[Anthony Pompliano: Continuous Depreciation of the US Dollar Could Push Bitcoin to $1 Million] BlockBeats News, May 29, according to Forbes, cryptocurrency entrepreneur and ProCap CEO Anthony Pompliano stated that the U.S. government will not stop printing money, and the continuous depreciation of the US dollar could eventually push Bitcoin's price to $1 million. Pompliano said on a CNBC program: 'Bitcoin has no top because the dollar has no bottom.' He believes that U.S. government spending continues to expand, and even though the Trump administration attempted to cut fiscal expenditures, U.S. debt is still nearing $40 trillion. Data shows that over the past year, the Federal Reserve's balance sheet has expanded to approximately $6.3 trillion, and the M2 money supply has risen to a historic high of about $22.7 trillion. Pompliano noted that in the context of continuous money printing by the government, non-productive assets like gold and Bitcoin are consistently outperforming the stock market. However, when asked about when Bitcoin might reach $1 million, Pompliano said: 'It's easy to predict the price, but it's hard to predict the timing.' [Original Link]