While the cryptocurrency’s move downhill prompted many analysts, including Luno exchange’s Vijay Nayyar and Kinetic Capital’s Jehan Chu, to predict a further depressive move below $25,000, Anthony Pompliano offered a contrasting bullish outlook.
The Morgan Creek Digital Assets founder pitted risk-on markets against the fears of the fast-spreading Delta variant of the Covid-19. He noted that governments, on the whole, would introduce “more aggressive monetary stimulus” programs should the new coronavirus strain spread at the scale of its alpha version.
“History is not necessarily an indicator of the future, but it is hard to imagine a scenario where if we had a second wave of lockdowns, we wouldn’t also get more aggressive monetary stimulus efforts,” Pompliano wrote.
“If that occurred, we would likely see all assets continue to go higher and higher.”
In saying so, Pompliano envisioned that the road to more dollar liquidity