Bitcoin (CRYPTO: BTC) has pulled back about 12% over the past three months, a move one industry commentator describes not as weakness, but as a necessary reset ahead of a broader uptrend.
“Bull Market Is Already Underway”
In an Apr. 22 episode of The Pomp Podcast, entrepreneur and investor Anthony Pompliano argued that Bitcoin is already in a bull market phase.
He said the recent correction, from earlier highs near $126,000 down toward $60,000, helped “reset” market conditions before a renewed move higher.
Pompliano also emphasized that Bitcoin’s path toward becoming a mainstream institutional asset is increasingly clear, driven by continued inflows into exchange-traded funds and growing participation from major financial institutions.
He also cited long-term holding behavior as a key factor in Bitcoin’s risk profile, pointing to historical data suggesting that holding BTC for three years has resulted in a very low probability of loss.
Bitcoin As A Macro “Safe Haven”
Beyond price action, Pompliano described Bitcoin as a “safe haven” asset that has outperformed equities, gold, and bonds during multiple periods of market stress since 2020.
He said Bitcoin’s behavior during geopolitical shocks and financial uncertainty has strengthened its reputation as a “chaos hedge,” improving institutional confidence over time.
Looking ahead, Pompliano tied Bitcoin’s outlook to broader macroeconomic conditions, including potential equity market strength, liquidity expansion, and long-term concerns around currency debasement.
He also pointed to continued growth in artificial intelligence–driven productivity and political incentives to support financial markets as supportive factors.
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