The Co-Founder and partner at Morgan Creek Digital, Anthony Pompliano has once again talked in the favor of Bitcoin and said that nothing is better than the world’s leading digital currency Bitcoin (BTC). As the price of Bitcoin has surged high during the course of the last 24 hours, Anthony Pompliano has taken on financial institutions for not acquiring Bitcoin.
Anthony Pompliano has tweeted today for praising the top digital asset Bitcoin (BTC) as the coin has broken two critical levels at $11,000 and $11,300 respectively. As the leading digital coin is currently trading bullish in the market, he said that nothing is better than Bitcoin. He basically took on those financial institutions that have not yet purchased Bitcoins and rebuked them.
This is what he said in the tweet following the Bitcoin rise:
“At this point, you’re violating your fiduciary duty if you invest capital on behalf of an institution & you have no exposure to Bitcoin. Your job is to find the best risk-adjusted returns. Nothing better than Bitcoin. About time we all start saying it loudly, so they listen.”
In another tweet, he said that through its current bullish performance, the major cryptocurrency Bitcoin is reminding the crypto community its worth recalling the fact that it is the “King Cryptocurrency”.
Some in the cryptocurrency community believe that the acquisition of Bitcoin by two major institutions MicroStrategy and Square has pushed the price value of BTC to jump above $11,000. The business intelligence firm MicroStrategy has invested more than $425 million in Bitcoin. While on the other hand, Twitter CEO Jack Dorsey’s financial payments company Square has purchased $50 million worth of Bitcoin (BTC) recently.
The interesting thing to note here is that the price of Bitcoin has risen up right after the Chief Executive Officer (CEO) of Hedgeye Risk Management sold his Bitcoins.
After breaking above the psychological barrier of $11,000, the first-ranked digital currency is now on its way to test its next major resistance of $12,000.