Anthony Pompliano

Well, the simple thing is that we can just go straight to the data.

First, let's look at Bitcoin long-term holders.

Bitcoin Archive here shows that the Bitcoin long-term holders, they've bought 308,000 Bitcoin recently.

The reason why that's important is if you have a persistent bid in the market, then naturally you should expect the price to find a floor.

Some of this is coming from strategy or other companies in the public market, but also you're starting to see the OGs, the long-term holders that have been accumulating for a long time.

They were selling last year, starting to buy again.

That's usually a pretty good thing.

One thing to remember is that Bitcoin's volatility was like an 80 or 90 vol asset, but now that's compressed down to like 35 or 40.

So basically got cut in half or so.

Well, that makes sense if all of a sudden the drawdowns used to be 80%, 85% in bear markets, but now it's only been about 50%.

I don't know.

I'm not a mathematician, but that seems to be working in our favor.

Now, the other reason why I think that there is quite a bit of excitement and enthusiasm is that Morgan Stanley recently filed to actually publish a Bitcoin ETF.

They see what BlackRock's doing.

They see all the money that's being printed.

BlackRock is now a Bitcoin company.

They literally make more money from their Bitcoin ETF than any other product in their suite.

Congratulations to them.

Super smart of them to launch it.

And obviously it's been very successful.