Wall Street need not be squeamish about Bitcoin’s ups and downs: Pomp

Bitcoin’s swan dive and the vanishing bid

At some point soon we’ll learn who finally blinked and dumped size into the abyss, but until that revelation surfaces, we trade the tape that almost sheared in half on Friday morning.

Wall Street need not be squeamish about Bitcoin’s ups and downs: Pomp

Bitcoiners aren’t new to 30% drawdowns, but it could be a first for many Wall Street investors, said crypto commentator Anthony Pompliano.

Wall Street need not be squeamish about Bitcoin’s ups and downs: Pomp

Anthony Pompliano told CNBC’s Squawk Box Bitcoiners are well aware that price volatility helps drive prices higher, but newcomers on Wall Street might have been caught off guard by the wild swings.