Pomp Investments founder and Bitcoin bull Anthony Pompliano says BTC‘s rally is likely far from over.
In a new interview with CNBC, Pompliano says the crypto king is on its way to surpassing and potentially doubling the market cap of gold.
[adinserter block="1"]Furthermore, Pompliano expects the biggest crypto by market cap to blow past its all-time highs soon.
“As we near the record high, if we go back and look at past record high breaks or when we eclipse the old all-time high, three of the four times, Bitcoin doubled in 18 days or less. So you think about hat for a second. Once you break through an all-time high, that’s price discovery. What is this thing worth? The world is going to try and figure that out.
BTC just edged past its previous all-time high of nearly $69,000, which was set on November 10th, 2021, on multiple major exchanges including Coinbase, Binance and Bitstamp. It has since dipped back down and is currently trading for $65,321.
Pompliano also expects Bitcoin to ultimately surpass gold. With the yellow metal currently commanding a market cap of roughly $14 trillion, the investor says that BTC should eventually more than double that.
“Some people are looking for Bitcoin to be 10% or 50% of the market cap…
It will go past gold eventually. Bitcoin is a 10x improvement on gold. If you are a 10x improvement, to be two times the market cap makes sense.”
Follow us on X, Facebook and Telegram
Featured Image: Shutterstock/Dotted Yeti