Anthony Pompliano

I do believe in the future it will be, but the asset is not large enough, it is not mature enough, it does not have a long enough operating history, and it has not resonated with the central bankers in that way.

I actually would argue that central bankers look at gold as an asset.

It looks at it as something that could be an ally to them.

I think that a lot of central bankers still look at Bitcoin as a negative, as something that is competing with them.

And so that's a good reason or a good explanation, in my opinion, as to why gold is going up, but Bitcoin is going down, yet we are not expecting inflation.

And so Bitcoin didn't break as an inflation hedge.

I actually think that it's just gold is being bought for a different reason.

Now, when you expand out across the metals, you see silver, copper, platinum, et cetera.

Then you start getting into a lot of the industrial use cases, et cetera.

And also, you know, kind of supply constraints with things like platinum that are really driving the metal prices.

And so in conclusion, I think that Bitcoin

probably isn't a bear market.

My expectation is that Bitcoin is not going to just do a U-turn and all of a sudden go back to $126,000.

I think we've got some time here where Bitcoin is going to go kind of flat to down.

But if you've been around for a while, you know this.

When Bitcoin goes down, the hardcore Bitcoiners get excited.

They try to buy more Bitcoin.

They try to figure out, how do I continue to accumulate Bitcoin?

And a big thing, if you're new to Bitcoin, that you need to think about is, am I measuring my portfolio in Bitcoin or in dollars?

Different people do different things.