Bitcoin Could Reach $1M Amid Dollar Devaluation, Says Anthony Pompliano

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According to recent Forbes coverage, cryptocurrency entrepreneur and ProCap CEO Anthony Pompliano stated that continued U.S. dollar devaluation could push Bitcoin to $1 million, as the U.S. government continues printing money. Speaking on CNBC, Pompliano remarked: "Bitcoin has no ceiling because the dollar has no floor." He noted that U.S. government spending continues to expand, with national debt approaching $40 trillion despite efforts to cut fiscal expenditures. Data cited includes the Federal Reserve's balance sheet expanding to approximately $6.3 trillion and M2 money supply reaching a historic high of about $22.7 trillion over the past year.
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