Prominent cryptocurrency investor Anthony Pompliano participated in a television program in the United States and explained his views on the SEC decisions and the overall market.
Pompliano started his speech by evaluating the legal battle between Grayscale and the SEC. The crypto influencer attributed the investment firm’s victory over the government agency to the problem-solving features of the American legal system. Grayscale had to resort to court action after the SEC rejected the company’s spot Bitcoin ETF applications.
The famous crypto investor argued that all pending spot ETF applications should receive approval at the same time. Other companies applying for spot crypto ETFs include giants like Fidelity and BlackRock.
“Halving Will Move Bitcoin Price Up”
Following his thoughts on the SEC, Pompliano talked about Bitcoin and altcoin markets.
The cryptocurrency phenomenon has drawn attention to the fact that the majority of tokens in circulation are in the hands of long-term investors. Pompilano compared the situation to the bull market that started in late 2020.
“The approval of ETF applications and the Bitcoin halving that will take place in 2024 may push the BTC price up.”
Speaking on the TV show, the famous name touched upon fixed-value tokens after Bitcoin. Referring to Bernstein’s prediction that the stablecoin market will grow from $125 billion to $3 trillion, Anthony Pompliano said the following:
“If this happens, the total size of the cryptocurrency market will reach 10 trillion dollars.”
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