Bitcoin is sitting between $95K and $100K, and guess what? People are getting restless. But if you’ve been around long enough, you know this is the exact moment when smart money steps in, and the impatient traders get left behind. Anthony Pompliano’s latest episode of The Pomp Podcast breaks down what’s really happening under the surface—and why now might be the most critical time to focus on Bitcoin.

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The Price is Stuck. So What?

Bitcoin ran from $40K to $100K in 2024 after the ETF approvals. Now, it’s consolidating. That’s normal. But here’s the problem: When things go sideways, traders get bored, meme coins pump, and short-term speculators chase shiny objects. This is not what the pros are doing.

Pomp reminds us that legendary investors don’t just find great assets—they press their winners. MicroStrategy started buying Bitcoin in 2020. Now they own nearly 2% of the total supply. Why? Because they kept buying. The biggest mistake investors make isn’t getting in too late—it’s not accumulating aggressively when the market hands them an opportunity.

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Nation-States and Institutions Are Quietly Buying

While retail traders hesitate, sovereign wealth funds, investment boards, and institutions are stacking Bitcoin. Look at who’s getting in:

• El Salvador is buying Bitcoin and taking self-custody.
• Bhutan and Russia are mining and accumulating Bitcoin.
• Norway’s sovereign wealth fund has Bitcoin exposure through equities.
• Abu Dhabi’s sovereign wealth fund has put nearly $500M into Bitcoin ETFs.
• The Wisconsin Investment Board is increasing its ETF allocations.

Governments and major funds don’t care about short-term price moves. They’re accumulating because they understand what’s coming: Bitcoin as a strategic reserve asset.

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Bitcoin ETFs Change the Game

Some investors prefer to hold spot Bitcoin. Others want ETF exposure. Both approaches work. The ETFs are onboarding institutional money that never had easy access before. Some traders are even converting their self-custodied Bitcoin into ETFs for simplicity and security.

This isn’t about ideology—it’s about demand. The more money that flows into ETFs, the more Bitcoin gets locked away, reducing liquid supply. And when demand outpaces supply? Prices go vertical.

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The Ultimate Bullish Signal: Bitcoin Holders Aren’t Selling

Here’s the most important stat: 50% of Bitcoin hasn’t moved in over two years.

This isn’t a market full of weak hands. Bitcoiners know what they hold. When you combine a fixed supply with increasing demand from institutions, sovereigns, and retail, the only logical outcome is higher prices over time.

And if you need even more confirmation? Gold, the world’s oldest hard asset, is up 50% YoY and approaching $3,000. Historically, Bitcoin follows gold—but with higher beta. If gold is making moves, Bitcoin is next in line.

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Final Thoughts: The Quiet Before the Storm

Bitcoin’s liquidity cycle is playing out in real time. We’re in a period of consolidation before the next leg up. Governments are getting in. Institutions are getting in. But retail? They’re getting bored.

That’s exactly how the biggest bull runs start.

Stay focused. Stay patient. Accumulate aggressively. The next wave of Bitcoin adoption isn’t years away—it’s happening right now.