Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
Anthony Pompliano, Chairman and CEO of ProCap Financial, assessed the key factors behind the recent rally observed in the cryptocurrency market. Pompliano, a leading figure in the crypto asset ecosystem, argued that macroeconomic factors, monetary policies, and changes in global cash flow are behind the upward trend.
According to Pompliano, Bitcoin is the financial asset most sensitive to the ongoing global money printing and currency devaluation. Central banks, particularly in the United States, are reportedly taking monetary expansion steps to address debt burdens and budget deficits, leading investors towards assets with limited supply. This situation makes Bitcoin, with its fixed supply of 21 million, stand out as a digital store of value.
It is stated that the increase in market liquidity, as well as the interest of institutional investors, has accelerated the rise. The entry of traditional financial institutions into the market through spot Bitcoin ETFs and direct treasury strategies increases demand pressure on the limited supply, creating an upward mechanism in price formation.
Pompliano said, “As long as they keep printing money, Bitcoin will continue to rise in the long term,” and added:
“There’s a saying, ‘Since the dollar has no bottom, Bitcoin has no top either.’ I think people have been reminded of that again.”
*This is not investment advice.
Source: cryptonews.net