Anthony Pompliano Says Bitcoin Set To Be 'A Big Winner' In Coming Months Due To 'Cheap Money Floating Into The System'

Anthony Pompliano, founder and CEO of Professional Capital Management, believes that Bitcoin BTC/USD is poised for significant gains in the coming months, attributing its potential upward momentum to the recent shift in global monetary policy.

What Happened: “Bitcoin ends up being a big winner whenever we get kind of cheap money floating into the system,” he said during an interview with CNBC.

Pompliano, who will be a headline speaker at Benzinga’s Future of Digital Assets event on Nov. 19, pointed to the Federal Reserve’s recent 50 basis-point interest rate cut, suggesting it signals the beginning of a new cycle of liquidity expansion in the market.

Pompliano also highlighted Bitcoin’s sensitivity to global liquidity changes, referencing a recent study that found Bitcoin is the most responsive asset to fluctuations in global liquidity, even more so than the S&P 500 or other assets.

“83% of the time, Bitcoin moves with global liquidity,” Pompliano explained.

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As central banks worldwide ease their rate cycles, the anticipated influx of liquidity is expected to provide a tailwind for Bitcoin.

While it’s difficult to pinpoint the exact catalysts driving Bitcoin’s recent price action, Pompliano notes a mix of long-term holders and active traders currently influencing market dynamics.

“More than 50% of all Bitcoin is being held for over a year and not moving on-chain, which I think is probably the best signal,” he observed.

What‘s Next: Industry leaders like Anthony Pompliano and Jan Van Eck will speak on market trends at Benzinga’s Future of Digital Assets event on Nov. 19.

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