Anthony Pompliano dismisses Bitcoin volatility, highlighting resilience and growth potential.has surged once more, reclaiming the esteemed $65,000 threshold across major spot exchanges. This resurgence swiftly followed Federal Reserve Chair Jerome Powell’s declaration that interest rates have reached their zenith, with possible reductions on the horizon.
Powell emphasized that the future trajectory of interest rates hinges on forthcoming economic data. Despite this, he clarified that he doesn’t anticipate rate cuts returning to ultra-low levels. Lower interest rates typically favor risk-on assets like Bitcoin, explaining the recent price surge. Market participants were also wary of the Fed’s stance on future rate cuts. Some traders hedged their positions, anticipating a potentially more hawkish tone from Powell. However, with the outlook for rate cuts now appearing stable, BTC has surged to new highs., founder of Pomp Investments, dismissed concerns by dubbing it “a pullback for ants.” Speaking on Bloomberg, Pompliano provided insights into Bitcoin’s resilience, citing historical data.
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