Anthony Pompliano Believes BTC Prices Are Skyrocketing as a Bluff to Politicians Who Are Increasing the U.S. National Debt

Bitcoin and cryptocurrencies, in general, have witnessed meteoric growth since President-elect Donald Trump won the November 5 elections.

Fox Business’ Eleanor Terrett reported that Anthony Pompliano believes BTC prices are skyrocketing as a bluff to politicians who are increasing the U.S. national debt.

According to Pompliano, Trump will keep his promises to the crypto community. More importantly, the crypto entrepreneur believed that the incoming president would ensure that BTC was the country’s strategic reserve currency.

Many Americans still expect Trump to increase the national debt

3/10 A non-partisan analysis from the Committee for a Responsible Federal Budget shows that Trump's campaign proposals could raise the US national debt by $7.5 trillion, twice the $3.5 trillion increase expected from Kamala Harris's plans. pic.twitter.com/Uod99m0z6S

Several polls have suggested that most Americans expect President-elect Donald Trump to increase the national debt during his term. However, most Republicans do not share the sentiment. Some still believe that the incoming president’s fiscal policies would tank the U.S. economy.

One X account, Republicans against Trump, shared a chart showing the low, moderate, and high expected debt increment from President-elect Donald Trump and former Vice President Kamala Harris. The chart was based on findings by the Committee for a Responsible Federal Budget, published on October 28.

The post revealed that Harris could have accumulated $0.30 trillion, $3.95 trillion, and $8.30 trillion in debt on the low, medium, and high end, respectively. On the other hand, Trump is likely to increase the national debt by $1.65 trillion, $7.75 trillion, and $15.55 trillion on the low, medium, and high end, respectively.

A Reuters poll also revealed similar sentiments: 62% of the respondents, including 34% of Republicans and 94% of Democrats, believe that Trump’s policies would drive the country into more debt.