Bitcoin advocate Anthony Pompliano predicts that a shift in global macroeconomic policies, particularly through interest rate cuts and increased liquidity, will boost Bitcoin prices significantly in the coming months. He highlights a potential 50 basis-point interest rate cut by the US Federal Reserve as a catalyst for this change. Pompliano believes that lower interest rates and rising liquidity will create a supportive environment for Bitcoin and other investable assets. He stresses that this upward trend in Bitcoin value is likely to persist irrespective of the outcomes of the upcoming presidential election in November, emphasizing that historically, stock markets have risen under every administration except during the 2008 financial crisis. Moreover, he attributes this to the tendency of the dollar to be devalued over time.

Source 🔗