BlockBeats News, May 29th, according to Forbes, cryptocurrency entrepreneur and CEO of Bitcoin treasury company ProCap, Anthony Pompliano, said that the US government will not stop printing money, and the continuous devaluation of the dollar may eventually drive the price of Bitcoin to $1 million. Pompliano stated on CNBC: "Bitcoin has no top because the US dollar has no bottom." He believes that US government spending continues to expand, and even though the Trump administration has attempted to cut fiscal spending, the US debt is still close to $40 trillion.

Data shows that the Federal Reserve's balance sheet has expanded to around $6.3 trillion in the past year, and the M2 money supply has risen to a record high of around $22.7 trillion. Pompliano stated that in the context of ongoing government money printing, non-productive assets such as gold and Bitcoin continue to outperform the stock market. However, regarding when Bitcoin will reach $1 million, Pompliano said: "Predicting the price is easy, predicting the timing is hard."