Six Takeaways From Bitcoin Investor Day
To investors, We hosted the inaugural Bitcoin Investor Day on Friday. There were over 800 people who attended the event, which made it the single largest gathering of institutional investors interested in bitcoin in history. Insane to see that level of turnout for an event that was put together in less than 100 days. The speaker lineup was really strong and I learned quite a bit. Here are a few of the biggest takeaways:
Each of the conversations was recorded and will be published in audio and video form on my podcast over the coming weeks. My biggest takeaway from the event was how impactful the spot bitcoin ETF approvals have been to institutional interest. I knew that the approvals had been helpful, but I was blown away by the night-and-day difference between the pre-and-post approval conversations. Many organizations are now at a point where they want to allocate to the asset, but there are bureaucratic processes that must be followed. This means that many capital flows are delayed and will take weeks or months to enter the market. Given this detail, it is encouraging to see the price appreciation without full institutional participation, because it signals increasing future demand that will show up post-halving. If things go as planned, we should continue to see bitcoin’s price rise through the end of 2024. For years people would predict that the institutions were coming. Now the institutions are actually here. They are allocating to the asset. They have the green light and no one wants to miss out. Such a beautiful thing to see. Hope you all have a great start to your week. I’ll talk to everyone tomorrow. -Anthony Pompliano Anthony Pompliano records a solo episode breaking down the question, “is this time different?” Topics include historical bitcoin cycles, bitcoin halving, bitcoin drawdowns, interest rates, global liquidity, gold, volatility, El Salvador, Microstrategy, and more. Listen on iTunes: Click here Listen on Spotify: Click here Is This Bitcoin Cycle Different?Podcast Sponsors
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