Anthony Pompliano, co-founder of Morgan Creek Digital, today called on Bitcoin spot ETF issuers to pay attention to the Bitcoin community and suggested donating 1% of the ETF fee revenue to Bitcoin developers in order to gain significant support.
(Previous summary:
Nine issuers including BlackRock and Fidelity announce “underwriter AP”, SEC approves the final step of Bitcoin spot ETF)
(Background supplement:
If the spot ETF is approved, Bitcoin will fall! CryptoQuant: BTC may retest $32,000, investors and miners take profits)
Table of Contents
How to seize the opportunity of spot ETF?
Call on issuers to value Bitcoin holders
Co-founder of Morgan Creek Capital: Bitcoin will reach $100,000 in 2024
In recent times, there have been increasing signs that the U.S. Securities and Exchange Commission (SEC) is likely to approve a Bitcoin spot ETF before January 10th next year. Nine issuers, including asset management giants BlackRock and Fidelity, have also submitted revised S-1 applications to the SEC before the deadline of the 29th, striving to become the first approved issuers.
The competition for Bitcoin spot ETFs among more than ten Wall Street institutions is gradually heating up. Anthony Pompliano, co-founder of Morgan Creek Digital and a well-known crypto investor with a high volume of community voices and nearly 1.65 million followers on Twitter, suggested in a tweet earlier today that Bitcoin spot ETF issuers should donate 1% of the ETF fee revenue to Bitcoin developers to capture Bitcoin holders and win in the competition. He stated:
Pompliano added that the above suggestion can only gain the favor of the Bitcoin community, but in order to attract investment from those outside the Bitcoin community, he will organize physical events in as many cities as possible within the first 6 months to popularize the advantages of Bitcoin.
He also pointed out that he found many people saying that “Bitcoin holders are not the target audience of ETFs” and emphasized that this view is incorrect.
Further reading:
Co-founder of Morgan Creek Capital: Bitcoin will reach $100,000 by 2024, and reaching one million dollars in the future is not a dream
It is worth mentioning that Pompliano co-founded the hedge fund Morgan Creek Digital in 2018 with Mark Yusko, founder and CEO of Morgan Creek Capital, focusing on blockchain technology and digital assets. The fund is supported by Morgan Creek Capital.
Mark Yusko is also very optimistic about the future development of Bitcoin. In an interview in July of this year, he stated that the power of Bitcoin halving should not be underestimated and estimated that after April 2024, Bitcoin may rise to $100,000, and during the halving period in 2028, he believes it may reach $300,000. He even predicts that it will surpass $1 million in the future. He has also expressed confidence in the SEC eventually approving a Bitcoin spot ETF.
Mark Yusko, founder and CEO of Morgan Creek Capital. Source: CHRISTOPHER GOODNEY/BLOOMBERG
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Bitcoin spot ETF