Anthony Pompliano expects Bitcoin to keep appreciating over the long term if governments continue expanding the money supply. According to the founder of Professional Capital Management, the cap of roughly 21 million bitcoins could make the cryptocurrency more attractive as traditional currencies lose purchasing power. Bitcoin recently fell briefly below $74,000 on November 8, but Pompliano views the correction as temporary. Expanding global liquidity does not guarantee an immediate price increase, however, as Bitcoin remains dependent on demand, interest rates and global financial conditions.
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