for 15 years has had a headstart, and they’ve accumulated Bitcoin in circulation. 68% of that bitcoin hasn’t moved in over a year, so what it means for BlackRock and other organisations that have filed for ETFs or other products is they’ve shown up to the market and want to buy Bitcoin.
Bitcoin is a highly illiquid asset, and Bitcoiners don’t want to sell to Wall St.
So the only thing that can move when you have a fixed supply asset that’s highly illiquid, and there’s a bunch of demand that comes into the market is the price has to go up.
How long that takes is anyone’s guess.
That’s the story here.
The great accumulation race is underway.
Final Thoughts.
I don’t see the SEC accepting a Bitcoin ETF from a significant player in the financial industry ahead of them launching a Central Bank Digital Currency.
They’ll stretch this process out like a rubber band until it’s on the verge of snapping.
The financial planners running America are now aware that this digital age is a land grab, and a Bitcoin ETF legitimises an asset they don’t own and relinquishes any foothold America has of the Dollar maintaining its dominance.
Having watched five years of Bitcoin gains be wiped away with a single rate hiking cycle by the Fed to bring inflation down, many more factors will impact the price, presenting countless opportunities over the next few years to accumulate Bitcoin gradually.
Don’t get sucked into the hype or fear missing out.
As much as I agree with Pomp’s sentiments around supply and demand and the cascade effect that can happen with Bitcoin, the space race was a 20-year competition. It’s the same with Bitcoin.
You have more time than you think.
Time isn’t running out.