Pompliano talks about the reasons BTC may exceed expectations soon
Bitcoin continues to capture attention as Anthony Pompliano, founder and CEO of Professional Capital Management, shared an optimistic long-term outlook for the cryptocurrency during a recent interview with CNBC.
Currently, Bitcoin (BTC) is priced around $85,000 after a previous decline to $76,000. Pompliano discussed Bitcoin’s role in the global financial system, likening it to gold and suggesting that significant institutional and governmental changes may be on the horizon.
As Bitcoin begins 2025 with a roughly 10% drop, gold has seen a 20% increase. However, Pompliano emphasized an important trend: over the past year, both assets have experienced approximately 35% gains, a divergence that he considers not unusual.
“Gold typically leads these rallies, and the reason behind it is somewhat unclear,” Pompliano noted. “My assumption is that many central banks and institutional investors are either not permitted to buy Bitcoin or are not accustomed to turning to it in times of geopolitical uncertainty. What we observe, however, is that when gold appreciates, it suggests that central banks and institutional entities prefer gold during such uncertain times.”
He added that historically, when gold prices rise, Bitcoin often “catches up” within about 100 days and tends to increase even more sharply due to its inherent volatility.
ETFs and sovereign wealth funds increasing exposure
A significant trend is emerging in how investors are engaging with Bitcoin. Pompliano noted the increasing adoption of spot Bitcoin ETFs, not solely by retail investors but also by sovereign wealth funds.
He pointed out a recent, somewhat overlooked announcement from an undisclosed sovereign fund revealing its exposure to Bitcoin through these ETFs. This indicates that institutions wish to gain price exposure while avoiding the regulatory and geopolitical challenges associated with self-custody.
Is the U.S. planning to establish a strategic Bitcoin reserve?
Pompliano shared insights from a recent discussion with Bo Hines, executive director of the President’s Advisory Council for Digital Assets. The key takeaway? The U.S. government is reportedly interested not just in retaining confiscated Bitcoin but may also be considering actively acquiring more.
“They’re going to buy as much Bitcoin as they possibly can,” Pompliano stated.
While discussions are ongoing about the purchasing methods—whether through selling revalued gold or utilizing tariff revenues—he confirmed that an interagency task force is exploring the most effective approach. If implemented, this move could redefine geopolitical dynamics surrounding Bitcoin. As Pompliano articulates, “Other nations might be acquiring Bitcoin through mining; the U.S. may opt to purchase it directly.”