- Anthony Pompliano Charges Fiduciaries to Be Wary of Lacking Exposure to Bitcoin (BTC)
- Urges Donald Trump to “Buy Bitcoin” US Dollars Slides
- Bitcoin Could Leverage On the Trade War between United States and China
Bitcoin continues to defy the thoughts of the pessimists. Despite its usual halt for price correction, it keeps coming back stronger. It is believed that cryptocurrencies, especially Bitcoin that leads the crypto rally in the market would eventually overthrow fiat currencies at a later time. BTC promising future made Anthony Pompliano, to charge fiduciaries to be wary of lacking exposure to Bitcoin as it could be regrettable.
Bitcoin is being rallied with a supposed promising future. Actually, BTC is already welcoming needed global exposure, and its awareness to the top corners of the world is being done using different tools.
It is resolutely believed by the least influential in the crypto space that Bitcoin (BTC) and other cryptocurrencies will soon have the control over financial inflow and outflow globally.
Indeed, Bitcoin and other cryptocurrencies haven’t received much needed exposure, but obviously, it is still work in progress. BTC is well-known as Digital Gold, having stern competition with the physical and precious commodity.
Crypto pundits claim that limited number of Bitcoin in circulation gives it edge over its competitor, Gold, which has seemingly numerous supply.
Bitcoin is also seen as big challenge in some great countries of the world. Its consistent daily growth in the last 10 years of its emergence has been unimaginable.
Countries like United States, China, India and others have been looking for means to curtail its growth, by proposing Bills to either outlaw cryptocurrency or restrict its utilities among their countrymen.
This also has quite aided its awareness, as people keep searching to know more about its usability. Candidly, people are beginning to crave for decentralised banking.
Many people are craving to have control over their hard earned funds without government interference, and the adoption of Bitcoin and other cryptocurrencies could be the perfect solution.
Capital institutions of the world are beginning to delve into cryptocurrency, seems it’s getting to be understood that the world is gradually going digital, and no one wishes to be left out.
Bitcoin Could Leverage On the Trade War between United States and China
Trade war between United States and China is still in progress. China compels its citizens to boycott US by filtering its commodities, including the internet giants, such as Google, Wikipedia and others.
China sticks to its products as the trade war ranges. Bitcoin community has seen this as big means for the digital currency to garner its popularity for adoption due to its decentralised nature. 1 BTC is relatively 11,000 US Dollar at the moment, and it is seen as a distinct store of value, owing to its mode of growth.
Anthony Pompliano Urges Donald Trump to “Buy Bitcoin” as US Dollars Slides
Anthony Pompliano, the Morgan Creek Co-founder, is a popular Bitcoin maximalist that has never been on low key when it comes to Bitcoin’s awareness. He has consistently urged the United States government to adopt the use cases of BTC in full-scale.
Recently, the United States President, Donald Trump, made a sensitive tweet about the supposed manipulation of currency by China and Europe in order to compete with the U.S. Then the value of US dollar reportedly dropped in the middle of the trending tweet.
This prompted the famous Bitcoin influencer to charge the country to use BTC as safe haven instead of battling it, in order to disrupt it on its course to the top.
— Pomp 🌪 (@APompliano) July 3, 2019
Anthony Pompliano Charges Fiduciaries to Be Wary of Lacking Exposure to Bitcoin (BTC)
In another development, Anthony Pompliano charges fiduciaries to crave to know much about Bitcoin (BTC), as this could be otherwise regrettable.
He tagged Bitcoin as sound money, scarce and best performing asset, stressing that zero percent exposure to such bright commodity isn’t good enough.
“We are inching closer to a scenario where fiduciaries are going to receive pressure and tough questions if they have 0% exposure to Bitcoin. Sound money. Scarce asset. Best performing asset of last decade. Having no exposure to the non-correlated, safe haven asset is not good!”
Bitcoin (BTC) In the Market
Bitcoin is still changing hands above $11,000 resistance level. It has been stable in this region in the past few hours. At the time of filing this report, BTC is trading at $11,714, with 4% price increase in the last 24 hours. At some point today, Bitcoin touched $12,000 level.