Anthony Pompliano Predicts Bitcoin Could Reach $1 Million Amid Dollar Depreciation

Cryptocurrency entrepreneur and ProCap CEO Anthony Pompliano has suggested that the continuous depreciation of the U.S. dollar could eventually drive Bitcoin's price to $1 million. According to ChainCatcher, Pompliano shared his views on CNBC, stating, "Bitcoin has no top because the dollar has no bottom." He highlighted that despite efforts by U.S. President Donald Trump's administration to reduce fiscal spending, the U.S. debt remains close to $40 trillion. Pompliano pointed out that the Federal Reserve's balance sheet has expanded to approximately $6.3 trillion over the past year, with the M2 money supply reaching a historic high of around $22.7 trillion. He noted that in the context of ongoing government money printing, non-productive assets like gold and Bitcoin are consistently outperforming the stock market. However, Pompliano admitted that while predicting Bitcoin's price is straightforward, timing its rise to $1 million is challenging.