During a March 20 interview with Bloomberg, crypto investor and commentator Anthony Pompliano said, “This is a pullback for ants compared to what Bitcoin historically has been through.”

Bitcoin has performed phenomenally in 2024, surpassing all-time highs and building hype along the way. However, things haven’t all been great for the token. It has experienced some significant drawdowns, particularly this month. While these pullbacks have shaken the confidence of some investors, others, such as Pompliano, are unfazed. 

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“In previous bull markets, Bitcoin has experienced 30% drawdowns five or more times,” he said. “So on the way up in 2017, we went from $1,000 to $20,000. There…

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