Donald Trump’s Pro-Crypto Agenda Could Push Bitcoin to $100K Soon, Says Pompliano

In a recent interview, Antony Pompliano, founder and CEO of Professional Capital Management, shared his optimism about how Donald Trump, the newly elected U.S. President, could reshape the country’s approach to cryptocurrency. Pompliano made some bold predictions and highlighted key points that suggest big changes could be coming.

Let’s take a closer look!

Trump Remains Pro-Crypto

During the election campaign itself, Republican leader Donald Trump promised that he would establish a pro-crypto environment if elected. He made some aggressive statements against the Democratic party for the handling of the key issues faced by the crypto sector, especially criticising US SEC chairman Gary Gensler.

Pompliano sees Trump as a “pro-Bitcoin” president, emphasizing Trump’s commitment to protecting the rights of crypto investors, especially those invested in Bitcoin. He also talked about Donald Trump’s Bitcoin holdings, confirming that he does indeed own BTC and “loves” it!

Crypto markets are experiencing a dip today, driven by a mix of regulatory fears and market corrections. Read more here to find out why crypto is down today.

Bitcoin Reserve in the Making?

There are growing rumors about a potential plan to create a national Bitcoin reserve, with sources close to Trump suggesting this could become a reality. Pompliano supported this idea, predicting that Trump could set up the Bitcoin reserve within his first 100 days in office.

Bitcoin’s Rise vs. U.S. Debt: A New Hedge?

In August, U.S. government debt stood at $35.3 trillion, rising to $36 trillion by October, reflecting a 1.98% increase. Meanwhile, Bitcoin has performed much better, rising by 7.58% during the same period and up 35.4% in the last 30 days. Since the U.S. presidential election on November 5, Bitcoin has surged by 27.51%, outpacing the growth in U.S. debt.

Pompliano and other experts, including Tom Lee, believe that Bitcoin could become a hedge against the U.S. government’s growing debt, offering a more stable store of value.

Bitcoin Eyes $100K

Bitcoin is currently hovering near $90,000 and is on the brink of a potential breakout. Pompliano has previously predicted that Bitcoin will hit $100,000, and he remains confident in this forecast. He believes that institutional investors will play a crucial role in driving Bitcoin’s future growth.

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With Trump’s support and the growing interest from institutional investors, Bitcoin could soon play a major role in U.S. economic policy. This could mark the beginning of a new era for digital assets, with Bitcoin at the center of it all.