Latest news with #Pompliano
Yahoo
23-05-2025
- Business
- Yahoo
Anthony Pompliano Says Dollar Debasement Will Skyrocket Asset Prices, Says 'It Is Now Clear There Is A Near Zero Percent Chance...'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin (CRYPTO: BTC) advocate Anthony Pompliano believes it is clear to him that America will not balance its budget and that a weaker dollar will keep pushing up the prices of financial assets. What Happened: Pompliano posted on X, stating that the odds of a U.S. balanced budget are now "near zero" and warns that "dollar debasement will drive asset prices until they bury me six feet under."Don't Miss: Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – unlock the power of alternative investments including a Crypto IRA within your retirement account. Pompliano's stark warning landed the same day investors snubbed a $16 billion sale of 20-year Treasury bonds. The auction's weak demand drove the 30-year yield above 5%, a level not seen since late 2023, and sent long-dated bond prices to 19-month lows. The sell-off rippled across markets: major stock indexes fell and the U.S. dollar slipped, signaling fresh nerves over how Washington will finance its growing debt pile. Why It Matters: Debt worries were already on edge after Moody's last week stripped the U.S. of its final triple-A credit rating, citing soaring deficits and rising interest costs. The downgrade puts Moody's in line with earlier cuts from Fitch and S&P. Pompliano isn't the only one sounding the 'dollar debasement' alarm. During the 2025 Berkshire Hathaway Annual Meeting, Warren Buffett lamented the depreciating U.S. dollar and warned that investors would avoid holding assets in a currency losing value. On Capitol Hill, House Republicans are rallying around President Donald Trump's "Big Beautiful Bill," a tax-and-spending package that analysts say would widen the deficit by as much as $4.9 trillion over the next decade. Pompliano, whose venture fund holds sizable Bitcoin stakes, has long argued that scarce digital assets outperform in eras of fiscal excess. With yields surging and credit quality slipping, his latest salvo taps into a growing chorus, from Wall Street strategists to veteran hedge-fund managers, warning that Washington's spending path could crowd out investment and keep inflation sticky. Notably, Pompliano has recently launched a SPAC that targets the financial services sector. He took Pro Cap Acquisition (NASDAQ:PCAPU) public this week. The blank check company has raised $220 million. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Photo Courtesy: Digihelion on Send To MSN: Send to MSN This article Anthony Pompliano Says Dollar Debasement Will Skyrocket Asset Prices, Says 'It Is Now Clear There Is A Near Zero Percent Chance…' originally appeared on
Yahoo
04-05-2025
- Business
- Yahoo
CIA has 'another tool' against China
Michael Ellis, the deputy director of the Central Intelligence Agency (CIA), the foreign intelligence service of the U.S., said that "Bitcoin and other cryptocurrencies are another tool in the toolbox." But they are "also a target" Ellis made the remarks during an interview with popular crypto voice Anthony Pompliano on May 1. The CIA deputy director said the agency looks at Bitcoin just like "law enforcement," as it keeps striving to track illicit crypto payments by bad actors such as drug cartels, terrorist groups, etc. Ellis said there is tremendous potential for law enforcement and the intelligence community to use crypto to track what their adversaries are doing and disrupt them. In that sense, Bitcoin is actually very similar to other sorts of advanced technologies and the agency needs to prioritize this technology, he added. "Bitcoin is here to stay. Cryptocurrency is here to stay," Ellis said and highlighted how more and more institutions are adopting it, which he thinks is "a great trend." Ellis said that Bitcoin is another area of technological competition where they need to make sure the U.S. is very well positioned against China and other adversaries. When Pompliano wondered that people talk about crypto as a tool for "bad people" but it could also be a tool for "good people," Ellis responded that Bitcoin and other cryptocurrencies are "another tool." The agency can disrupt crypto usage by their adversaries and also use crypto to gather more intelligence, he added. "You sound like the in-house Bitcoiner," Pompliano remarked, referring to Ellis. With 198,012 BTC, the U.S. holds the most Bitcoin among all the countries, as per the Bitcoin Treasuries. As per Kraken's price feed, Bitcoin was trading at $96,541.46 at press time.
