Anthony Pompliano: “Bitcoin’s correction range shrinks from 30% to 15%… Sign of market maturity”

As Bitcoin (BTC) volatility continues to ease, it is being evaluated as entering a more mature market structure in the long term.

On the 21st (local time), cryptocurrency investor and entrepreneur Anthony Pompliano stated in an interview with CNBC, “While 30% corrections were common in past bull markets, in this cycle, corrections are only around 10-15%,” adding, “As institutions enter the market grows and matures, volatility is being suppressed.”

He further added, “There is a low probability that Bitcoin will rise to the $400,000-$500,000 range in this cycle, but conversely, a steep bear market with an 85-90% crash as seen in the past is also unlikely.”

He analyzed that Bitcoin is transitioning from a ‘contrarian trade’ driven by a small number of investors to a ‘consensus trade’ with participation from Wall Street institutions. Pompliano said, “As institutions, listed companies, and ETFs establish themselves as new holders, the tendency for long-term holding is getting stronger,” adding, “This is structurally favorable for Bitcoin in the long run.”

Regarding the future price movement of Bitcoin, he explained, “Currently, the $112,000-$113,000 range appears to be in an oversold state,” and added, “Historically, September and October have been favorable times for Bitcoin to show strong performance.” He projected that investor activity would pick up again after the holiday season, and that expectations for a Fed rate cut, coupled with accumulation demand from Bitcoin treasury companies, could further strengthen upward momentum.

Additionally, in response to the anchor’s point that some investors are moving from Bitcoin to Ethereum or companies related to stablecoins, he emphasized, “Capital is diversified for various purposes such as profit, infrastructure, and base assets, but Bitcoin still remains the core asset.”

While forecasting that Bitcoin will reach $1,000,000 in the long term, Pompliano maintained a cautious stance by adding, “It will not be possible in this cycle.”

He also evaluated, “New inflows through ETFs and changes in holders will be structural factors supporting the Bitcoin price.”