Pompliano Bets on Governments' Money Printing for Bitcoin Boom

Anthony Pompliano, CEO of Professional Capital Management, is confident that Bitcoin (BTC) will perform well over the long term if authorities continue printing money. He expressed this view in an interview with Fox Business, where he described people in Washington, D.C., as 'absolutely ridiculous' for expanding the money supply.

Pompliano believes that governments will keep printing money, which is a bet he's willing to take. If they do so at an accelerating pace over the next decade, nothing is off the table for Bitcoin. He noted that 20 years is a 'long time,' and a lot can change in that period.

Pompliano mentioned Michael Saylor's prediction about Bitcoin gaining 30% every year for the next 20 years. While he acknowledged this as a possibility, he emphasized that a lot can happen in such a long timeframe. The rapid growth of AI over a similar period is an example of how quickly things can change.

A Coinglass chart comparing Bitcoin's price growth to global money supply largely supports Pompliano's arguments. However, the relationship has broken down in the current bear market, meaning rising money supply has not been matched by rising Bitcoin prices.