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Rate cuts and rising liquidity could boost Bitcoin in the coming months, says Bitcoin bull Anthony Pompliano.
A shift in macroeconomic policies around the world, particularly interest rate cuts and an increase in global liquidity, is expected to drive Bitcoin (BTC) prices higher in the coming months, according to long-time Bitcoin advocate Anthony Pompliano.
Pompliano believes that the US Federal Reserve’s 50 basis-point interest rate cut on Sept. 18, along with rising global liquidity, marks the beginning of a new trend that will benefit both cryptocurrencies and the stock market.
“They are going to bring interest rates down over the next 12 to 18 months, and that is going to serve as a tailwind for all investable assets,” he said.
He argues that the combination of lower rates and more liquidity will provide strong support for Bitcoin’s growth.
In Pompliano’s view, this upward trend is expected to continue regardless of the outcome of the upcoming presidential election in early November, where Donald Trump and Kamala Harris are currently neck and neck in the polls.
As Pompliano pointed out, the stock market has generally risen under every administration, except during George W. Bush’s presidency, which was impacted by the 2008 global financial crisis.
“Every single president, both Republican and Democrat, has overseen an upmarket in the stocks. Why is that? It’s because we devalue the dollar,” he explained.
To hear more about Pompliano’s outlook on the markets, check out the full interview on our channel—and don’t forget to subscribe!
This article first appeared at Cointelegraph.com News
