Renowned financial analyst Anthony Pompliano, in his latest analysis, claims that the Bitcoin bull market has already begun and issued an important warning to his followers.
Noting that Bitcoin has experienced a pullback of approximately 40% from its peak of $126,000, Pompliano predicts that this decline will create a “slingshot effect” leading to new highs.
Pompliano argues that Bitcoin has proven its worth to institutional investors. In seven consecutive financial crises since 2020, Bitcoin has outperformed stocks, gold, and cash, becoming the most profitable asset.
From pandemics to wars, banking crises to high inflation, he argues that Bitcoin has become the “king of safe havens” in all kinds of chaos.
Citing a new report published by Bitwise, Pompliano argued that an investor who holds Bitcoin for at least three years has less than a 1% chance of losing money.
The analyst argues that a historic period is underway not only for cryptocurrencies but also for stock markets. He added that the signal he calls the “3-3-3 rule” (the stock market rising by 3% or more for three consecutive weeks) has only occurred three times in the last 76 years.
Referring to the impact of the upcoming US elections on the markets, Pompliano predicts that the current administration will do everything in its power to keep the economy afloat and boost asset prices before the election.
*This is not investment advice.