{"id":1419,"date":"2024-10-20T18:03:39","date_gmt":"2024-10-20T18:03:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1419"},"modified":"2024-10-20T18:03:39","modified_gmt":"2024-10-20T18:03:39","slug":"bitcoin-vs-dollar-anthony-pompliano-on-why-btc-is-superior-to-fiat","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1419","title":{"rendered":"Bitcoin Vs. Dollar: Anthony Pompliano On Why BTC Is Superior To Fiat"},"content":{"rendered":"
\n

The Bitcoin vs Dollar debate has been a favorite topic among financial analysts, crypto enthusiasts, and the general investing public. As Bitcoin continues its erratic price action, even briefly hitting over $70k last March 2024, the question remains as relevant as ever. So, is Bitcoin a better store of value and hedge against inflation?<\/p>\n

If we ask the experts, many agree that Bitcoin is far better than the US dollar and other fiat currencies. According to Anthony Pompliano of Professional Capital Management, Bitcoin<\/a> is better since fiat currencies are more volatile, and it simplifies many investing principles.<\/p>\n

Pompliano Pushes For Bitcoin<\/strong><\/h2>\n

In a Fox News interview, Pompliano shared his thoughts on the ongoing Bitcoin-dollar debate.<\/a> He said Bitcoin is in a better position since fiat currencies are more volatile, and the public is faced with its diminishing purchasing power.<\/p>\n

Pompliano believes that Wall Street and the rest of traditional finance failed to see Bitcoin\u2019s value.<\/a> At the heart of Bitcoin\u2019s advantage is the classic economic problem of scarcity\u2014 only 21 million Bitcoins are available, a scarce asset compared to fiat currencies that central banks can continue to print and issue.<\/p>\n

Pompliano\u2019s interview and continued debates come with a growing institutional interest in Bitcoin. After the US Securities and Exchange Commission (SEC) approved spot BTC ETFs on January 10th, 2024, there has been a growing interest and inflow of money into these funds. Months after the approval of the first 11 funds, interest in Bitcoin ETFs continues, helping boost the crypto\u2019s price.<\/p>\n

\n

Bitcoin Vs Dollar: Anthony Pompliano Explains Why BTC Is Better Than Fiat Currencieshttps:\/\/t.co\/1sG1aad8OX<\/a><\/p>\n

\u2014 John Morgan (@johnmorganFL) October 20, 2024<\/a><\/p>\n<\/blockquote>\n

Bitcoin: A Simple Yet Scarce Commodity<\/strong><\/h2>\n

According to Pompliano, Bitcoin\u2019s appeal<\/a> and value lie in its simplicity of investing principles. Since there is a limited supply of Bitcoin, this can impact its future market value. Also, a problem for many traders and investors, according to Pompliano, is that they\u2019re too focused on complex financial products like leverage and trading.<\/p>\n

<\/p>\n

The problem with these complex yet popular instruments is that you must track prices and trade at the right time. However, with Bitcoin, users just need to buy and hold. In short, Bitcoin offers a long-term appreciation in value and a better hedge against inflation.<\/p>\n

Deutsche Bank Analyst Sees BTC As \u2018Digital Gold\u2019<\/strong><\/p>\n

Bitcoin has been getting plenty of support from financial analysts. According to Marion Laboure, an analyst at Deutsche Bank Research, it can potentially become our \u201821st-century gold\u2019. Laboure says Bitcoin\u2019s and the cryptos\u2019 market cap of over $1 trillion is too big to ignore.<\/p>\n

Laboure adds that Bitcoin will continue to grow soon as a viable payment alternative, while fiat currencies\u2019 share in transactions will fall. She adds that Bitcoin is a \u2018digital gold,\u2019 Ether, the second most popular coin, can be our next \u2018digital silver.\u2019<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Bitcoin vs Dollar debate has been a favorite topic among financial analysts, crypto enthusiasts, and the general investing public. As Bitcoin continues its erratic price action, even briefly hitting over $70k last March 2024, the question remains as relevant as ever. So, is Bitcoin a better store of value and hedge against inflation? If […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1419","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1419"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1419\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}