The post Anthony Pompliano Says Bitcoin is the New S&P 500 appeared on BitcoinEthereumNews.com.

Professional Capital Management CEO Anthony Pompliano argues that Bitcoin is becoming the default investment for young investors. Over the past 16 years, Bitcoin has grown from its origins as a libertarian escape from the traditional financial system to a $2 trillion asset that, some believe, is poised to swallow the very traditional financial system it was designed to disrupt. Among those with this view is Professional Capital Management CEO Anthony Pompliano. The New S&P 500? Bitcoin is the new S&P 500, according to Anthony Pompliano. The prominent crypto market pundit said this on Fox Business’ Varney & Co. show on Monday, January 6. On the show, Pompliano told veteran business journalist Stuart Varney that Bitcoin is increasingly taking the S&P 500’s role as the benchmark for younger investors seeking to know if they are doing better or worse than the market. Simply put, Pompliano argues that Bitcoin is becoming the default investment for younger investors who feel they cannot outperform it, just as the S&P 500 has been for traditional finance investors. The pundit argued that Bitcoin’s role as the new benchmark comes as it trades 24/7, 365 days a year, and as it is, in his estimate, the most sensitive to global liquidity. At the same time, the market veteran stressed that with gold outperforming the S&P 500 in 2024, investors were beginning to question if businesses were truly growing or if most of the gains were coming from currency debasement. This view comes as gold typically soars due to currency debasement or market uncertainty. In 2024, gold recorded 28.7% year-to-date (YTD), marginally edging out the S&P 500, which saw 26.6% gains. A view that the S&P 500’s gains are largely from currency debasement could further play in Bitcoin’s favor as its limited supply has often led analysts to…

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Filed under: News - @ January 7, 2025 6:25 pm