Pomp Uses the Crypto Cheerleader Pom-Poms, Says Bitcoin Investors Will be Rewarded Handsomely

Bitcoin’s price volatility has more than tripled in the past month as BTC/USD has made an impressive push above the $5,000 mark. Currently, the volatility stands at 3.54 percent, the highest in 3 months. However, the top crypto’s price volatility has actually been declining over the years. In fact, 2018 was one of the least volatile periods in Bitcoin’s history despite an 80 percent drop in USD value.

To talk about this recent phenomenon, Anthony Pompliano aka Pomp, the co-founder and Partner at Morgan Creek, wrote a blog post titled

‘Bitcoin fundamentals continue to strengthen.’

He showed graphically many fundamentals of Bitcoin getting stronger over time, like transaction per day, cost per transaction, hashrate securing Bitcoin’s network, computing power and more.

One pattern that traders and analysts alike have been closely watching is the “golden cross” that Bitcoin is currently en route to forming. One analyst believes that the formation of this pattern will lead to massive volatility that could either send Bitcoin’s price surging upwards or reeling downwards – depending on whether bulls or bears take this opportunity to strike.

He ends his blog post saying:

“Bitcoin is a highly volatile asset. It is misunderstood by many. But one thing is certain, the digitally native currency continues to strengthen over time. As with anything important in life, the maturation and mass adoption of Bitcoin will take time. Those that have the patience and discipline to stick around will be rewarded handsomely.”

Fundamental analysis remains the best means of assessing Bitcoin’s long-term potential. The positive indicators since 2019 seem to indicate that the current price rebound can be linked to Bitcoin’s improving fundamentals. Transactions are cheaper now and daily transactions are close to their all-time high. The network is also more secure than it ever has been before.

If we filter out the noise around Bitcoin, data clearly shows a bright future for the investors in this asset.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Sritanshu Sinha
Sritanshu Sinha
Sritanshu has a keen interest in emerging technologies, startups and economic anthropology. He holds the view that cryptocurrencies are the best bet humanity has got to push the world towards a borderless economy.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,230FansLike
2,569FollowersFollow
4,062FollowersFollow

Live Bitcoin Price & Latest BTC Chart News

Today's Latest Crypto News

Monero Workgroup: It's Up to Exchanges Not Assets To Comply With Travel Rule; XMR Not Subjected

In a blog, the Monero Compliance Workgroup came to the conclusion that XMR is exempted from FinCEN Funds Travel Rule as it is not...

Bitcoin Longs Making an All-Time High, What’s Incoming $5,000 or $10,000?

BTC/USD shorts meanwhile nearing lowest levels BitMEX funding rate for Dec on track for the lowest high since March Open interest on CME...

TikTok Owner ByteDance and a Chinese State Owned Media Partners on Blockchain and AI

The proprietor of renowned video sharing social media platform TikTok has inked a deal for a joint venture with a Chinese state owned media...

Sweden’s Central Bank, Riksbank, Partners with Accenture to Develop CBDC Dubbed ‘E-Krona’

The wave of Central Bank Digital Currency (CBDC) is gaining momentum after China’s progress and expected coin launch in 2020. Sweden is the latest...

Latest Analytics Shows 64% Of Controversial Stablecoin USDt Supply Controlled by 119 Addresses

Tether’s stablecoin ‘USDT’ continues to dominate this segment of the crypto market according to the latest statistics. However, questions on its decentralization inadequacy has...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.