Pompliano: Continued decline in dollar value will push BTC to $1M

Morgan Creek founder Anthony Pompliano believes the U.S. government's indiscriminate money printing will push Bitcoin to $1 million, Forbes reported. Appearing on CNBC, he pointed out that a decline in the dollar's value is inevitable, with U.S. debt at $40 trillion and the M2 money supply at an all-time high of $22.7 trillion. Pompliano argued that despite the current administration's efforts to curb fiscal spending, the Fed's balance sheet has swelled to $6.3 trillion, which will cause scarce assets like Bitcoin to outperform stocks. However, he remained cautious about the exact timing, stating that while price predictions are easy, getting the timing right is very difficult.