30s Summary

Bitcoin enthusiast Anthony Pompliano suggests that global economic policy changes, such as lowering interest rates and increasing worldwide money supply, will boost Bitcoin prices in the near future. He believes that the rate cut by the US Federal Reserve and the growth in global funds set a trend that benefits cryptocurrencies. According to Pompliano, the current trend will favor all investable assets no matter who wins the upcoming US presidential elections. He notes that it’s not the political party in power that defines the trend, but the devaluation of the dollar.

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So, Anthony Pompliano, a big-time Bitcoin fan, reckons that changes in global economic policies, like slashing interest rates and boosting global cash flow, are set to pump up Bitcoin prices in the coming months.

He’s looking at stuff like the US Federal Reserve’s hefty interest rate cut on September 18, alongside a surge in available global funds. He reckons these are the start of a cool new trend that’s going to do wonders for cryptocurrencies, including Bitcoin, and the stock market.

As Pompliano sees it, “They’re going to bring the interest rates down over the next year or so. That wind in our sails is going to boost all types of investable assets including Bitcoin.”

He’s adamant that lower rates and more dosh floating around will give Bitcoin a solid boost. And he’s not bothered about who wins the fast-approaching US presidential race, where it’s currently anyone’s game between Donald Trump and Kamala Harris. He’s sticking to his guns, claiming Bitcoin’s rise will keep ticking over regardless of the result.

He makes a point that, apart from under George W. Bush when the 2008 financial crisis hit, the stock market has generally trended up, no matter who’s been running the show, Democrat or Republican. Why’s that? “Because we devalue the dollar,” he says.

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Source: Cointelegraph