Anthony Pompiliano believes that over the next 10–15 years, the US will probably have some BTC on its balance sheet

The Federal Reserve kept its key rate in the range of 5.25–5.5% per annum. The decision coincided with market expectations.

At the same time, the head of the agency Jerome Powell admitted a rate cut as early as next month. According to him, the economy is currently “approaching” the phase when a rate cut is relevant.

“We will depend on the data for that, but not the data point,” the official said.

Rumors of plans to cut the interest rate emerged this summer. But the Fed decided to postpone a decision until its next meeting.

Now central banks are closely watching for signs of labor market decline. At the same time, Powell stresses, “the overall body of data suggests that the labor market is normalizing” and the Fed is “watching closely to make sure that continues.”

Anthony Pompliano, founder of Pomp Investments, revealed in a recent interview that the U.S. government will likely continue to hold reserves in bitcoins. According to the entrepreneur, the U.S. government owns about 210,000 BTC.

“Over the next 10 to 15 years, the U.S. will probably have some amount of bitcoins on its balance sheet or in some sort of strategic reserve,” Pompliano said.

He also revealed that he views BTC not only as a long-term investment, but also as the foundation of his children and grandchildren’s wealth. The entrepreneur noted that in anticipation of the American presidential election in the fall and the increase in the national debt, many of the political and financial elite began to adhere to a similar point of view.

What do you think about it?