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European Central Bank Woes ‘Rocketfuel’ for Bitcoin: Pompliano

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July 26, 2019 | 

666 Views | 

Darryn Pollock | 

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Morgan Creek Digital Assets co-founder and prominent Bitcoin bull, Anthony Pompliano has remarked that the European Central Bank’s (ECB) policy on cutting rates and printing money will be ‘Rocketfuel’ for the price of Bitcoin.

Due to a severe economic downturn in Europe, the ECB intends to deliver another round of monetary stimulus, but this dovish approach is indicative of struggles from the financial system.

For Pompliano it also indicates that Bitcoin may be able to profit from the system’s poor performance,especially in the run up to its halvening which is now less than a year away.

Bullish for Bitcoin

Commenting on the ECB’s proposed monetary policies, Pompliano tweeted

“ROCKET FUEL: They’re going to cut rates and print money right as we march towards the Bitcoin halving. Buckle up. This will be wild

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