Anthony Pompliano, founder of Pomp Investments, asserts that Bitcoin will become the preferred asset for securing wealth generated by artificial intelligence (AI) over the next decade. In a recent interview with CNBC, Pompliano emphasized that AI will create enormous wealth, and Bitcoin will protect it due to its decentralized and secure nature.
Pompliano dismissed concerns that AI might overshadow Bitcoin and the broader cryptocurrency industry, suggesting instead that the two technologies will complement each other. He anticipates that the global productivity gains from AI will increase GDP, with Bitcoin acting as a safeguard for the resulting wealth.
Pompliano also addressed the current market downturn, noting that Bitcoin's 15% price decline is typical of bull markets. He remains optimistic about Bitcoin's future, predicting another price rally in late 2024 or early 2025, especially considering historical trends in halving years.
Despite negative sentiment driven by ETF outflows and fears of Mt. Gox Bitcoin repayments, Pompliano believes that the long-term outlook for Bitcoin remains strong.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
