Anthony Pompliano urges Bitcoin spot ETF issuers to value Bitcoin holders

There have been recent signs that the U.S. Securities and Exchange Commission (SEC) may approve a Bitcoin spot ETF before January 10, 2023. It is reported that nine U.S. asset management giants, including BlackRock and Fidelity, have also submitted revised S-1 application forms to the SEC before the deadline, hoping to become the first batch of approved issuers. This move further strengthens the prospects for Bitcoin ETFs. If approved, the Bitcoin ETF will provide investors with more convenient investment channels and further promote the development of the cryptocurrency market.

How to seize spot ETF business opportunities?

Competition among Wall Street institutions for Bitcoin spot ETFs is becoming increasingly fierce. Anthony Pompliano, a crypto investor with a large following on social media, suggested that issuers of Bitcoin spot ETFs should donate 1% of ETF fee income to Bitcoin developers. Doing so can attract more Bitcoin holders and beat the competition. He tweeted:

“If I were a spot Bitcoin ETF issuer, how would I win the AUM (asset under management) war:

1. Put the Bitcoin white paper on On my website

2. Write an open letter to the BTC community

3. Donate 1% of my fees to BTC developers

4. At my headquarters Run a full node.

None of this costs extra out of pocket, but it means a lot to Bitcoin enthusiasts."

Calling on issuers to value Bitcoin holdings Pompliano added that the above suggestions can only be favored by the Bitcoin community, but in order to gain investment from non-Bitcoin communities, he will hold entities in as many cities as possible within the first 6 months. The event allows Bitcoin enthusiasts to popularize the advantages of Bitcoin.

He also pointed out that he found that many people said that "Bitcoin holders are not the target audience of ETFs" and emphasized that this view is wrong.

"Who do you think decides to invest in these institutional ETFs? It's usually people who already own Bitcoin personally. In my experience, Bitcoin holders are the decision makers for digital asset allocation. In case you ignored The core spirit and holders of Bitcoin, and your competitors embrace them, you will fail.”

Founder of Morgan Creek Capital: Bitcoin looks at $100,000 in 2024

It is worth mentioning that Pompliano co-founded Morgan Creek Digital, a hedge fund focusing on blockchain technology and digital assets, with Mark Yusko, founder and CEO of Morgan Creek Capital, in 2018. The fund was influenced by Morgan Backed by Creek Capital.

Mark Yusko is also very optimistic about the future development of Bitcoin. When he was interviewed in July this year, he said that the power of the Bitcoin halving market should not be underestimated. It is estimated that after April 2024, Bitcoin will have It may rise to US$100,000, and during the halving period in 2028 five years later, he believes it will reach US$300,000, and even exceed US$1 million in the future. In the past, he has expressed confidence that the SEC will eventually pass a Bitcoin spot ETF.

The above is the detailed content of Anthony Pompliano urges Bitcoin spot ETF issuers to value Bitcoin holders. For more information, please follow other related articles on the PHP Chinese website!