Anthony Pompliano, founder of Pomp Investments, is sticking to his long-term positive outlook on Bitcoin (BTC), even with its price dipping below $100,000. He predicts 2025 will be a banner year for the cryptocurrency.
Two Key Drivers for Bitcoin’s Growth
Pompiliano points to two main factors fueling his optimism:
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Global Money Printing: Continued money printing by the US and other countries will inflate the overall money supply.
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Falling Interest Rates: A Federal Reserve cutting interest rates leads to cheaper capital available for investment, boosting market activity.
Essentially, he believes the combination of increased money supply and lower interest rates will drive more investment into Bitcoin.
Bitcoin’s Growing Market Cap Reduces Risk
Pompiliano also argues that Bitcoin’s increasing price and market cap make it less risky for large investors. He explains that previously, huge investment firms were hesitant to put significant funds into Bitcoin due to its relatively small size and perceived volatility. Now, with a market cap in the trillions, it’s become a more attractive option for these large players. As more institutional money flows in, the price is likely to rise further.
Disclaimer:
This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in any cryptocurrency./p>
