Ethereum Prices Goes Above $250 for First Time Since February 24

3m
cryptoglobe

IMF Clashes with Marshall Islands’ Issuance of State-Run Cryptocurrency

3m
coinidol

Dow Futures Spark Higher as China Appears to Cool Trade Threat

9m
cryptonewmedia

Bitcoiners Sprint to Improve Lightning Network in 2-Day Virtual Hackathon

9m
cryptonewmedia

Bitcoin Price Above $10K Sees ‘Strange’ Premium After $1M BTC Buys

9m
cryptonewmedia

BTC/USD Supported by Bids Ahead of 9362: Sally Ho’s Technical Analysis 2 June 2020…

9m
cryptonewmedia

Martkist Mobile Wallet: An Overview

15m
thebitcoinnews

These Are the Most Rewarding Bitcoin Faucets in June 2020

27m
thebitcoinnews

Ethereum Hesitates Near $250 But Further Gains Seem Likely

38m
newsbtc

Bitcoin Energy Value may Help Push Price Even Higher

1h
beincrypto

dee

1h
beincrypto

Sony’s PS5 Event Delay Isn’t Irking Gamers – And That’s a Great Thing

1h
cryptonewmedia

How Can We Address the Cybersecurity Skills Gap? |

1h
cryptonewmedia

XRP Price Must Shake 30-Month Lows Vs. Bitcoin to Start Rally

1h
cryptonewmedia

KuCoin Partners With Chainalysis to Strengthen Compliance and Security Mechanisms

1h
cryptonewmedia

Cryptocurrency News Roundup for June 1, 2020

1h
beincrypto

OKEx Beacon Mentorship and Masterclass Program to Create Employment Opportunities in Crypto...

2h
newsbtc

Tron (TRX) Price Analysis: Signs of A Strong Rally To $0.02

2h
livebitcoinnews

Bitcoin Goes Above $10K 15 Minutes After President Trump's Speech on Law and Order

2h
cryptoglobe

African-American business leaders on George Floyd |

3h
cryptonewmedia

Japanese Finance Minister May Be Opposed to Lowering Tax on Crypto

3h
cryptonewmedia

2 Swiss Banks Launch Cryptocurrency Trading and Custody After Gaining Regulatory Approval

3h
cryptonewmedia

Ethereum Layer-2 Scaling Initial Deployments Successful

3h
beincrypto

Bitcoin Cash Rallies 8%: Here’s Why A Surge To $300 Is Likely

3h
cryptonewmedia

‘Woke’ Khloe Kardashian Desperately Wants to be an Activist

3h
cryptonewmedia


‘Ultra-Bull Case’ for Bitcoin Driven By Central Banks – Anthony Pompliano

Anthony ‘Pomp’ Pompliano of Morgan Creek Digital believes Bitcoin is about to experience an epoch-defining next 18 months.

Speaking to Bloxlive TV earlier in June, Pompliano said the next 18 months will be crucial for Bitcoin. The Morgan Creek Digital co-founder believes the plethora of developments with potentially global economic impacts will contribute to upscaling Bitcoin’s role in the global financial system.

Will Bitcoin Reign as King in Times of Economic Instability? @APompliano shares his thoughts with @BloxliveTV https://t.co/0eTl8nhm1z pic.twitter.com/s0nBvqLhde

— Jessica Walker (@Jessicaw_tv) June 11, 2019

Pomp drew a line linking trade tensions between the U.S. and China, dovish central bank policies and the 2020 Bitcoin halving as important drivers that will have a positive impact on BTC price.

According to Pompliano:

Over the next 12 to 18 months, we are going get a perfect storm for bitcoin. There are a number of events that are going to happen at the same time. Central banks will be forced into some interest rate cuts, maybe some QE. These events [will] ultimately drive Bitcoin into an ultra-bull case.

Already, several market analysts warn that the current global economic trajectory is one tending towards another financial crisis. Bitcoin appears to be in prime position to ride this tumultuous economic wave, offering, as Bitcoinist called it in an op-ed late last year, “a non-political alternative to the money printing pyramid.”

Monetary policymakers around the world from the Federal Reserve in the U.S. to the Bank of Japan (BOJ), and the European Central Bank (ECB) are all adopting dovish policies.

There are reports of adopting rate cuts or even zero-interest-rate policy (ZIRP), not to mention the seemingly permanent quantitative easing used to paper over the cracks of a deteriorating market.

Bitcoin emerged after the 2008 financial crisis and the next year-and-a-half could potentially form its defining crucible. This ‘digital gold’ is already providing a suitable shelter for investors against the coming financial storm. Ironically, it is the banks themselves that could further solidify its status as the prime driver in the separation of money and state.

If the separation of church and state opened the way for religious and political freedom, Bitcoin proponents argue that a politically-neutral, opt-in monetary system could do the same for economic freedom. In other words, it can do to money what the internet did for information.

Bitcoin in many ways has the ability to ‘scale trust’ in society by completely removing it from the equation. This will be particularly important when it comes to transferring and storing value compared to the ‘full faith and credit’ fiat money that has been holding the global financial system hostage.

Bitcoin will hopefully be a fully realized store of value when, not if, the credit bubble inevitably bursts.

What is your bitcoin price prediction for the year ending 2020? Let us know in the comments below.

Images via Shutterstock, Twitter @Jessicaw_tv

The post ‘Ultra-Bull Case’ for Bitcoin Driven By Central Banks – Anthony Pompliano appeared first on Bitcoinist.com.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments