Anthony Pompliano, CEO of Professional Capital Management, attributed Bitcoin’s (CRYPTO: BTC) ongoing rally to indications that policymakers may continue expanding the money supply.
Pompliano Bets on Continued Money Printing
In a Fox Business interview, Pompliano identified short- and long-term catalysts that drove Bitcoin back above $80,000.
“The short-term is that the Treasury hints they’re going to step in and double their purchases of long-dated yields and treasuries, and it’s a reminder that the U. S. Government is never going to stop printing money,” the Bitcoin (CRYPTO: BTC) bull said.
Notably, Matthew Sigel, VanEck’s Head of Digital Asset Research, also linked Bitcoin’s rebound to the Treasury’s announcement.
