The Bitcoin price could be on the verge of a major surge as new discussions from market watchers warn that the next big print from policymakers is inevitable. They point to key catalysts, including geopolitical tensions, banking stress, and more, that could trigger this move. Once it unfolds, Bitcoin is projected to explode in value, driven by adoption from both institutions and retail investors. 

Why Experts Say A Big Print Is Coming

On March 29, LG Doucet, host at the crypto media company Milk Road, interviewed John Haar, managing director at Swan Private, on YouTube. During the discussion, Doucet asked Haar about the current market conditions that trigger another large-scale printing event.  

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Haar noted that there have been two major prints in most people’s adult lives, the most recent occurring during the COVID-19 pandemic. He explained that at the time, many people began adopting Bitcoin as a monetary and fiscal response to the global crisis, likely seeing the leading cryptocurrency as a hedge against inflation.

In the interview, Haar stated that “it’s only a matter of time before the next big print.” While he did not provide a specific date for when this could happen, the Swan Private managing director expressed confidence that a large-scale printing event is inevitable. 

Haar outlined nine catalysts that could trigger a potential big print. First, he pointed to a large-scale geopolitical war or military mobilization as a major factor. He emphasized, however, that the ongoing conflict between the US and Iran does not yet qualify as a big-print catalyst, unless the war escalates significantly.

Another key catalyst, according to Haar, is AI-driven labor displacements, which he believes could lead to the passage of a substantial new spending bill. He also highlighted the risk of state budget collapses or the need for federal or private credit bailout. Additionally, Haar warned of potential pension system insolvencies and regional banking sector crises, similar to those seen in 2023 following the collapse of major banks such as Silicon Valley Bank. 

Looking ahead, Haar also highlighted other big print catalysts such as a structural expansion of entitlements, including Social Security, Medicaid, Medicare, and student loan forgiveness. Finally, he noted that a major climate event or natural disaster could trigger a big print. Haar emphasized that any of these scenarios, or a combination of them, could occur within the next 3 to 24 months.  

How This Affects The Bitcoin Price

During the interview, Doucet asked how large-scale adoption could affect cryptocurrencies, specifically Bitcoin. Haar noted that during such events, adoption of Bitcoin rises as investors tend to allocate more to the cryptocurrency than to other asset classes. He noted that asset classes like real estate are slow to sell and are not easily traded, while private equity is harder to access.

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For his long-term projection, Haar forecasts that Bitcoin could hit $1 million per coin between 2030 and 2035 regardless of a big print. He also noted that, over the next few years, institutional adoption of Bitcoin will be gradual but steady, likely driving its valuation upward.

Featured image from Pixabay, chart from Tradingview.com

Bitcoin advocate Anthony Pompliano has called for the United States to allocate $250 billion for a Bitcoin Strategic Reserve. He proposed printing this amount and using it entirely to purchase Bitcoin as a financial safeguard against the devaluation of the dollar. This announcement comes as Bitcoin recently surged to an all-time high of over $94,000.

Anthony Pompliano Urges US to Print $250B for Bitcoin Reserve

Anthony Pompliano has outlined his vision for the United States to take a leading role in adopting Bitcoin as a national financial asset. He suggested that $250 billion be printed and directly invested in Bitcoin, which he referred to as a “technology product built to protect against currency debasement.” 

According to him, Bitcoin’s limited supply of 21 million coins makes it a powerful hedge against inflation. The Bitcoin advocate had also recently opined that Donald Trump needed to create the Bitcoin reserve seeing as other countries like El Salvador and Bhutan are warming up to it. 

In his recent statement, Pompliano highlighted the growing interest among corporations in holding Bitcoin on their balance sheets. He cited MicroStrategy’s performance in 2024 as an example of how Bitcoin ownership could benefit entities facing currency devaluation. He argued that nation-states should follow suit, emphasizing that early adoption would allow the U.S. to secure a substantial share of the finite digital currency.

Potential Impact of a $250 Billion Bitcoin Purchase

Bitcoin advocate Anthony Pompliano estimated that allocating $250 billion to Bitcoin could enable the United States to acquire approximately 1.6 million BTC, assuming an average purchase price of $150,000 per Bitcoin. Combined with the reported 200,000 BTC already in U.S. possession, this move would make the United States the largest Bitcoin holder globally, with a reserve of 1.8 million BTC.

The call for action comes amid increasing discussions among policymakers and financial leaders about Bitcoin’s role in national reserves. Senator Cynthia Lummis has already proposed the creation of a Bitcoin Strategic Reserve, while President-elect Donald Trump has expressed support for starting with existing government-owned Bitcoin. 

Prominent figures, including Robert F. Kennedy Jr., have also endorsed daily Bitcoin purchases as part of broader financial strategies alongside MicroStrategy Chairman Michael Saylor.

Mixed Reactions from VanEck and BlackRock

While the idea of a Bitcoin Strategic Reserve has garnered support from some quarters, it has also faced skepticism. Sources close to BlackRock, one of the world’s largest asset managers, told Fox Business that the firm does not currently endorse the concept. 

Meanwhile, VanEck, another major financial institution, has publicly backed the idea, signaling growing institutional interest in Bitcoin.

FOR IMMEDIATE RELEASE:

VanEck Endorses Strategic Bitcoin Reserve.

No need for ‘sources’—we’ll just tell you ourselves. https://t.co/ZO28dqiBqC

— matthew sigel, recovering CFA (@matthew_sigel) November 19, 2024

Pompliano’s proposal also aligns with global trends as other nations explore similar strategies. In Poland, presidential candidate Slawomir Mentzen has advocated for a Bitcoin reserve, citing Bitcoin’s growing value and adoption as reasons to integrate it into national policy. These discussions are taking place against the backdrop of Bitcoin’s price rise tally to an ATH above $94,000, which has attracted increased attention from investors and policymakers worldwide.

Subsequently, Bitcoin advocate Anthony Pompliano has framed Bitcoin as a tool to address the challenges of dollar devaluation and rising national debt. He argued that the U.S. must act quickly to secure a dominant position in Bitcoin ownership before other nations do.

“This is the type of action that would cost us very little financially but could have a profound impact on our financial health in the future,” Pompliano stated.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.