Anthony Pompliano
π€ SpeakerAppearances Over Time
Podcast Appearances
We are going to continue to build all this stuff.
And so the industrial demand for silver, copper and platinum is going to continue.
And that will likely lead to higher and higher prices over time.
Now, that brings us to Bitcoin.
Remember, the metals are all up and they're up substantially, 40% to 250% over the last year.
Bitcoin is down 16% at the same time.
And so I think that there's a couple of pieces here that are worth paying attention to.
First, you have the adoption by Wall Street.
And I think that, you know, Jordy Visser has pointed out this IPO moment of Bitcoin.
You
You have people who had been holding Bitcoin for 10 plus years.
They started to sell their Bitcoin or to hand it off to the Wall Street folks.
You know, a big reason why they might've held Bitcoin is because it was outside the system.
It was antithetical to everything that Wall Street stood for.
It had this aspect of being something that resisted the man or resisted the system.
And so now that it's being brought into the system, those people may be not as excited.
They may think that there's not as much upside to it.
Obviously, Peter Thiel and many others have publicly said that they think that Bitcoin's future prospects may not be as asymmetric as the past.
I don't think that's a crazy idea.
But the question is, how much will it continue to appreciate?