Longtime cryptocurrency supporter Anthony Pompliano, Bitcoin 
$68,797He stated that it is the strengthened version of gold. Pomp Investments founder stated that the depreciation of the US dollar is a positive indicator for both Bitcoin and gold.
Performance of Bitcoin and Gold
Pompliano said that Bitcoin has grown at similar rates as gold and the S&P 500 in the last five years, but Bitcoin stands out in this area. Emphasizing that the annual compound growth rates of gold and the S&P 500 are approximately the same, but Bitcoin exceeds this performance, the analyst says, “it is better.”
Pompliano thinks Bitcoin has more potential for adoption than gold. He suggested that the process of Bitcoin’s acceptance by individuals, followed by its adoption by companies and financial institutions, will enable Bitcoin to be accepted by central banks and governments in the future.
Savings Account of the New Generation
Pompliano predicts that people will start storing their savings in stablecoins and Bitcoin instead of traditional bank accounts. He said using Bitcoin as a savings account allows money to gain value by not moving it for long periods of time.
“Bitcoin and gold are rising for the same reason that the dollar is losing value. However, Bitcoin is a much more sensitive and early adopted asset.” –Anthony Pompliano
The expert expects stablecoins to replace checking accounts in the financial system and the use of Bitcoin as a savings account to increase.
“According to the analysis made on the blockchain, the majority of Bitcoins have not been moved for a long time.” –Anthony Pompliano
The digitalization of financial assets and the adoption of cryptocurrencies offer new opportunities for investors. Increasing acceptance of Bitcoin could be important for financial diversification and security.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
