Originally published on: October 18, 2024
Leading Bitcoin advocate Anthony Pompliano is bullish on Bitcoin’s future, citing shifts in macroeconomic policies globally as key catalysts for the next bull run. With interest rate cuts and increased global liquidity on the horizon, Pompliano sees a positive trend for cryptocurrencies and the stock market.
The recent 50 basis-point interest rate cut by the US Federal Reserve and a boost in global liquidity are paving the way for Bitcoin’s upward trajectory in the coming months. Pompliano predicts that the combination of lower rates and more liquidity will fuel Bitcoin’s growth, regardless of the outcome of the upcoming presidential election.
Despite the uncertainty surrounding the election, Pompliano remains optimistic about the market’s outlook. He points out that historically, the stock market has thrived under every administration, attributing this trend to the devaluation of the dollar.
For more insights from Pompliano on market trends, catch the full interview on Cointelegraph’s YouTube channel. Stay informed and subscribe for more articles like this in the Markets Outlook newsletter to spot investment opportunities, mitigate risks, and refine your trading strategies. Don’t miss out on critical insights to navigate the ever-changing market landscape.
