American Entrepreneur Anthony Pompliano Advises Investors To Use Bitcoin Dips To Buy

American businessman and Bitcoin bull Anthony Pompliano he reaffirmed his bullish sentiments towards the leading crypto. During this time, he advised investors on what to do during the BTC dip and suggested that there is no need to worry despite that. Bitcoin’s recent malfunction.

Bitcoin Dips to Buy

In an interview on FOX Business, Pompliano pointed out that Bitcoin dips are buying opportunities and that every “big investor” who knows what he has understands that he should buy more when prices fluctuate. He went on to say that anyone who asks if they should buy more of this BTC soak it they may not actually know what they have, referring to the power of Bitcoin.

Pompliano made these statements while noting that the sale and institutional investors they are beginning to realize that Bitcoin is a “hard” asset that will become more valuable in the next five to ten years than it is now. The American businessman also explained how BTC has grown compared to previous market cycles while achieving impressive growth.

He said that Bitcoin experienced a price correction of 30% and 25% in 2017 and 2021. However, things have improved in this market cycle, as high-end crypto only meets price drop about 15%. He said this shows that BTC’s volatility is easing.

Meanwhile, he also noted that BTC has Spot Bitcoin ETFs in this market cycle, which was not in the previous bull run. He believes that these funds will have a significant impact on Bitcoin’s performance later this year. Pompliano predicts that Bitcoin could reach an all-time high (ATH) before the end of 2024.

However, he warned that BTC may no longer appreciate as high or as quickly as it used to now that institutions are invested in the flagship crypto through Spot Bitcoin ETFs. He also noted that this is due to the entry of these institutional investors reduced the volatility of Bitcoin.

Thoughts on Spot Ethereum ETFs

Pompliano also gave his thoughts on the Spot Ethereum ETF share price and when they can start trading. He said these funds may start trading this summer. He also added that they can start trading sooner rather than later based on rumors that Securities and Exchange Commission (SEC) is close to approving these funds.

He believes that Ethereum has a problem with BTC inflows and suggests that this may have a negative impact on the amount of income that Spot Ethereum ETFS attract. According to Pompliano, Bitcoin has one history as it is known as ‘a store of value‘, which he believes is enough to convince investors to invest in the crypto flagship.

On the other hand, he said that Ethereum has many articles, which creates a confusing story for the second largest crypto token by market cap. He noted that this could be the biggest problem for the Spot Ethereum ETF since then institutional investors it can be easy to get confused as to what Ethereum is all about and choose against investing in these currencies.

The featured image was created with Dall.E, a chart from Tradingview.com