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Bitcoin (CRYPTO: BTC) remains positioned for a comeback despite a sluggish two-year stretch, according to ProCap CEO Anthony Pompliano, who argues that continued fiscal stimulus will keep driving capital toward hard assets.
Why Bitcoin Has Struggled
In a CNBC Squawk Box interview on Thursday, Pompliano said investors are frustrated because Bitcoin has lagged while stocks, especially AI-linked names, have captured momentum.
“The AI trade is really sexy,” Pompliano stated. “People like the shiny thing, the thing that’s going up.”
Pompliano attributed Bitcoin’s recent underperformance to several factors:
- Traders chasing AI and semiconductor momentum
- Wall Street taking a larger role in Bitcoin price discovery
- Bitcoin maturing as an …
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