Professional Capital Management CEO Anthony Pompliano to give insight into Trump’s speech at the bitcoin conference and how bitcoin may perform moving forward.
On Trump’s feelings towards bitcoin, Pompliano states: “You can look at who is around him, right? If you look at, his sons, if you look at some of the advisors that he has, if you look at even folks that we know have been talking to him about bitcoin, specifically somebody like Vivek, etc., I do think that it is highly likely he is much more sympathetic than he was previously. Now the question is, what does that mean? What will he actually do? And you know, unfortunately for all candidates, whether it is Trump, if it’s Harris running against him, if it’s RFK, etc. we don’t know what they’re going to do until they’re in office.”
In terms of bitcoin’s price, Pompliano states: “But what you have to believe to understand that bitcoin has a very high probability of continuing to go up over many years to come, is that the US dollar structurally is going to be debased. If you go back and you look at, Republicans or Democrats, whoever is in office, they continue to increase the national debt. Today, the national debt hit $35 trillion and there are no signs of slowing down. So they’re going to continue to devalue the currency. Then anything priced in that currency will go up. It’s why the stock market continues to go up at around 8 to 9%.”
#youtube #news #TRUMP
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
source
