Anthony Pompliano Says Wall Street is Switching to Bitcoin

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Anthony Pompliano, founder of the Morgan Creek fund, recently shared his thoughts on Bitcoin’s recent surge to $50,000.

This is the first time in two years that the leading digital currency has reached this level. In December, Pompliano predicted that Bitcoin would enter a bullish phase, and now it seems like his prediction is coming true.

During an interview on CNBC this week, Pompliano discussed how institutional investors are becoming more interested in BTC.

He noted that the recent emergence of spot crypto ETFs has created an environment where a large amount of funds from Wall Street are now flowing into the digital asset.

According to Pompliano, daily inflows into the ETF have reached $500 million, indicating that Wall Street is not only taking notice of Bitcoin, but is also slowly falling in love with it.