Pompliano Reaffirms Bitcoin Dominance Amid ETF Custody
Crypto entrepreneur Anthony Pompliano told CNBC’s Squawk Box that Bitcoin remains the clear market leader. He contested the “blockchain, not Bitcoin” narrative, arguing that Bitcoin’s proven track record and demand as a store of value surpasses blockchain-only solutions. Pompliano highlighted a split between investors seeking yield and those who prefer direct asset ownership. He noted growing interest in BTC ETFs, driven by institutional-grade custody and security benefits. Despite this trend, core enthusiasts still favor self-custody. Pompliano warned that diversified positions across ETFs, infrastructure stakes, and wallet holdings could amplify price swings, presenting both opportunities and increased volatility in the Bitcoin market.
Bullish
Pompliano’s endorsement underscores growing institutional and retail confidence in Bitcoin. The shift of large holders into BTC ETFs suggests stronger demand, driven by perceived security and accessibility advantages. Historical ETF launches, such as spot Bitcoin ETF approvals, have coincided with bullish price trends. In the short term, ETF inflows and heightened media attention could boost buying pressure. Over the long term, diversification between self-custody and managed funds may sustain volatility but also expand Bitcoin’s investor base, supporting a bullish outlook.