Why Bitcoin Has Struggled

In a CNBC Squawk Box interview on Thursday, Pompliano said investors are frustrated because Bitcoin has lagged while stocks, especially AI-linked names, have captured momentum.

“The AI trade is really sexy,” Pompliano stated. “People like the shiny thing, the thing that’s going up.”

Pompliano attributed Bitcoin’s recent underperformance to several factors:

Traders chasing AI and semiconductor momentum

Wall Street taking a larger role in Bitcoin price discovery

Bitcoin maturing as an asset

Volatility compressing as market size grows

Investors should not expect Bitcoin to repeat its early-cycle behavior when it could surge 20x in a year before crashing…

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