Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Out-of-Control Surge in US National Debt Fueling Bitcoin Rallies, Says Anthony Pompliano

The founder of venture capital firm Pomp Investments says that mounting US national debt is helping push Bitcoin ( BTC ) to new heights. In a new interview with Fox Business, longtime crypto bull Anthony Pompliano says that as long as the US government keeps the money printers on, the top crypto asset by market cap will continue to rally. “I think that Bitcoin is going to continue to go up as long as the government keeps printing money. So at the same time that Trump has been elected and has stepped into the White House, saying that he’s going to be the ‘first Bitcoin president’ – which obviously is very bullish for the asset class – you also see that the national debt is exploding in the last 100 days or so.” According to Pompliano, investors and institutions are increasingly using the flagship digital asset as a store of value and as a means of countering inflation, noting that the US national debt is “out of control.” “If you overlay [the rising national debt and BTC’s price], they’re like married together forever because ultimately what I think is happening is people [are] realizing the national debt leads to debasement of the currency and so if Bitcoin is a store of value, they are hiding from dollars and they’re going into Bitcoin… I mean we were adding $1 trillion every 100 days or so [to the debt], which obviously is out of control… You have tons of financial institutions and corporations who are saying, ‘Well hold on a second, let’s go buy a lot of Bitcoin.’ So you have a finite asset with tons of demand coming in and that’s leading to higher prices.” Bitcoin is trading for $104,607 at time of writing, a 3.01% increase during the last 24 hours while the US national debt is currently at $36.13 trillion , according to the US Treasury Department. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Out-of-Control Surge in US National Debt Fueling Bitcoin Rallies, Says Anthony Pompliano appeared first on The Daily Hodl . CoinTurk News

---

XRP Primed for Major Rally as Analysts Eye $4 and $8.76 Price Targets

After months of consolidation, XRP has signaled a bullish breakout, paving the way for significant upside potential. At press time, the cryptocurrency is trading at $2.40, marking a substantial recovery from its previous range of $0.50 to $0.60. Year-to-date, XRP has surged 326%, with technical indicators now pointing toward continued upward momentum. Technical Indicators Signal … Continue reading "XRP Primed for Major Rally as Analysts Eye $4 and $8.76 Price Targets" The post XRP Primed for Major Rally as Analysts Eye $4 and $8.76 Price Targets appeared first on Cryptoknowmics-Crypto News and Media Platform . CoinTurk News