ProCap Financial chairman Anthony Pompliano predicted Bitcoin will benefit from a “monetary slingshot” as the Federal Reserve prints money to combat deflation.
Summary
- Pompliano sees Bitcoin gaining after deflation triggers money printing.
- BTC drop to $70K tests long-term debasement thesis for holders.
- Gold leads now, but Bitcoin may win in post-deflation phase.
Speaking on FOX Business, Pompliano said Bitcoin’s value proposition remains intact long-term, but investors must hold through periods when deflation masks currency debasement effects.
Bitcoin (BTC) fell 50% from its $126,000 all-time high to around $70,000 as deflation replaced inflation as the…
