During a CNBC interview, ProCap CEO, Anthony Pompliano, made a statement that Bitcoin has changed from a speculative contrarian bet into “the king of Wall Street.” He went on to say that sentiment among financial folk is changing and Bitcoin is no longer the fringe asset that it was, but is now the benchmark against which traditional investments are measured.
To illustrate his point, Pompliano brought up some data. Over five years, the dollar has depleted 30% of its power to purchase according to him. This loss, mainly since rising prices and the aggressive monetary policy have become overwhelming, has decreased the trust in the currencies of different countries. On the other hand, if we look at the stock market through the Bitcoin perspective, the performance will be even more surprising.
Pompliano said, “The S&P 500 has dropped more than 85% in value when priced in Bitcoin since 2020.” He further explained, “This is a change of viewpoint is huge. What had been a protection or a small stake is now turning out to be the main dish.”
Furthermore, Bitcoin institutional investors are in full swing undergoing the process which Pompliano’s statements indicate.
As spot Bitcoin ETFs gain the green light, the presence of major financial players holding BTC will be more and more formidable, thus further legitimatizing the asset. In a nutshell, he is still confident that this trend is going to continue as the investors will try to play safe and keep their values in the investing atmosphere that is prone to destabilizationgoing into the next period of monetary instability.
“The data is becoming impossible to ignore,” Pompliano emphasized. “Bitcoin isn’t just a speculative play anymore—it’s a store of value and an emerging benchmark asset.”
While critics still point to volatility and regulatory hurdles, Bitcoin’s strong relative performance and increasing adoption tell a different story. Pompliano concluded by encouraging investors to recalibrate their portfolios, stating that “ignoring Bitcoin now is like ignoring the internet in the 1990s.”
As Bitcoin cements its role in the global financial system, Pompliano’s vision of it reigning on Wall Street may not be far from reality.
