Bitcoin Will Rise Even if Inflation Cools

[Cartoon] “Bitcoin Rises Even If Inflation Eases”

Anthony Pompliano, founder of cryptocurrency-focused investment firm Pomp Investments, stated that “although Bitcoin (BTC) prices may fluctuate temporarily as inflation slows, they will ultimately trace an upward trajectory.” In an interview with Fox Business, he said, “Unlike in the past when inflation figures were soaring, investors now need to carefully consider whether they can continue holding Bitcoin. The key lies in believing in Bitcoin’s core value of ‘limited supply.’ Although inflationary pressure in the United States is easing in the short term, if the Federal Reserve continues increasing the money supply to maintain its target inflation level, the value of the dollar will decline further and Bitcoin will become a more valuable asset.”

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