Bitcoin (CRYPTO: BTC) will “never stop going up” because “they will never stop printing money,” said Anthony Pompliano, founder and CEO of Professional Capital Management, during a Tuesday interview on CNBC.
Pompliano Calls Bitcoin The “Hurdle Rate”
Pompliano said Bitcoin’s appeal lies in its simplicity as “savings technology.”
He explained that investors can “work hard, spend less than they make, and put their savings into Bitcoin” to preserve value against monetary debasement.
He added that the trend of investors moving capital into Bitcoin represents the “story of finance of this decade,” noting that “Bitcoin is becoming the hurdle rate.”
According to Pompliano, since 2020 the S&P 500 (NYSE:SPY) has doubled in dollar terms but is down 90% when …