Anthony Pompliano, founder and CEO of Professional Capital Management, believes that Bitcoin BTC/USD is poised for significant gains in the coming months, attributing its potential upward momentum to the recent shift in global monetary policy.

What Happened: “Bitcoin ends up being a big winner whenever we get kind of cheap money floating into the system,” he said during an interview with CNBC.

Pompliano, who will be a headline speaker at Benzinga’s Future of Digital Assets event on Nov. 19, pointed to the Federal Reserve’s recent 50 basis-point interest rate cut, suggesting it signals the beginning of a new cycle of liquidity expansion in the market.

Pompliano also highlighted Bitcoin’s sensitivity to global liquidity changes, referencing a recent study that found Bitcoin is the most responsive asset to fluctuations in global liquidity, even more so than the S&P 500 or other assets.

“83% of the time, Bitcoin moves with global liquidity,” Pompliano explained.

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As central banks worldwide ease their rate cycles, the anticipated influx of liquidity is expected to provide a tailwind for Bitcoin.

While it’s difficult to pinpoint the exact catalysts driving Bitcoin’s recent price action, Pompliano notes a mix of long-term holders and active traders currently influencing market dynamics.

“More than 50% of all Bitcoin is being held for over a year and not moving on-chain, which I think is probably the best signal,” he observed.

What‘s Next: Industry leaders like Anthony Pompliano and Jan Van Eck will speak on market trends at Benzinga’s Future of Digital Assets event on Nov. 19.

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