Anthony Pompliano, co-founder of the asset management company Morgan Creek Digital, said that in the future all the central banks of the world will buy bitcoin to hedge the risks of the US dollar.
According to the publication of The Financial Times, against the background of the global trade conflict, the world’s central banks have diversified their reserves and spent $15.7 billion on gold purchases in the first half of this year. Thus, during the specified period, central banks provided almost one-sixth of the demand for this precious metal.
At the same time, according to the forecast of the World Gold Council, central banks will continue to buy gold if the growth of geopolitical uncertainty increases. However, Anthony Pompliano suggested that banks turn their attention to digital assets.
“As soon as banks pay attention to the uncorrelated, asymmetrically upward trend of bitcoin, everyone will want to have this asset in their portfolio,” he is sure.
Earlier, talking with a well-known supporter of investing in gold and an ardent opponent of cryptocurrencies, Peter Schiff, Pompliano said that both bitcoin and other cryptocurrencies, as well as traditional financial assets, can be held in the investment portfolio at the same time.
Last month, Pompliano expressed the opinion that the policy of the European Central Bank could become a “rocket fuel” for bitcoin.
“The ECB is going to lower interest rates and start printing money at the same time when the cryptocurrency industry will be halving the reward for bitcoin mining. Fasten your seat belts – it will be crazy, ” he wrote at the time