Anthony Pompliano, the creator of Pomp Investments, is feeling optimistic about Bitcoin (BTC). On CNBC, he shared his thoughts, suggesting that Bitcoin's price is set to keep rising due to various factors and past patterns.

Pompliano highlighted a significant achievement: Bitcoin recently achieved its highest weekly, monthly, and quarterly close before the halving. He pointed out that historically, whenever this milestone occurred, Bitcoin's value surged by at least 300% throughout the rest of the bull market. He emphasized that while this doesn't guarantee a repeat performance, it's a notable indicator, suggesting a potential supply shock in the future.

At the time of writing, Bitcoin is valued at $65,744, marking a 66% increase from its low in January, which was around $39,500. Pompliano also touched on the role of economic concerns and despair in driving up Bitcoin and other cryptocurrencies. He highlighted the decline in the dollar's purchasing power and the staggering levels of credit card and student debt in the United States. He pointed out the lack of hope among many people, especially with the increasing cost of living compared to stagnant wages.

Pompliano proposed that in such a bleak economic environment, people may see cryptocurrencies as a beacon of hope. He likened buying a memecoin or investing in Bitcoin to buying a lottery ticket, with some believing that the odds are more favorable in the crypto market. In essence, Pompliano sees Bitcoin as a safer bet amidst economic uncertainty.

In conclusion, Anthony Pompliano's bullish stance on Bitcoin revolves around recent milestones and economic anxieties, suggesting the possibility of a supply shock in the future. His perspective underscores the growing appeal of cryptocurrencies as an alternative investment in uncertain times.