Anthony Pompliano, the founder of Pomp Investments, claims that the race to develop Bitcoin has already begun, citing BlackRock, the largest investment company in the world, which just filed a BTC spot exchange-traded fund (ETF) application. If approved, this might be the country’s first-ever crypto spot ETF.
Pompliano noted that businesses and individuals are vying for a piece of the 21 million Bitcoin that are now in circulation while speaking with CNBC Anchor Brian Sullivan in the “Final Name” portion.
Sullivan referred to Bitcoin as a “cool child’s factor” in the part and called BlackRock “the world’s most boring firm.” The anchor then questioned whether this BlackRock ETF proposal would somehow harm Bitcoin’s reputation. Pompliano reacted by pointing out:
The tech investor claimed that these large asset managers, akin to BlackRock, are now realizing the power of Bitcoin and dedicating a portion of their portfolio for the largest cryptocurrency on the planet.
Pompliano stated that Bitcoin will continue to reign supreme. The creator of Pomp Investments believes that Bitcoin will continue to dominate the market and advises customers to “buy nice property and by no means sell.”
Several asset management firms, including WisdomTree, Constancy, and Valkyrie, have submitted their own applications for a Bitcoin ETF in response to BlackRock’s submission. Influential individuals in the bitcoin community have expressed optimism about the likely approval of a spot BTC ETF for industry titans like BlackRock and Constancy.