Anthony Pompliano calls for Bitcoin to reach $1 million: BTC has no top because the dollar has no bottom

Bitcoin's recent weakness is just the calm before the storm? Forbes today (29th) issued a warning that the U.S. government's relentless money printing machine is about to trigger a fiat currency disaster. Renowned investor Anthony Pompliano asserts that because "the dollar has no bottom, Bitcoin has no top," and with expectations that the government will print astronomical amounts of currency, Bitcoin will eventually soar to $1 million. As U.S. national debt surpasses $39 trillion and Elon Musk exits the White House over fiscal deficits, Wall Street giants are accelerating their capital shift into Bitcoin to hedge against the dollar collapse.
(Background: Bitcoin ETF records "9 consecutive days of net outflows" losing $2.8 billion! Funds switch to AI semiconductors, analysts: bottom is near?)
(Additional context: CryptoQuant warns of a bear market: Bitcoin holdings structure is disintegrating, whales are pulling back, buyers are significantly reducing their positions)

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• Pompliano: No bottom for the dollar, no top for Bitcoin
• Musk exits White House, exposing America's fiscal out-of-control black hole
• Wall Street giants jointly warn: "Devaluation trades" shifting to Bitcoin

Bitcoin's performance over the past year seems to have tested some investors' patience, but from a macroeconomic perspective, an epic wealth transfer may just be beginning.

According to a recent article published today (May 29, 2026) by Forbes columnist Billy Bambrough, although Bitcoin failed to keep pace with the recent surge in tech stocks, dropping nearly 30% from its historic high of about $126k last October, even sparking bearish comments from billionaires like Mark Cuban, the core force driving Bitcoin's long-term value—the "dollar devaluation"—is deteriorating at an astonishing rate.

Pompliano: No bottom for the dollar, no top for Bitcoin

ProCap Financial CEO and well-known Bitcoin believer Anthony Pompliano issued a strong warning about the U.S. fiscal situation in an interview with CNBC. He bluntly stated that we are in a new era after the global financial crisis, and governments have no choice but to "print astronomical amounts of money." Pompliano emphasized:

"Will the U.S. government stop printing money? I don't think they will. Bitcoin will definitely make a strong comeback... Bitcoin has no cap because the dollar has no bottom."

He predicts that in an environment of continuous fiat devaluation, non-productive assets like gold and Bitcoin will outperform traditional stocks by a wide margin. Just as gold has long outperformed the S&P 500 index, Pompliano boldly asserts that Bitcoin's ultimate target will reach $126k.

Musk exits White House, exposing America's fiscal out-of-control black hole

Supporting Pompliano's million-dollar forecast is the increasingly out-of-control debt and monetary data of the U.S. Forbes highlighted several alarming macro indicators:

| U.S. Macro Economic Indicators (as of May 2026) | | --- | | Data Status and Impact | | --- | --- | | U.S. National Debt (US Debt) | | Surged to nearly $39 trillion | | M2 Money Supply | | Reached a record high, approaching $22.7 trillion | | Federal Reserve Balance Sheet | | Grew to about $6.3 trillion |

More indicative is the political turmoil. Although the Trump administration previously attempted to control spending through establishing the "Government Efficiency Department (DOGE)," it was ineffective. Tech maverick Elon Musk, last year, was even more dissatisfied with Trump’s potential to inflate the fiscal deficit to $2.5 trillion through tax and spending bills, and withdrew from the White House team, sending a clear signal of America's fiscal discipline breakdown to the market.

Wall Street giants jointly warn: "Devaluation trades" shifting to Bitcoin

This distrust in fiat currency is spreading among the top echelons of Wall Street. Bridgewater founder and billionaire Ray Dalio recently issued a stern warning that the dollar is on the brink of collapse, and future financial crises will severely limit government spending capacity, making holding fiat ineffective for preserving value.

Meanwhile, JPMorgan analysts have observed that the "debasement trade" on Wall Street is undergoing a paradigm shift. As geopolitical tensions in the Middle East (such as Iran conflicts) escalate, the safe-haven asset of choice—gold—is gradually being replaced by what is called "digital gold"—Bitcoin. Data shows that net inflows into Bitcoin ETFs have already begun to surpass those into gold ETFs.

As Forbes concludes, despite Bitcoin facing short-term capital outflows due to the AI investment boom and profit-taking sell-offs, as long as the "money printing machine" keeps running, Bitcoin’s role as the ultimate store of value will shine, leading it toward a new era of $1 million.