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The Pomp Podcast
#1448 Anthony & Polina Pompliano | Bitcoin Preparing To Burst Into End of Year?!
Dec 3, 2024
Polina Pompliano, author of ‘Hidden Genius’ and founder of The Profile, and Anthony Pompliano, CEO of Professional Capital Management, dive into Bitcoin's remarkable surge and speculate on its future. They explore the regulatory landscape and the impact of Trump's potential return to office. The duo critiques current KYC regulations as burdensome for small businesses. They also analyze how Biden's pardon of Hunter might affect political dynamics and monetary policies. Tune in for a lively discussion on Bitcoin's role in a shifting economic landscape!
54:06
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Quick takeaways
- Bitcoin's recent historic price surge is attributed to a supply shock and increased demand from major investors like MicroStrategy.
- The anticipated pro-crypto policies under Donald Trump's administration are expected to create a favorable regulatory environment for Bitcoin and altcoins.
Deep dives
Bitcoin's Record Momentum
Bitcoin recently achieved its highest monthly close in history, with prices soaring significantly after a period of stagnation. The rise has been fueled by a supply shock created by the recent halving, which halved the number of new Bitcoins entering the market, while demand has surged as major players like MicroStrategy ramp up purchasing. This has led to predictions of Bitcoin potentially reaching between $150,000 to $200,000 within the current cycle, with forecasts from investment managers supporting this bullish sentiment. Overall, the current market dynamics combine a unique confluence of factors, driving both momentum and optimism among investors.
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