<body><div> Anthony Pompliano , founder and CEO of Professional Capital Management , believes that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd?utm_campaign=partner_feed&amp;utm_source=Newsbreak.com&amp;utm_medium=partner_feed&amp;utm_content=site" rel="nofollow"> BTC </a> ) is poised for significant gains in the coming months, attributing its potential upward momentum to the recent shift in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41003608/feds-rate-cut-maintain-a-soft-landing-trajectory-for-us-economy-says-goldman-sachs?utm_campaign=partner_feed&amp;utm_source=Newsbreak.com&amp;utm_medium=partner_feed&amp;utm_content=site" rel="nofollow"> global monetary policy </a> . What Happened: “Bitcoin ends up being a big winner whenever we get kind of cheap money floating into the system,” he <a href="https://www.cnbc.com/video/2024/09/25/bitcoin-should-be-a-big-winner-for-the-next-couple-of-months-says-anthony-pompliano.html?utm_campaign=partner_feed&amp;utm_source=Newsbreak.com&amp;utm_medium=partner_feed&amp;utm_content=site" rel="nofollow"> said </a> during an interview with CNBC. Pompliano, who will be a headline speaker at Benzinga’s <a href="https://www.benzinga.com/events/digital-assets/agenda/?utm_campaign=partner_feed&amp;utm_source=Newsbreak.com&amp;utm_medium=partner_feed&amp;utm_content=site" rel="nofollow"> Future of Digital Assets </a> event on Nov. 19, pointed to the Federal Reserve’s recent <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40926729/bitcoin-spikes-above-61-000-as-fed-implements-50-bps-rate-cut?utm_campaign=partner_feed&amp;utm_source=Newsbreak.com&amp;utm_medium=partner_feed&amp;utm_content=site" rel="nofollow"> 50 basis-point interest rate cut </a> , suggesting it signals the beginning of a new cycle of liquidity expansion in the market. Pompliano also highlighted Bitcoin’s sensitivity to global liquidity changes, referencing <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41030248/bitcoin-as-global-liquidity-barometer-this-relationship-holds-83-of-the-time-over-12-month#:~:text=Bitcoin%20As%20Liquidity%20Indicator&amp;text=Unlike%20gold%20or%20bonds%2C%20Bitcoin,during%20periods%20of%20extreme%20valuation.?utm_campaign=partner_feed&amp;utm_source=Newsbreak.com&amp;utm_medium=partner_feed&amp;utm_content=site" rel="nofollow"> a recent study </a> that found Bitcoin is the most responsive asset to fluctuations in global liquidity, even more so than the S&amp;P 500 or other assets. <nbtemplate data-id="AdPlaceholder" data-content="JTdCJTdE"></nbtemplate> “83% of the time, Bitcoin moves with global liquidity,” Pompliano explained. <figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/%20?utm_campaign=partner_feed&amp;utm_source=Newsbreak.com&amp;utm_medium=partner_feed&amp;utm_content=site" rel="nofollow"></a></figure> Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41033196/drake-related-meme-coin-wynn-from-85m-market-cap-to-1-5m-the-dogecoin-and-shiba-inu-dreams?utm_campaign=partner_feed&amp;utm_source=Newsbreak.com&amp;utm_medium=partner_feed&amp;utm_content=site" rel="nofollow"> Drake-Related Meme Coin WYNN: From $85M Market Cap To $1.5M—The Dogecoin And Shiba Inu Dreams Are Over </a> As central banks worldwide ease their rate cycles, the anticipated influx of liquidity is expected to provide a tailwind for Bitcoin. While it’s difficult to pinpoint the exact catalysts driving Bitcoin’s recent price action, Pompliano notes a mix of long-term holders and active traders currently influencing market dynamics. <nbtemplate data-id="AdPlaceholder" data-content="JTdCJTdE"></nbtemplate> “More than 50% of all Bitcoin is being held for over a year and not moving on-chain, which I think is probably the best signal,” he observed. What ‘ s Next : Industry leaders like Anthony Pompliano and Jan Van Eck will speak on market trends at Benzinga’s <a href="https://www.benzinga.com/events/digital-assets/agenda/?utm_campaign=partner_feed&amp;utm_source=Newsbreak.com&amp;utm_medium=partner_feed&amp;utm_content=site" rel="nofollow"> Future of Digital Assets </a> event on Nov. 19. Read Next: <ul><li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41032465/mark-cuban-is-one-of-kamala-harris-most-effective-surrogates-says-former-sc-house-rep-baka?utm_campaign=partner_feed&amp;utm_source=Newsbreak.com&amp;utm_medium=partner_feed&amp;utm_content=site" rel="nofollow"> Mark Cuban Is ‘One Of Kamala Harris’ Most Effective Surrogates,’ Says Former SC House Rep Bakari Sellers — And He’s Got A Crypto History </a></li></ul> Image: Shutterstock This article <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41044977/anthony-pompliano-says-bitcoin-set-to-be-a-big-winner-in-coming-months-due-to-cheap-money-?utm_campaign=partner_feed&amp;utm_source=Newsbreak.com&amp;utm_medium=partner_feed&amp;utm_content=site" rel="nofollow"> Anthony Pompliano Says Bitcoin Set To Be 'A Big Winner' In Coming Months Due To 'Cheap Money Floating Into The System' </a> originally appeared on <a href="https://www.benzinga.com?utm_campaign=partner_feed&amp;utm_source=Newsbreak.com&amp;utm_medium=partner_feed&amp;utm_content=site" rel="nofollow"> Benzinga.com </a> . <nbtemplate data-id="AdPlaceholder" data-content="JTdCJTdE"></nbtemplate> © 2024 Benzinga.com. 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Anthony Pompliano, founder and CEO of Professional Capital Management, believes that Bitcoin (CRYPTO: BTC) is poised for significant gains in the coming months, attributing its potential upward momentum to the recent shift in global monetary policy.
What Happened: “Bitcoin ends up being a big winner whenever we get kind of cheap money floating into the system,” he said during an interview with CNBC.
Pompliano, who will be a headline speaker at Benzinga’s Future of Digital Assets event on Nov. 19, pointed to the Federal Reserve’s recent 50 basis-point interest rate cut, suggesting it signals the beginning of a new cycle of liquidity...