Pompliano Explains Why BTC Is Still a Perfect Monetary System -Breaking
- BTC’s total supply in profit held by short-term holders continued to test historical lows throughout the past week.
- BTC is drastically outperforming gold, the S&P500, and NASDAQ.
- BTC currently has a value of $27574.07 following a drop of 4.59% in the price within the past 24 hours.
Anthony Pompliano posted a June 11 video about the (BTC-) market and the reasons it remains the best monetary system.
BTC’s total supply in profit held by short-term holders continued to test historical lows throughout the past week. BTC’s hash price indicates that miners are shorting the hash rate, shorting the difficulty and longing the BTC price.
The American investor mentions the ROI of traditional assets when he claims that BTC is the best monetary system.
Bitcoin & Traditional Assets ROI (Source: Pompliano)
BTC’s 1-year valuations are similar to traditional markets, however, when you look at it over longer time periods BTC far outperforms traditional markets.
The Closing of History for Bitcoin by Level
BTC traded at its current level only for a little over 500 days in its life. This is 89% percent of all the times that BTC would have traded at its current level if it was bought in USD.
When looking at BTC’s CAGR, it is currently just below 135%. This means that the crypto is drastically outperforming gold, the S&P500, and NASDAQ.
Bitcoin vs Select Indexes & Assets
BTC currently has a value of $27,574.07 following a drop of 4.59% in the price during the past 24 hours and an increase to $29,145.37 within the same period according to CoinMarketCap.
BTC’s price also dropped by 6.79% in the week that passed.
BTC’s market capital is at $525678,783,047, which is 4.80% lower than the previous day. BTC also had a 24-hour trading volume of $34,904,089,880. The number has increased 20.61% in the past day.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. This article is not intended to be used as investment advice. CoinQuora urges users to conduct their own research prior to investing in cryptocurrency.