Anthony Pompliano, CEO of Professional Capital Management, said on Thursday that the more cash handouts President Donald Trump gives, the better it’d be for assets like Bitcoin (CRYPTO: BTC).
Pompliano is Bullish on BTC
Trump proposed $5,000 “Trump dividend” checks to every American adult citizen if Republicans win the November midterms. The proposal would cost roughly $1.2 trillion.
Pompliano argued that stimulus would boost inflation and the money supply, driving demand for scarce assets like Bitcoin, gold, and land as stores of value.
“The more money he hands out, the higher Bitcoin, gold, and land will go,” he added.
