Anthony Pompliano, chairman of ProCap Financial, forecasts a strong recovery for bitcoin as the Federal Reserve prints money to combat deflation. He describes this as a 'monetary slingshot' that will devalue the currency and boost bitcoin's value in the long term. Despite recent price drops, Pompliano urges investors to hold firm through the current economic pressures.
Anthony Pompliano shared his outlook on bitcoin during an appearance on FOX Business, emphasizing its resilience against shifting economic conditions. Bitcoin has declined 50% from its all-time high of $126,000 to around $70,000, as deflation has overtaken inflation as the main concern. This drop tests the commitment of long-term holders, according to Pompliano.
He explained that deflation masks the effects of currency debasement, but once the economy moves past it, the benefits for bitcoin will emerge. 'We’re going to print a bunch of money to try to deal with deflation. And all of a sudden, as we come out of that thing, now we’re going to see that the currency has been devalued and Bitcoin becomes more valuable than ever,' Pompliano stated. He added, 'If they print money, Bitcoin is going higher over the long run.'
The current deflationary environment stems from falling prices in key areas, including rent, which has decreased for 32 consecutive months, along with trends in food and gas. Broader forces like tariffs, artificial intelligence, and robotics are accelerating this pressure by displacing jobs and lowering costs.
Earlier, in summer 2025, bitcoin rallied amid fears of tariff-driven inflation, but it cooled as deflation became the dominant narrative. Google searches for currency debasement surged last month, driving interest in gold and silver, though bitcoin did not join the upswing. Pompliano noted, 'People were talking about, is inflation coming because of the tariffs? As soon as all of a sudden we realized it’s not coming. Well, do you need to put a ton of your money into Bitcoin if deflation is the bigger risk?'
Gold has led gains through central bank purchases, while foreign central banks are shifting from fiat currencies but not yet ready to invest in bitcoin. Pompliano stressed bitcoin's core appeal as a finite supply asset, asking, 'Can you hold an asset when there is not high inflation in your face on a day to day basis?' He encouraged investors: those who valued bitcoin at $126,000 should appreciate it even more at $70,000.
