{"id":140444,"date":"2024-10-24T13:30:58","date_gmt":"2024-10-24T10:30:58","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140444"},"modified":"2024-10-24T03:00:06","modified_gmt":"2024-10-24T00:00:06","slug":"could-banning-bitcoin-ignite-a-70k-rally-insights-from-anthony-pompliano","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/could-banning-bitcoin-ignite-a-70k-rally-insights-from-anthony-pompliano\/","title":{"rendered":"Could Banning Bitcoin Ignite a $70K Rally? Insights from Anthony Pompliano"},"content":{"rendered":"<p>He <strong><a href=\"https:\/\/x.com\/APompliano\/status\/1849099672641491020?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1849099672641491020%7Ctwgr%5Ebc0fe6dc0e15de101f698f57b95518b034bcf9ee%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoingape.com%2Fanthony-pompliano-says-government-bans-cant-stop-bitcoin-heres-why%2F\" target=\"_blank\" rel=\"nofollow\">argued<\/a> <\/strong>that strict regulations from a hostile political leader could actually boost <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>adoption, as seen in countries like Pakistan, Nigeria, and China, where crackdowns have led to increased public interest.<\/p>\n<p>Pompliano noted that attempts to restrict Bitcoin often backfire. He stated, \u201cA hardline stance against Bitcoin might raise its price,\u201d highlighting how bans can drive demand. He also suggested that Kamala Harris and Donald Trump have similar views on cryptocurrency regulation, countering the notion that Harris is more anti-Bitcoin.<\/p>\n<p>Emphasizing Bitcoin\u2019s decentralized nature, Pompliano claimed that no government can truly diminish its value. He argued that a U.S. ban would harm users more than Bitcoin itself, thanks to its resilient structure.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/vitalik-buterin-slams-michael-saylors-push-for-institutional-bitcoin-custody\/\" title=\"Vitalik Buterin Slams Michael Saylor&#8217;s Push for Institutional Bitcoin Custody\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/vitalik-buterin-on-blockchain-and-monopolies-e1706787759178-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Vitalik Buterin Slams Michael Saylor&#8217;s Push for Institutional Bitcoin Custody<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Pompliano predicted that as Bitcoin gains mainstream adoption, its volatility will decrease, allowing it to outperform traditional assets like the S&amp;P 500. He criticized Goldman Sachs\u2019 forecast of a mere 3% annual return for the S&amp;P and dismissed bonds as poor investments, especially in inflationary times.<\/p>\n<p>He noted that Bitcoin\u2019s price movements are influenced by broader economic cycles rather than just regulatory changes. Although he expects significant price increases, he cautioned investors to temper their expectations for explosive returns, as Bitcoin matures and stabilizes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a recent podcast, Anthony Pompliano, co-founder of Morgan Creek Digital, discussed Bitcoin&#8217;s potential to hit $70,000.<\/p>\n","protected":false},"author":3,"featured_media":104038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-140444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Could Banning Bitcoin Ignite a $70K Rally? 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