Int'l Business Times
02-05-2025
- Business
- Int'l Business Times
CIA Deputy Director Hints Agency Uses Bitcoin, Crypto As 'Tools' Against China, Other Adversaries
Ellis said the CIA has collaborated with law enforcement to try to track illicit crypto payments He also said Bitcoin and crypto have become 'another area of technological competition between the US and China He added that Bitcoin and other crypto are 'another tool in the toolbox' of the CIA Bitcoin and cryptocurrency have grown over the last decade from a niche segment into a global medium for various financial transactions and in what could be the most telling use case yet regarding the United States' embrace of crypto, a Central Intelligence Agency (CIA) top official hinted that the foreign intelligence agency also uses BTC and other crypto. CIA Deputy Director Michael Ellis said in a Thursday podcast with Professional Capital Management CEO Anthony Pompliano that the CIA uses Bitcoin and crypto as a "tool." Bitcoin's Transition from Criminal Use to Intelligence Tool In the podcast, Pompliano asked Ellis how the CIA views Bitcoin, given how American law enforcement appears to be "excited" about potentially using the world's largest crypto asset to track criminal activity. Ellis said the CIA sees the development "just as law enforcement" does, further explaining that people who first encountered BTC may have thought that the digital asset is a tool for anonymity. However, he noted that instead of being anonymous, Bitcoin "is pseudonymous," so it can still be tracked. He revealed that the CIA has worked with law enforcement to track "illicit crypto payments by bad actors." Ellis Says Bitcoin is a 'Competition' Field Ellis, who previously served as a senior national security official, is "another area of technological competition" where the U.S. obviously doesn't want to become a laggard in. He specifically noted that the White House under President Donald Trump needs to make sure the U.S. doesn't lag behind China and other adversaries in the technology field. For Ellis, cryptocurrency has "a lot of potential" to be utilized by law enforcement and intelligence teams to "track what our adversaries are doing and disrupt it." Pompliano agreed that Bitcoin and crypto have been criticized as tools for "bad people," but he said these emerging assets can also be tools for "good people." Ellis agreed, noting that the CIA uses technology as a tool, and that "Bitcoin and other cryptocurrencies are another tool in the toolbox" that the agency can deploy to disrupt its use by U.S. adversaries. Bitcoin Isn't Going Anywhere: Ellis While some politicians appear to still be wary of Bitcoin and crypto, citing risks around security, data privacy, national security, and more, Ellis believes recent trends around adoption solidify Bitcoin's place in the financial realm. "Bitcoin is here to stay. Cryptocurrency is here to stay. As you know, more and more institutions are adopting it, and I think that's a great trend," he said. His comments are backed by current developments not just in the United States but also around the world, including Panama City's recent move to push Panama's largest city toward leading the Bitcoin and Ethereum race. In the U.S., President Trump has also ordered the establishment of a strategic BTC reserve and a digital assets stockpile that could further encourage adoption across the country.
Yahoo
14-04-2025
- Business
- Yahoo
Bitcoiners First To Challenge U.S. Economic Data, Claiming Government Figures Are Inaccurate
Bitcoin supporters have long raised concerns about the accuracy of U.S. economic data, and recent events seem to validate their position. Prominent Bitcoin advocate Anthony Pompliano claimed that Bitcoiners were the first large group to recognize the flaws in U.S. economic reports, including inflation rates, GDP growth, and employment figures. According to Pompliano, Bitcoiners figured out how to financially benefit if their predictions about economic inaccuracies were correct. He believes that many in the finance community continue to rely on flawed government data. Pompliano highlighted a significant moment in March when U.S. Treasury Secretary Scott Bessent, in an appearance on the 'All-In' podcast, admitted that he did not trust the government's economic data. Pompliano argued that Bessent's admission further confirmed the widespread doubts about the reliability of official statistics. One of the key points Bitcoiners have challenged is the official inflation rate. While the government reports inflation at around 2.8%, many Americans feel the impact of rising prices, particularly for essentials like food, gas, and rent. Pompliano pointed to alternative measures of inflation, such as the Truflation index, which shows a much lower rate of 1.7%. He argues that the official data does not reflect the reality many people are experiencing. The concerns over economic data go beyond inflation, as Bitcoiners also question GDP growth figures and employment statistics, which they view as overly optimistic. A report by the American Statistical Association from 2024 warned about the decline in the accuracy of government statistics due to issues like reduced funding and political interference. This report emphasized the importance of maintaining reliable data for economic decision-making. Amid these concerns, Bitcoin has emerged as a hedge against traditional financial instability. Pompliano believes