European Central Bank Woes ‘Rocketfuel’ for Bitcoin: Pompliano
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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Disclaimer. This content is for informational and educational purposes only. It does not constitute financial advice, a recommendation, or an offer to buy or sell any security or digital asset. Past performance does not guarantee future results. Cryptocurrency investments are subject to high market risk and volatility.