There's a reckoning happening across both bitcoin and Wall Street, says Anthony Pompliano

Core Insights - The current state of Bitcoin reflects a transition where both traditional finance and crypto markets are beginning to understand each other, leading to a more stable investment environment for Bitcoin [1][6][8] - Bitcoin is increasingly viewed as a store of value akin to digital gold, while stablecoins are emerging as a more practical medium for transactions [2][4][10] - The integration of crypto into traditional finance is expected to evolve, leading to a future where the distinction between the two becomes less pronounced [9][10][14] Market Dynamics - Bitcoin's volatility has decreased, allowing larger pools of capital to enter the market, which may lead to a more stable price trajectory [1][5][13] - The demand for Bitcoin remains strong despite significant sales from early holders, indicating a persistent interest from institutional investors [5][6] - The rise of stablecoins is seen as a response to the need for a stable medium of exchange, contrasting with Bitcoin's role as a store of value [2][13] Future Outlook - The concept of crypto as a separate entity may fade, with the industry merging into the broader financial landscape, similar to how the internet evolved [8][10] - Financial technology advancements, such as AI-driven financial management tools, are expected to disrupt traditional financial advisory roles, paralleling the impact of Bitcoin and stablecoins on existing financial systems [12][13][14] - The ongoing digitization of financial assets is anticipated to transform market structures, making them more efficient and integrated [14][15]