As Bitcoin (CRYPTO: BTC) moves closer to $70,000, a fresh scarcity narrative is gaining traction.
Bitcoin The ‘Key Scarcity Asset’
Anthony Pompliano, CEO of Professional Capital Management, on April 4 described Bitcoin as a key “scarcity asset.”
He argues that it stands to benefit from a long-term macro shift, where investors increasingly favor limited-supply assets, like Bitcoin and oil, over assets that can be easily expanded.
However, the broader market appears confusing due to conflicting macro signals.
On the one hand, rising energy prices point to persistent inflation. On the …