Anthony Pompliano believes current market correction is nothing new in Bitcoin's history
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However, Pompliano noted two major historical events in Bitcoin's journey: the occurrence of several all-time highs followed by price crashes below those highs, a phenomenon unprecedented in Bitcoin's history, and hitting an all-time high just before a halving event.Historically we have seen multiple 30% drawdowns during bull markets, so the current price drawdown of 15% is small in comparison.
Drawing a parallel between meme coins and traditional markets, Pompliano said meme coin trading was like gambling and video games, where individuals experiment to gauge profitability. He emphasized thatIn conclusion, Pompliano's remarks suggest that while short-term price volatility may occur, the long-term trajectory of Bitcoin remains positive, and emerging trends in meme coins and venture capital reflect the market sentiment of the crypto world.
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