Bitcoin Has 'No Top,' Because 'Dollar Has No Bottom,' Says Anthony Pompliano: 'The Money Printer Will Never Turn Off'

What happened

Anthony Pompliano, CEO of Professional Capital Management, said Bitcoin has 'no top' because the dollar has 'no bottom,' and that the money printer will never turn off. He attributed Bitcoin's rally to policymakers possibly expanding the money supply.

Confirmed

Global impact / market context

If the dollar weakens due to more money printing, Bitcoin may become more attractive as an alternative store of value. This could drive more investment into Bitcoin, potentially raising its price and affecting investors who hold dollars or Bitcoin.

Analyst inference

Bitcoin's price often rises when people expect central banks to increase the money supply, which can reduce the dollar's purchasing power. This comment adds to a narrative that may influence investor positioning in cryptocurrencies versus traditional currencies.

Analyst inference

What to watch

1. Watch for any official statements from policymakers about increasing the money supply, as Pompliano's comment directly ties Bitcoin's rally to such actions. Confirmed
2. Consider monitoring the dollar's value against major currencies, because a weaker dollar could support Bitcoin's price, according to Pompliano's view. Proposed
3. Watch Bitcoin's price movements for signs of continued upward momentum, which may reflect investor belief in the 'no top' scenario if money printing persists. Analyst inference

Affected assets

• ZEC — Zcash
• BTC — Bitcoin

Evidence

• benzinga.com