Bitcoin Is ‘The Simplest Story In Finance,’ Will Climb Regardless Of Election Winner, Says Anthony Pompliano
Anthony Pompliano, CEO of Professional Capital Management, attributes the cryptocurrency market growth to broader global and sector-focused factors but dismisses the notion that the U.S. presidential election plays a significant role.
What Happened: In an appearance on CNBC Squawk Box on Thursday, Pompliano linked this growth to the rising adoption of stablecoins.
Pompliano, who will be a headline speaker at Benzinga’s Future of Digital Assets event on Nov. 19, noted that market conditions are favoring assets like Bitcoin (CRYPTO: BTC), which has seen a 60% rise this year. Contrary to popular belief, he doesn’t associate Bitcoin’s surge with the election or any candidate.
Pompliano attributes Bitcoin’s rise to several factors:
- The post-halving supply shock
- Lower interest rates from central banks
- An expanding M2 money supply
- Bullish investor sentiment
He predicts that Bitcoin’s value …
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