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HomeCrypto NewsMarketAnthony Pompliano Says Bitcoin Won’t Stop Going Up, Calls BTC a Hurdle Rate in Modern Finance

Anthony Pompliano Says Bitcoin Won’t Stop Going Up, Calls BTC a Hurdle Rate in Modern Finance

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Despite Bitcoin’s stellar performance in recent weeks, Anthony Pompliano believes BTC’s rally is far from over. 

The Professional Capital Management founder and CEO made the bold prediction during an interview with CNBC, asserting that Bitcoin’s value will continue to surge as long as governments and central banks keep printing money. 

His argument aligns with a widely held sentiment in the broader cryptocurrency market, which suggests that continuous money printing will continue to erode the purchasing power of fiat currencies. Crypto enthusiasts believe that this trend positions Bitcoin as a haven and superior store of value in an era of relentless monetary inflation. 

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BTC as a Savings Technology 

Notably, he referred to Bitcoin as a savings technology that enables people to preserve the value of their earnings in a straightforward manner. 

According to him, the strategy only involves working hard, earning money, and spending only a portion of it, with the rest allocated to BTC. Over time, he believes this disciplined approach will enable investors to benefit from Bitcoin’s potential price appreciation, especially as fiat currencies continue to weaken. 

The Hurdle Rate of Modern Finance 

Interestingly, Pompliano described Bitcoin as the new “hurdle rate” in modern finance. This suggests that he views BTC as the baseline investment benchmark that other assets, including traditional financial instruments, must outperform to be considered truly worthwhile. 

Comparing Bitcoin’s performance to the S&P 500, Pompliano noted that while the traditional financial instrument has spiked over 100% since 2020, it has plunged 90% when measured in BTC. 

He further pointed out that beyond the S&P 500, nearly all traditional financial instruments that appear profitable in fiat terms have significantly underperformed when measured against Bitcoin. 

If You Can’t Beat Bitcoin, Buy It 

Notably, he noted that since it is difficult for traditional investments to outperform Bitcoin, investors are left with no choice but to buy it. 

Pompliano’s commentary comes hours after Bitcoin registered a new all-time high of $126,198. Although the apex crypto has retraced slightly to $124,714 at press time, many, like Pompliano, still believe it has more room to grow. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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