that as the value of the U.S. dollar continues to decline and national debt rises, Bitcoin offers a safer alternative. The cryptocurrency's fixed supply makes it less susceptible to inflation, unlike the dollar, which is impacted by government spending and debt accumulation. Pompliano also pointed to Bitcoin's performance during periods of economic uncertainty. On April 4, when the stock market faced heavy losses amid trade war concerns, Bitcoin's price surged above $84,000, showing its resilience. This has led many to view Bitcoin as a more reliable store of value during times of instability. Governments and institutions are beginning to take notice of Bitcoin's potential. Countries like El Salvador and Bhutan have started accumulating Bitcoin for their national reserves, while U.S. states like Florida and Pennsylvania are exploring Bitcoin-friendly legislation. As Bitcoin gains traction, Pompliano suggests that governments should begin adding it to their balance sheets to prepare for a future where Bitcoin plays a significant role in the global financial system. Sign in to access your portfolio
Yahoo
05-04-2025
- Business
- Yahoo
Anthony Pompliano Praises Trump's Tariffs As Catalyst For Crypto Innovation
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Founder & CEO of Professional Capital Management, has praised the new tariffs introduced by President Donald Trump on Wednesday, arguing that they highlight the inefficiencies of traditional financial systems and bolster the case for decentralized finance solutions like Bitcoin (CRYPTO: BTC). What Happened: Speaking on a podcast, Pompliano linked the tariffs to broader economic shifts, while the crypto market faced significant declines amid fears of a global trade war sparked by the new policy. Pompliano emphasized that the tariffs underscore the vulnerabilities of centralized banking systems, which he claims have been weaponized against businesses for political reasons. Don't Miss: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.26/share with a $1000 minimum. Hasbro, MGM, and Skechers trust this AI marketing firm — invest pre-IPO from $0.55 per share. He recounted the Trump family's experience with banks like Capital One, Chase, Bank of America and First Republic, which canceled their accounts during Donald Trump's presidency, a move he described as "political lawfare." This experience, shared by Eric Trump on the same broadcast, drove the family to embrace cryptocurrency. "I realized the power that these banks had, and I realized how they were exerting that power, and they were canceling businesses all over our country," Eric Trump said, explaining his shift toward crypto. The tariffs, unveiled by Trump in a White House Rose Garden ceremony, impose a "reciprocal tariff rate" set at 50% of what trading partners charge the U.S., targeting countries like Vietnam, Cambodia and Sri Lanka with the steepest increases, while sparing Canada and Mexico. Trump called the move "our Declaration of Economic Independence," stating, "April 2nd will forever be remembered as the day American industry was reborn." However, the announcement triggered a sharp decline in crypto markets on Wednesday, with Bitcoin plunging to $82,400 levels from its all-time high of $108,786. Major altcoins like Solana (CRYPTO: SOL), BNB (CRYPTO: BNB) and Dogecoin (CRYPTO: DOGE) also traded down 8-10% after the It Matters: Despite the market downturn, Pompliano sees the tariffs as a validation of crypto's potential to address systemic financial issues. He argued that blockchain technology offers a more efficient alternative to traditional banking, which he criticized for its outdated practices. "There's not a single thing that those banks do that can't be done better, cheaper, more efficiently, faster on blockchain," Pompliano stated, highlighting Bitcoin's role as a store of value and a hedge against real estate. The broader economic context also includes concerns about the rising costs of materials for AI data centers, as noted by Tory Green, CEO of a global GPU-power aggregator. Green dismissed concerns about rising costs for AI infrastructure caused by tariffs. Instead, he argued that the U.S. should prioritize tapping into idle computing resources rather than building new data centers. "We're significantly underutilizing the resources we already have," Green said. "The real problem isn't cost—it's inefficiency. We don't need more concrete; we need better connectivity." Green pointed to benchmarks showing that idle computers still consume up to 60% of the energy used by public cloud systems, and cited a recent MIT Technology Review report showing that 80% of China's AI data centers currently sit idle. Meanwhile, the Trump family has deepened its involvement in the crypto space, with Eric Trump and Donald Trump Jr. announcing their investment in a Bitcoin mining company, American Bitcoin, which aims to merge with Trumps American Data Centers to become the world's largest crypto miner and establish its own Bitcoin reserve. Eric Trump also highlighted the success of their venture, World Liberty Financial, which recently launched a stablecoin, reflecting their belief in crypto's transformative potential for the U.S. economy. Read Next: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share! Image: Shutterstock Send To MSN: Send to MSN This article Anthony Pompliano Praises Trump's Tariffs As Catalyst For Crypto Innovation originally appeared on
