Prominent cryptocurrency investor Anthony Pompliano appeared on a television show in the United States, explaining his views on SEC decisions and the overall market.
Pompliano began his speech by first assessing the legal battle between Grayscale and the SEC. The crypto phenomenon attributed the investment firm’s victory over the government agency to the problem-solving qualities of the American legal system. Grayscale had to go to court as the SEC rejected the company’s spot Bitcoin ETF applications.
The famous crypto investor argued that all pending spot ETF applications should be approved at the same time. Other companies applying for spot crypto ETFs include giants like Fidelity and BlackRock.
“Halving Will Move Bitcoin Price Up”
After his thoughts on the SEC, Pompliano talked about Bitcoin and altcoin markets.
The cryptocurrency phenomenon pointed out that the majority of circulating tokens are in the hands of long-term investors. Pompilano likened this to the bull market that started in late 2020.
“Confirmation of ETF applications and Bitcoin halving in 2024 could push the BTC price higher.”
Speaking on the TV show, the famous name mentioned Bitcoin tokens with fixed value. Referring to Bernstein’s prediction that the stablecoin market will grow from $125 billion to $3 trillion, Anthony Pompliano said:
“If this happens, the total size of the cryptocurrency market will reach 10 trillion dollars.”
