Pompliano referred to the recent decision by the U.S. Department of the Treasury to increase the volume of long-term Treasury bond buybacks. Starting September 9, the maximum size of a single such operation is expected to at least double, from $2 billion to $4 billion. The department explained this step as necessary to enhance liquidity in the long-term government debt market.
According to the head of ProCap Financial, the department's actions show that U.S. authorities are willing to inject money into the financial system. Pompliano considers the increase in the money supply as one of the short-term factors that could push up the price of the first cryptocurrency.
"Bitcoin has no ceiling because the dollar has no floor. The U.S. government will never stop printing money," stated Pompliano.
Furthermore, according to the top manager, AI is making computing power and knowledge more accessible – under such conditions, investors will place a higher value on assets with a limited supply. Bitcoin is among these.
The head of ProCap Financial identified excessive government spending as the main problem of the American economy. He stated that both Republicans and Democrats spend too much, forcing the authorities to intervene in the debt market.
Previously, Anthony Pompliano stated that a 40% correction in Bitcoin from its peak values could create conditions for a new record. In his opinion, the stronger the price pullback, the more powerful the subsequent growth could be due to the "slingshot effect."
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