Anthony Pompliano Says Institutions Are Increasing Investments in Bitcoin

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Morgan Creek Capital co-founder Anthony Pompliano commented on the price increase of Bitcoin above $60,000. In mid-February, Pompliano predicted the rise in value of the cryptocurrency due to the growing involvement of institutional investors.

His prediction has now been confirmed, and he believes that large investors will continue to increase their BTC reserves in the coming weeks.

As the supply of BTC on exchanges decreases and demand from retail and corporate traders grows, its price is expected to continue to rise.

According to CryptoQuant, almost 95% of cryptocurrency holders are currently making a profit, a similar situation to the 2017 and 2021 bull markets.

The activity in the Bitcoin ETF market this week has also been noted by the Santiment platform, with trading volume on February 26 reaching $7.64 billion and continuing to increase.