As Bitcoin's price continues to fall, triggering a fresh wave of concern across the broader crypto market, prominent Bitcoin advocate Anthony Pompliano has issued a message to investors.
In a recent X post published by the pro-Bitcoin advocate on November 13, Pompliano urged investors to stay calm even as Bitcoin fell back to $67,000 for the first time since August.
Not enough to panic
While Pompliano acknowledged the current market weakness, noting that Bitcoin had dropped to price levels last seen three months ago, he encouraged Bitcoin investors to remain composed.
In discussing Bitcoin's price decline, Pompliano linked the situation to AI, another fast-growing technology, highlighting the increasing connection between the two sectors.
Pompliano views the ongoing market movements as evidence that Bitcoin and AI have become part of one major investment trade.
Although he did not explicitly explain how Bitcoin and AI have become one big trade, Pompliano appears to be drawing attention to how closely investors may now view these two major investment assets in the technology and financial markets.
He is therefore encouraging investors to stay positive about Bitcoin's long-term potential, suggesting that the same market forces driving interest in AI could also support a possible recovery for Bitcoin.
Bitcoin retests $67,000
Pompliano's comment comes as Bitcoin faces renewed selling pressure, retesting its three-month low near $67,000 after falling more than 5% over the past 24 hours.
Bitcoin's current price movements have raised questions about whether the decline signals a deeper market correction or merely another temporary setback, with some commentators disagreeing with Pompliano's call for confidence.
