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Anthony Pompliano believes #Bitcoin may be nearing a turning point. Despite #trading over 50% below its all-time high, he notes this bear market is milder than historical cycles, which often saw 80%+ drawdowns. On-chain indicators suggest a bottom is approaching, with more #Bitcoin now held at a loss than in profit. Pompliano dismissed fears of Strategy selling BTC, citing sufficient dollar reserves. While high interest rates may pressure #crypto short-term, he maintains the long-term thesis: rising U.S. debt, deficits, and fiat debasement strengthen the #case for scarce assets like #Bitcoin and gold. 💛
#CRYPTONewsTalk
$BTC