Investor and podcaster Anthony Pompliano has been an influential name in the Bitcoin world for years. Just before the recent U.S. presidential election, he sat down with Fox Business to discuss Bitcoin’s future and shared his optimistic view of the digital currency. To him, Bitcoin isn’t just a valuable asset – he sees it as “gold with wings.”
Bitcoin as the New Gold with Wings
Pompliano pointed out that the consistent loss of purchasing power of the U.S. dollar is driving both gold and Bitcoin upward. But, he explained, Bitcoin has something extra that makes it stand out.
He broke it down like this: Over the last five years, gold and the S&P 500 have delivered similar annual returns. Gold went up about 13%, and the S&P 500 around 14%. Bitcoin, however, has outpaced both. This is why Pompliano says that Bitcoin is like gold – but with wings. Both assets gain in value as the dollar weakens, yet Bitcoin’s performance is even more responsive. It’s a younger asset that’s still finding its price in the world, which gives it that extra edge.
What also makes Bitcoin unique, Pompliano explained, is its journey from the bottom up. Unlike traditional technology, where adoption typically starts at the top with governments and corporations, Bitcoin’s adoption began with individuals. First, individuals embraced it. Then we saw companies and major financial players like BlackRock and Fidelity getting on board with their Bitcoin ETFs. Now, central banks could be next, and perhaps even governments down the line.
Pompliano pointed out that central banks hold around 12% of all gold right now. He believes that, eventually, they’ll start buying Bitcoin too, a move that could drive Bitcoin’s price even higher.
The Shift from Banks to Bitcoin and Stablecoins
Pompliano also shared an interesting perspective on how people might choose to store their wealth in the future. He sees a growing shift toward Bitcoin and stablecoins over traditional banks.
Imagine how we currently use bank accounts: we have checking accounts for everyday transactions and savings accounts to store value. Stablecoins, he suggests, could take over the role of checking accounts since they act as digital dollars on blockchain networks. For the savings account role, Bitcoin fits the bill. The beauty of Bitcoin, according to Pompliano, is that you can park your wealth there and let it grow over time.
Blockchain data supports this shift. About half of all Bitcoin hasn’t moved in the past two years, and two-thirds of all Bitcoin stayed put over the last year – even as the price tripled. This shows just how much people are seeing Bitcoin as a store of value.
Bitcoin Reaches New Heights After Election
As of now, more than 24 hours after Donald Trump’s election win was confirmed, Bitcoin has hit a new all-time high of $76,203, according to CoinMarketCap data. This milestone underscores the increasing interest and confidence in Bitcoin, particularly as more people, companies, and institutions come on board.
You can watch the entire interview below: