Anthony Pompliano

Now, as Bitcoin has entered into the Wall Street world, what we are watching is all of these firms try to figure out, how do I take my type of strategy, apply it to Bitcoin, where there's lots of volatility and lots of alpha, and extract economic value for me and my investors?

We originally saw public companies adopting it with strategy and others.

We then saw the ETFs become very popular.

Asset managers are simply saying, hey, I can take a 25 basis point fee on helping people buy Bitcoin, and then I can continue to take that year after year after year.

So there's an economic incentive for them to do so.

But now we're seeing things like covered call strategies that are going out as ETFs from those same asset managers.

We also are seeing the introduction of other types of options into the market.

And so now people can hedge.

They can apply different types of pressure, both on the downside or upside of Bitcoin.

The financialization of Bitcoin is going to temper volatility, in my opinion.

And that's what we've been seeing, both in terms of the launches of these products and the adoption by the consumer, but also in the decreasing volatility.

Now, the other thing that I think is really important here that people aren't talking about is I believe that markets are forward-looking.

Actually, I would argue that that is just how markets operate.

It doesn't matter what my opinion is.

Markets try to look forward and investors say, based on what I believe is going to happen, I want to act today rather than wait.

so if you go back to 2020 and 2021 when people thought that there was going to be high inflation because of undisciplined government spending what did they do they said i'm going to buy bitcoin today i'm going to buy gold today i'm going to buy inflation hedges before the inflation shows up i'm going to prepare my portfolio and that was a really good decision stanley jericho miller paul tudor jones and many others along with everyday individuals all were preparing for inflation that eventually came but they bought the assets before

And so Bitcoin had run from 10,000 to 60,000 before high inflation ever showed up.

And that is because markets are forward looking.

Now, if you fast forward to just last year, we saw Bitcoin run up.

When the Trump administration got elected, the price of Bitcoin was about 70K.