Anthony Pompliano, a venture investor and the CEO of ProCap, visited CNBC’s Squawk Box to talk about Bitcoin and its current position in the market, also mentioning altcoins, and stablecoins.

Pompliano (often referred to as “Pomp”) believes that at some point in the near future the US government is going to start buying Bitcoin.

You Might Also Like

Bitcoin has established itself as the king of the market: Pompliano

First of all, when Joe Kernen, the CNBC host, asked Pompliano about not only Bitcoin, but also Ethereum getting a lot of attention and inflows recently, Pomp stated that Bitcoin has established itself as the king of the market, and it is unlikely to change any time soon.

“Actually,” he said, “most Wall Street’s time and attention is on Bitcoin,” and not Ethereum or any other large-cap altcoin. Pompliano pointed out that even though Ethereum and Solana have also been receiving some inflows recently, however, they have not established new all-time highs, unlike BTC. Therefore, Bitcoin has broken away from the rest of the cryptocurrency market. He admitted that in the futur,e some other cryptos can also reach new price peaks, but so far, he said, Bitcoin continues to dominate the market in terms of the market cap growth, inflows, and overall investor attention.

Responding to another question about stablecoins, since there has been a lot of talk about them recently, Pomp said that these assets cannot go any further than just $1. They can grow in market cap in terms of more people using them but he pointed out, they will hardly rely on them in terms of financial performance, unlike with BTC.

You Might Also Like

US government to start acquiring Bitcoin at some point, Pomp says

Pomp’s statement about him expecting the US government was made as an answer to a question as to what the next big thing to move the Bitcoin price higher from where it is now will be. So, the US government announcing they are buying BTC for the Strategic Bitcoin Reserve would be one of those, per Pomp. He referred to this as “the main dish.”

The second thing here is that the last Wall Street companies that have been hesitating whether to buy BTC or not, will capitulate. The third driver would be that people who are “cautiously optimistic” about BTC would transition to being “optimistic.”

Professional Capital Management founder and CEO Anthony Pompliano says that Bitcoin (BTC) has become the “greatest show on Wall Street.”

In a new interview with CNBC’s Squawk Box, Pompliano gives three reasons why BTC is leading the crypto markets to new all-time highs.

“First of all, welcome to The Greatest Show on Wall Street. I think Wall Street’s full, undivided attention is now on Bitcoin. And really, there are three things that drove this move.

The first is that there have been record inflows into the ETFs (exchange-traded funds). Last Thursday alone saw $1.2 billion—the second-highest day ever. Those ETFs now collectively have over $140 billion. BlackRock’s fund alone is now almost $90 billion. In about a year, they went from not having a Bitcoin ETF to having one of the top 20 largest ETFs in the world. So there’s a lot of inflows there.

The second thing is that the options expired at the end of Q2. So all that downward pressure on Bitcoin went away. That helps—kind of like a beach ball being pushed underwater. Obviously, it can pop back up.

And then the third thing is that there were a lot of short sellers. You started to see that build up, and as they got blown out as Bitcoin ran, you entered this price discovery phase. If you go back to November, we went from $70,000 to $90,000 in about two to three weeks. And $70,000 was a new all-time high.”

While not giving explicit price targets, Pompliano says that BTC is in for a “big move” now that’s broken the previous all-time high of $110,000.

“Well, what we’re watching now is that we’ve broken through that $110,000 range, which was the previous all-time high. I don’t know if it goes to $140,000, but it sure is going to make a big move here—because we are in a true price discovery phase.”

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/BT Side

Author

Sujha Sundararajan

Author

Sujha Sundararajan

About Author

Sujha has been recognised as Women In Crypto 2024 by BeInCrypto for her leadership in crypto journalism.

Share

Last updated: 

June 24, 2025

American investor and entrepreneur Anthony Pompliano announced a $1 billion business merger to create a Bitcoin-native firm, ProCap Financial. The company has raised $750 million “from some of the leading institutional investors on Wall Street,” Pompliano posted on X.

“The company will be a publicly traded entity on Nasdaq,” said Pompliano through a special purpose acquisition company, or SPAC, with Columbus Circle Capital Corp.

“As part of the business combination, I have raised over $750 million, which is the largest initial fundraise in history for a publicly-traded bitcoin treasury company.”

ProCap to Acquire Bitcoin – BTC Treasury Firms Are on The Rise

Pompliano stated that ProCap will strategically acquire Bitcoin and generate revenue and profits from its BTC holdings.

Per the official announcement, ProCap Financial will hold up to $1 billion in Bitcoin on its balance sheet. It will offer services including trading, lending and capital markets, all denominated in Bitcoin.

Further, the $750 million funding includes $235 million in convertible debt, with the remaining amount comprising equity.

“It is time to get to work,” said podcast host Pompliano. In a reply to Strategy’s CEO, Michael Saylor, he said, “Your idea is spreading globally as people realize the value of Bitcoin.”

Indeed, inspired by Strategy (previously MicroStrategy), which currently holds 592,345, after adding 245 Bitcoins on Monday, several public companies are turning into Bitcoin proxies.

Intersection of Bitcoin and Traditional Finance

However, according to Pompliano, ProCap is pushing beyond that model. He said that the company would build a financial services platform on top of it, besides accumulating Bitcoin.

“Our objective is to develop a platform that will not only acquire bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate revenue and profits from our bitcoin holdings,” he said.

Additionally, equity investors will have immediate exposure from day one, the announcement added.

“ProCap Financial aims to become the leading financial services firm at the intersection of bitcoin and traditional finance.”

Pompliano told CNBC that the goal is to look and feel like a traditional financial institution, which resonates very differently with capital allocators.