Morgan Creek Digital co-founder Anthony Pompliano, in a comment to CNBC, noted the uniqueness of the first cryptocurrency and its “discipline.”
“The thing is that Bitcoin is just very disciplined. It is the most disciplined central bank in the world. He doesn’t care about news or geopolitics,” the crypto enthusiast explained.
According to Pompliano, the decentralized nature of digital gold would ensure its continued adoption even if governments impose restrictions.
Among the main factors for Bitcoin’s growth, the co-founder of Morgan Creek Digital noted aggressive fiat printing and low interest rates. He believes that the current economic situation is also contributing to renewed interest in the asset.
“BlackRock is about to launch [биткоин-ETF]. You see they are preparing for approval. […] I don’t think BlackRock would go through all this [если бы не был уверен]. There is a risk to reputation. People know what they are doing. Most likely, the tool will be approved,” Pompliano added.
In September, the co-founder of Morgan Creek Digital expressed confidence that the US Securities and Exchange Commission (SEC) would approve a spot Bitcoin ETF, which would bring “billions of dollars” into the crypto industry.
On August 31, the SEC delayed its decision on several Bitcoin ETFs until at least mid-October. At the end of September, the regulator postponed consideration of applications to January 2024.
Let us recall that in October, Matrixport analysts predicted the growth of digital gold as a result of the approval of an exchange-traded fund for the first cryptocurrency to $42,000-56,000. CryptoQuant received values of $50,000-73,000.
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2023-10-28 07:55:44
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