Anthony Pompliano

Now it's like a 40 vol asset.

It drew down 50 percent.

That's kind of what you would expect in that kind of volatility environment.

And I think that there's just a lot of people who hold Bitcoin who say, look, I like it at 60 plus thousand dollars.

And the geopolitical uncertainty and chaos actually makes me want to own more Bitcoin rather than less because this thing is neutral and isn't subject to any one country.

One of the things that people have long talked about with Bitcoin is how do we get mass adoption?

And that was kind of the phrase everyone used.

And this is what mass adoption looks like, because you have individuals, you have companies, you have ETFs, you have countries.

Yeah, I think if you look at gold as a good example, people used to talk about $5,000 gold price and it was at $1,800.

Everyone kind of thought it sounded crazy, right?

It will get there.

I think Bitcoin is a very similar thing.

What the timeframe is, is very, very hard to nail down.

But what I will say is just look at the compound annual growth rate.

You know, if the stock market compounds at 8% to 10% a year, Bitcoin should do something that is multiples of that.

One is I think that there are a lot of countries who are saying, hey, how do I participate in this without explicitly going and buying Bitcoin itself?

And so you see them doing things like JVs on the mining side and stuff like that, especially the Gulf countries.

But also you've seen a number of disclosures where country sovereign wealth funds have gone and taken positions in the ETF.

And so I don't think it's kind of this like chaotic, enthusiastic hand over fist buying of Bitcoin that people thought they were going to do in their central bank.

But I do think that there has been allocations that we didn't have just two years ago.