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Bitcoin will become \u201cmore valuable than ever\u201d after deflation stops covering \u201cup the impact” on the US dollar, according to Bitcoin entrepreneur Anthony Pompliano.<\/p>\n
Bitcoin investors are being forced to rethink why they hold the asset as inflation data cools, according to Bitcoin entrepreneur Anthony Pompliano.<\/p>\n
\u201cI think the challenge for Bitcoin investors, can you hold an asset when there is not high inflation in your face on a day-to-day basis?\u201d Pompliano said<\/a> during an interview with Fox Business on Thursday. \u201cCan you still believe in what Bitcoin\u2019s value proposition is, which is that it\u2019s a finite-supply asset. If they print money, Bitcoin is going higher,\u201d he said.<\/p>\n \u201cBitcoin and gold are great long-term things,\u201d he said. The Consumer Price Index (CPI) fell<\/a> to 2.4% in January from 2.7% in December, according to the Bureau of Labor Statistics. However, Mark Zandi, Moody\u2019s chief economist, recently told<\/a> CNBC that inflation \u201clooks better on paper than in reality.\u201d<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n