Pompliano Predicts Bitcoin Rebound
Cryptos | 08/22/2025 – 07:40 GMT
Spot Bitcoin ETFs in the United States have recorded their longest streak of outflows in over four months, with approximately $1.17 billion withdrawn over the past five trading days. This marks the most sustained wave of selling since April, when Bitcoin hovered near $79,625. Despite the downturn, crypto entrepreneur Anthony Pompliano believes the asset is now oversold and poised for a rebound.
Speaking on CNBC Thursday, Pompliano stated that Bitcoin’s current price—around $112,870 at the time—reflects oversold conditions. “Right now at 112, 113K, it is pretty oversold,” he said, pointing to seasonal trends and post-halving dynamics as potential catalysts for a renewed uptrend.
He emphasized that September and October, historically active months for crypto markets, could usher in stronger buying momentum. “People are in front of their screens in September. They’re not in August. So people are buying and being more active,” Pompliano added.
Bitcoin is down 4.98% over the past 30 days, according to CoinMarketCap. However, historical data from CoinGlass shows that Q3 has typically been Bitcoin’s weakest quarter, averaging just 6.02% returns since 2013. In contrast, Q4 has consistently delivered the strongest performance, with an average gain of 85.42%.
Pompliano believes that investor psychology plays a role: “If people believe that the end of Q3 and the beginning of Q4 is a good time for Bitcoin, people start to act in a way,” he said.
While Pompliano remains bullish on Bitcoin’s long-term trajectory, he expressed skepticism about the asset reaching $1 million in the current cycle. “Bitcoin will definitely go to one million at some point in the future, but I just think this cycle it is very unlikely,” he said.
His comments follow speculation surrounding the upcoming September 17 Federal Reserve meeting, where a rate cut is widely anticipated. Pompliano noted that increased institutional interest—particularly from treasury firms raising capital to buy Bitcoin—could further support demand.
His forecast came just one day after Coinbase CEO Brian Armstrong suggested Bitcoin could reach $1 million by 2030, calling it a “rough idea” based on long-term adoption trends.