The Cryptos News | Daily Bitcoin News
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
The Cryptos News | Daily Bitcoin News
No Result
View All Result
Home Market Cap

Price and Value of Bitcoin Completely Decoupling, Says Morgan Creek’s Anthony Pompliano –

Price and Value of Bitcoin Completely Decoupling, Says Morgan Creek’s Anthony Pompliano –
Share on FacebookShare on Twitter


Morgan Creek Digital co-founder Anthony Pompliano is assessing the state of Bitcoin (BTC) after the top crypto asset by market cap lost two-thirds of its value since reaching a new all-time high last November.

In a new interview with Fox Business, Pompliano explains how Bitcoin’s price drop represents a divergence from its actual value because the underlying fundamentals remain strong.

“We are watching a divergence. Price and value are completely decoupling right now for Bitcoin. What I mean by that is, price is down from a $69,000 high in November to around $23,000 today.

But hash rate hit an all-time high today. The Bitcoin network has never been more secure than it is today. If you then go take a look at the Bitcoin wallet addresses with 0.01 Bitcoin, 0.1 Bitcoin or 1 Bitcoin in them, those all three have all hit all-time highs.

The Lightning Network capacity also is hitting an all-time high.”

The Bitcoin bull goes on to say it’s only a matter of time until BTC’s price and fundamental value converge once again.

“That decoupling as the fundamentals continue to hit all-time highs and strengthen while price is falling, I think that at some point fundamentals and the value of Bitcoin will meet price.

The question is just where and when that happens.”

Pompliano concludes by offering insights into how wealthy mainstream investment firms sell their riskiest assets first when they need capital, such as when the stock market is volatile.

“If you look at the institutional folks, Bitcoin began to get institutionalized and [it] is the riskiest thing in their portfolio.

So, if they’re going to go risk-off, they sell Bitcoin, and they happen to have a lot of Bitcoin because they have a lot of money in their portfolio.

So Bitcoin started to dump just like every other risk asset went down as well the last eight months.”

At time of writing, Bitcoin continues its slide and is down another 4.5% over the last 24 hours to $21,942.

Just a week ago, BTC was trading above $31,000.

I joined Fox Business to discuss bitcoin and the macro environment.

Value and price are diverging. Weak hands are selling to strong hands. We have been here before.

Thanks @LizClaman for having me. pic.twitter.com/1S6TckUguE

— Pomp ? (@APompliano) June 13, 2022

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/vvaldmann/Andy Chipus





Read More:Price and Value of Bitcoin Completely Decoupling, Says Morgan Creek’s Anthony Pompliano –

Tags: AnthonyBitcoincompletelyCreeksdecouplingMorganPomplianoprice
Previous Post

Looks Like Bitcoin (BTC-USD) Could Be Reaching “Maximum Pain”

Next Post

Cryptocurrency ‘bloodbath’ threatens multibillion-dollar hedge fund

Related Posts

Ripple’s Lawsuit: Why SEC Ignores Jed McCaleb? By DailyCoin

XRP Climbs 10% In Rally By Investing.com

by The Cryptos News
July 30, 2022
0

XRP Climbs 10% In Rally Investing.com - was trading at $0.40471 by 10:04 (14:04 GMT) on the Investing.com Index...

Crypto Markets Add $100 Billion Following the Fed’s 75 BPS Rate Hike (Market Watch)

by The Cryptos News
July 30, 2022
0

Unlike the previous Fed interest hikes, bitcoin went on a roll this time, adding over $2,000 in hours to...

Cardano (ADA) Becomes 7th Largest Cryptocurrency By Market Cap, Displacing XRP

Cardano (ADA) Becomes 7th Largest Cryptocurrency By Market Cap, Displacing XRP

by The Cryptos News
July 29, 2022
0

Regardless of the Cardano Vasil hard fork delay, ADA, the native token of the Cardano blockchain has flipped XRP...

Bloom (BLT) Do the Risks Outweigh the Rewards Friday?

Bloom (BLT) Do the Risks Outweigh the Rewards Friday?

by The Cryptos News
July 29, 2022
0

Bloom achieves a high risk analysis based on InvestorsObserver research. The proprietary system gauges how much a token can...

Next Post

Cryptocurrency ‘bloodbath’ threatens multibillion-dollar hedge fund

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trending News

Payperless Crypto Wallet announced working on NFT tokens support

Payperless Crypto Wallet announced working on NFT tokens support

June 25, 2022
June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

July 14, 2022
Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

July 30, 2022
ADVERTISEMENT

Investment

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

July 30, 2022
Study up and become a more informed crypto investor with this bundle

Study up and become a more informed crypto investor with this bundle

July 30, 2022
Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

July 30, 2022
Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

July 29, 2022
$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

July 29, 2022

Prices

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

July 30, 2022
Tron price prediction as Unifi Protocol TVL explodes

Tron price prediction as Unifi Protocol TVL explodes

July 30, 2022
Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

July 30, 2022

Crypto Flipsider News – Crypto Market Rally; Nirvana (NIRV) Exploited; Vasil Delayed;

July 29, 2022

Trading

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

July 30, 2022
SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

July 30, 2022
Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

July 29, 2022
FTX wins full approval to operate crypto exchange in Dubai

FTX wins full approval to operate crypto exchange in Dubai

July 29, 2022
Crypto exchange Zipmex files for bankruptcy protection in Singapore

Crypto exchange Zipmex files for bankruptcy protection in Singapore

July 29, 2022
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA

© 2021 Thecryptosnews.com

No Result
View All Result
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading

© 2021 Thecryptosnews.com

wpDiscuz