Anthony Pompliano Identifies The Main Drivers Of The Upcoming Bitcoin Rise
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Written by
Yana Levkovich - Updated 2024-11-20 12:07:57
Longtime Bitcoin supporter Anthony Pompliano predicts that a change in global macroeconomic policy, specifically interest rate reductions and increased global liquidity, will push Bitcoin values higher in the upcoming months.
Along with increased global liquidity, Pompliano thinks that the US Federal Reserve's September 18 interest rate decrease of 50 basis points signals the start of a new trend that will help the stock market and cryptocurrencies alike.
He predicted that interest rates would decline over the next 12 to 18 months, which would benefit all investable assets.
He contends that more liquidity and reduced interest rates will support Bitcoin's expansion.
Regardless of the outcome of the next presidential election in early November, where Donald Trump and Kamala Harris are now tied in the polls, Pompliano believes this rising trend will continue.
Pompliano said that, except for George W. Bush's presidency, which was influenced by the global financial crisis 2008, the stock market has typically increased during every administration.
Every president, Republican and Democrat alike, has presided over an increase in stock prices. Why is that? He said, “It's because we devalue the dollar.”
