Anthony Pompliano drew attention to the fact that the first cryptocurrency has become a new form of treasury asset, and it should not be perceived only as an inflation hedge.
“Bitcoin’s decentralization differentiates it from traditional assets such as fiat currency or gold, which are subject to government influence and market volatility. There has been a fundamental shift in corporate finance. Companies are using the coin and its limited supply to improve their own financial stability,” Pompliano said.
According to the investor, Bitcoin’s potential as a sustainable treasury asset could change the corporate portfolios of many companies in the very near future, which will contribute to wider adoption of the first cryptocurrency in the global financial market.
Due to this, the volatility of Bitcoin will gradually decrease, and its cost and value for market participants will increase. According to Pompliano, we should follow the example of MicroStrategy, MetaPlanet and Semler Scientific, which are accumulating cryptocurrency on their balance sheets.
Earlier in an interview with Markets Daily, Anthony Pompliano said that the US government may continue to hold Bitcoin reserves for the next 10-15 years.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
