BoA Warns of $1.6 Trillion Interest Bill as Pompliano Touts Bitcoin for Inflation Hedge
• Bank of America predicts US government will pay $1.6 trillion annually in interest by December if Fed doesn't cut rates. This could mean higher inflation.
• Anthony Pompliano tweeted this prediction, hinting Bitcoin could be an inflation hedge or new US money standard if dollar fails.
• In CNBC interview, Pompliano said people see Bitcoin differently - as an investment or inflation hedge/store of value.
• Pompliano gave examples of countries using Bitcoin and stablecoins differently - Argentina leveraging stablecoins, Nigeria stacking sats.
• Pompliano noted Bitcoin recently hit major milestones and highest weekly/monthly/quarterly closes right before halving, which previously led to 300%+ gains.