Anthony Pompliano

We've seen Bitcoin sell off.

And maybe a big difference between April and today.

In April, everyone knew what the catalyst was.

President of the United States comes out with a science fair poster and he says, hey, here's all the tariffs we're going to do.

People freak out.

Empty shelves.

Great Depression is coming.

World's ending.

You know, sell everything.

Got it.

I don't know if there's really a catalyst that you can point to as to what's driving the sell off in the same way.

Now, when we get towards the end of the year, there's a lot of people who say, well, maybe some fund managers will chase.

Some people look at Q4 as normally really good performance.

Bitcoin, I think average return in Q4 going back to 2015 is like 60%, 59%.

There's all these things of like good performance, but then the dynamics you're talking about may be counter to that.

Dan Ives came out on Friday morning, and he said he remains firmly bullish.

He believes that this is kind of a short-term panic, and there is the sell-off, but he sees us rallying hard into the end of the year.

Eric Balkchunas pointed out that on Thursday and Friday of this week, there was actually pretty low volume.

There was a spike, but it wasn't even in the top 20 days from a volume perspective.

And therefore, that usually signals some type of short-term lived drawdown rather than like a full-on panic where you get a really big spike of volume.