Bitcoin’s Rally Today Just Confirmed Everything | Anthony & John Pompliano

**John Pompliano** (0:00)
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**Anthony Pompliano** (0:56)
Bitcoin does not need a narrative. I think that is probably one of my biggest takeaways over the last decade or so, is Bitcoin just needs to continue to produce block after block after block of transactions, and they just need the government to be dumb and keep printing money. As long as the government keeps printing money, Bitcoin will go up. What's going on, guys? Today, we've got a great conversation with John Pompliano. He interviews me and he's got some big hard-hitting questions. In this conversation, we talk about artificial intelligence stocks. What's going on with Bitcoin? Why is the price so stable? Then we even talk about what I'm excited about through the end of the year, how I'm thinking about the government printing so much money, and much, much more in this conversation. So here's my latest conversation with John Pompliano.
Let's go, John. Let's hit it.

**John Pompliano** (1:33)
Let's hit it. What's going on with Bitcoin? 64,000, Wall Street's bullish.

**Anthony Pompliano** (1:37)
Bitcoin's stable. I mean, that's what people want, right? They want a stable store of value. So why is everyone so upset?

**John Pompliano** (1:42)
Because that's 64,000.

**Anthony Pompliano** (1:44)
It came down 50%.
But yeah, it's just chilling right in the mid-60s. Look, I think that most people are trying to figure out why is Bitcoin not going up or why it's not going down more. Remember, there's a lot of folks who are predicting Bitcoin is going to draw down 85% in the bear market like it's done in the past. But to me, I actually think that Bitcoin's kind of hanging out around where you would have expected. One of the best things I ever heard anyone say going into this bear market was Matthew Siegel over at VanEck. He said, if volatility has fallen 50%, then the price of Bitcoin should probably draw down about 50% of what the normal drawdowns are. And that's where we kind of ended up, you know, ballpark. And so I know everyone wants it to go back up, but what has changed about the story of Bitcoin from six months ago to today? Not much, right? The Clarity Act, which everyone is all worried about, right? That's not clear or past.
There really hasn't been a change in terms of net new buyers coming into the market. If you go and you look at the macroeconomic environment, not much there has changed either. I mean, there was slight uptick in inflation. It came back down. Then you go and you look at they're still printing money. They were printing money before. They're still printing money now.
And so it comes back to like, there has to be some sort of catalyst. Now, the good thing for Bitcoin is that there's always going to be a catalyst within four years because you've got the halving. And so you'll get kind of this supply shock where you will cut the number of Bitcoin coming into the overarching supply by 50%. Okay, that's good. But is there some sort of environment type catalyst? Right now, there's not a lot of people who see any sort of catalyst that's coming. And I understand that people are, you know, antsy, but just chill. Bitcoin has a sense of doing what Bitcoin does. It'll go up over a very long period of time. The future return of Bitcoin, I think is going to be much lower than people have previously experienced. So I don't think it's going to compound at 60, 70% year over year for a decade. I think that it's probably 20 to 30%.
And so there's a lot of people saying to themselves, okay, hold on a second, AI is hot. And I'm making a lot of money over there. So let me move capital, let me chase returns. Then you got a lot of companies that are saying, okay, I could go buy Bitcoin or I could just grow my business more than 30% every year.