Anthony Pompliano has never been accused of underselling Bitcoin. But his latest appearance on CNBC took the pitch to a new level: he argued that Bitcoin has “no top” because the US dollar has “no bottom,” and that the cryptocurrency could eventually breach $1 million.
The ProCap Financial CEO made the remarks on May 28, framing Bitcoin’s long-term trajectory as a direct function of US monetary policy. His logic is straightforward. Politicians keep spending, the government keeps borrowing, and the dollar keeps losing purchasing power. Bitcoin, with its fixed supply of 21 million coins, just sits there appreciating by comparison.
The dollar devaluation thesis
Pompliano’s argument rests on a few key macroeconomic data points. The US national debt now stands at approximately $40 trillion. The dollar has lost roughly 30% of its purchasing power since 2020.
Pompliano put it bluntly back in February 2026: “If Bitcoin doesn’t go to $0, it’s going to a million at some point.”
