Bitcoin Investor Week 2026 is currently underway in New York, with investor interest turning once again to the trajectory of Bitcoin (BTC-USD) and the burning question of whether the market has found its "bottom" or is simply enduring another "crypto winter." On the sidelines of the event, Anthony Pompliano, founder and CEO of Professional Capital Management, sat down with Julie Hyman of Yahoo Finance to describe the current market sentiment and evaluate the future of the cryptocurrency market.
When asked if the atmosphere points toward a new "crypto winter," Pompliano reportedly argued that panic is absent, replaced by a sense of calm and confidence. As he noted, most investors currently in the market have already weathered multiple cycles of extreme volatility—including corrections exceeding 50%—and view Bitcoin as an asset with robust long-term prospects.
"Bitcoiners" are accustomed to extreme volatility
According to Pompliano, unlike traditional investors, "Bitcoiners" are intimately familiar with extreme volatility. He invoked the global financial crisis, when equity markets fell by 50%, pointing out that similar fluctuations have occurred repeatedly in Bitcoin over the last decade. He reportedly stated that if someone found the price of $126,000 attractive, they are even more likely to buy at $68,000.
Pompliano noted that he currently holds more Bitcoin than ever before and estimated that accumulation will continue. He believes investors increasingly recognize the long-term value of a scarce digital asset in an environment of constant monetary expansion.
Short-term turbulence
Regarding short-term prospects, he reportedly admitted that predicting a "bottom" is exceptionally difficult. However, he argued that the greatest risk to the US economy may be deflation rather than inflation. In his analysis, Bitcoin acts as a discounting mechanism: in 2020, it surged by 600% well before the wave of high inflation arrived.
Today, he mentioned that investors may be discounting a different macroeconomic scenario, involving a temporary drain on liquidity and a potential reduction in interest rates. Despite short-term pressures, he estimated that Bitcoin could return to all-time highs within the coming years.
Institutional adoption
Referring to institutional adoption, Pompliano reportedly argued that Wall Street has finally "surrendered." As he said, institutional investors who previously dismissed Bitcoin are today developing strategies and products around it, characterizing Bitcoin ETFs as the most successful product launch in the history of Wall Street. In his view, Bitcoin supporters have "won" by successfully penetrating the traditional financial system.
Regarding leveraged products and investor losses, he reportedly commented that markets always produce winners and losers. He maintained that a strategy of dollar cost averaging and long-term holding remains sufficient for those not seeking short-term gains through leverage. Furthermore, he estimated that pressures from Wall Street create opportunities for new investors to enter at lower price levels.
Forget the dollar
Asked about his personal returns, he replied—according to the interview—that "one Bitcoin equals one Bitcoin," implying that he does not evaluate his investment in dollar terms. Regarding the utility of the asset, Pompliano reportedly argued that he uses it daily as a means of preserving purchasing power against the continuous devaluation of the US dollar, which he noted has lost over 30% of its value since 2020.
In his view, investors are seeking to distance themselves from the currency by choosing assets such as real estate, gold, stocks, or Bitcoin, with the latter having strengthened significantly even after the volatility of recent years.
Risk from the dollar
Answering why he does not convert his profits into dollars, he reportedly stated that he considers the US dollar itself the riskiest element of a portfolio, as it is the only one guaranteed to lose value over time. He also argued that, just as some cultures pass gold from generation to generation, he intends to hold Bitcoin and bequeath it to his descendants.
According to Pompliano, the primary function of Bitcoin is first and foremost saving and the preservation of value, while stablecoins may eventually dominate daily transactions. As he reportedly underlined, as long as Bitcoin does not go to zero, he estimates that in the long run, it could even reach $1 million.
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