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Anthony Pompliano, CEO of Professional Capital Management, suggested on Thursday that buying Bitcoin (CRYPTO: BTC) when it’s out of favor could be a good contrarian play.
Will An Underwhelming BTC Excite Investors?
In a CNBC Squawk Box interview, Pompliano likened Bitcoin to “a dog with fleas,” acknowledging its recent underperformance.
The Bitcoin bull noted that AI-linked names are “flying,” and investors are chasing that momentum.
“Usually the thing that you want to be buying is the thing that’s out of favor, and it can come back into favor over time,” Pompliano argued.
He also tied Bitcoin’s upside to dollar debasement, adding that as long as the U.S. government continues to print fiat money, the leading cryptocurrency has strong potential for a comeback.
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