Anthony Pompliano, founder of Pomp Investments, continues to hold a positive long-term view on Bitcoin (BTC) $94,871 despite its recent decline below the psychological price level of $100,000.
Positive Expectations for Bitcoin
In an interview with FOX 5, Pompliano expressed that 2025 would be a great year for Bitcoin. He mentioned two potential factors that could drive up Bitcoin prices.
Pompliano pointed out that the continued money printing in the United States and globally could lead to an increase in Bitcoin prices. He also noted that the Federal Reserve’s anticipated interest rate cuts would boost the M2 money supply, allowing cheap capital to flow into the market. While the first reason remains undeniably valid, the Fed is expected to implement two rate cuts in 2025. Although the current expectations of reduced rate cuts may be contributing to the current market decline, positive inflation data over the next month or two could reverse this trend.
Interest from Institutional Investors
Pompliano explained that Bitcoin’s strengthened performance an…
Read Entire Article
Screenshot generated in real time with SneakPeek Suite
BitRss World Crypto News | Market BitRss | Crypto Deals
Design By New Web | ScriptNet