What’s behind the Bitcoin rally? Expert weighs in

DIGITAL ASSETS NEXT MONTH, ASHLEY, THE CLARITY ACT. ASHLEY: VERY GOOD, LAUREN. THANK YOU. TAKE A LOOK AT BITCOIN, BRIEFLY CROSSED $80,000 EARLIER TODAY AND IT'S NOW UP 186. IT'S 79,066 DOLLARS. PRO CAP FINANCIAL CHAIRMAN AND CEO ANTHONY POMPLIANO JOINS ME NOW. WHAT'S BEHIND THE RALLY? IT'S PICKED UP IN THE LAST, WELL, BITCOIN UP 28% IN EIGHT DAYS. >> THERE'S A SHORT-TERM CATALYST AND THE LONG-TERM CATALYST. THE SHORT-TERM IS THAT THE TREASURY HINTS THEY'RE GOING TO STEP IN AND DOUBLE THEIR PURCHASES OF LONG DATED YIELDS AND TREASURIES AND IT'S A REMINDER, THE U.S. GOVERNMENT IS NEVER EVER EVER GOING TO STOP PRINTING MONEY. AS LONG AS THEY PRINT MONEY BITCOIN IS GOING UP OVER THE LONG RUN. AND THERE'S A SAYING BITCOIN HAS NO TOP BECAUSE THE DOLLAR HAS NO BOTTOM. I THINK PEOPLE HAVE BEEN REMINDED OF THAT. A BIGGER LONG-TERM TREND AT PLAY HERE, A.I. IS CREATING AN AGE OF ABUNDANCE. WE'RE GOING TO GET ABUNDANCE OF INTELLIGENCE. THIS IS AN ABUNDANCE OF DOLLARS, YOU WANT SCARCITY AND BITCOIN IS ONE OF THE MOST SCARCE ASSETS IN THE WORLD AND I THINK THE CONVERGENCE OF A.I. AND BITCOIN MAY SEEM LIKE TWO DIFFERENT TECHNOLOGIES, AS A.I. IS MUCH MORE POPULAR YOU'LL SEE BITCOIN BECOME MUCH MORE VALUABLE. ASHLEY: AS YOU LOOK IN YOUR CRYSTAL BALL. HOW HIGH DO YOU THINK IT COULD BE BY THE END OF THIS YEAR, 2026? >> I HAVE NO CLUE HOW HIGH BITCOIN IS GOING TO GO. I KNOW OVER MY LIFETIME IT'S GOING SIGNIFICANTLY HIGHER AND I THINK THAT PEOPLE WHO CONTINUE TO DOLLAR COST AVERAGE INTO BITCOIN AND HAND IT TO THEIR GRANDKIDS ONE DAY WILL HAVE VERY, VERY HAPPY GRANDKIDS. AND AFCI AND PEOPLE COME IN AND CONNECT THE ACCOUNTS WE CAN SEE ON A BASIS 10% OR SO OF ASSETS ARE SITTING INSIDE OF BITCOIN AND CRYPTOCURRENCIES AND WE'VE CROSSED OVER $60 BILLION THRESHOLD ON THAT PLATFORM. WHEN YOU SEE THE SELF-DIRECTED INVESTORS PUTTING JUST ABOUT DOUBLE DIGIT PERCENTAGE OF ASSETS INTO BITCOIN AND CRYPTOCURRENCY, IT TELLS ME THEY HAVE A LONG TIME HORIZON, THINKING OF THIS AS A REAL ASSET IN THEIR PORTFOLIOS. IF THEY'RE DOING THAT TODAY AND THEY CONTINUE TO DOLLAR COST AVERAGE, THAT CONSISTENT BUYING PRESSURE WITH THE BACK DROP OF THE MONEY PRINTING I THINK WILL SEND THIS SIGNIFICANTLY HIGHER IN THE COMING YEARS. ASHLEY: VERY GOOD. NEXT ONE FOR YOU, ANTHONY, FED CHAIR KEVIN WARSH WILL BE SPEAKING AT JACKSON HOLE. WHAT DO YOU THINK HE WILL HAVE TO SAY AND NOT SAY. >> KEVIN WARSH SAID I'M NOT GOING TO TELL YOU WHAT WE'RE DOING IN THE FUTURE. WE'LL MAKE THE DECISION AND TELL YOU WHAT WE'RE DOING WHEN WE'RE DOING IT. WHAT I THINK IS MAYBE A VERY BIG STORY THOUGH MOST PEOPLE AREN'T TALKING ABOUT IS STANLEY MILLER POSTED AN OP-ED IN THE WALL STREET JOURNAL AND THEY'RE POSITIONING THIS AS SCOTT BESSENT VERSUS STANLEY DRUKEN MILLER. I DON'T THINK THAT'S SCHOOL. THEY BOTH COME FROM THE SCHOOL OF SOROS, LEARN TO INVEST TOGETHER AND I BELIEVE IT'S MUCH MORE LIKELY THAT STANLEY PUBLISHED THE OP-ED WITH THE SUPPORT OF SCOTT BESSENT BECAUSE SCOTT BESSENT KNOWS TO DO HIS JOB AND DO WHAT THE ADMINISTRATION WANTS HIM TO, TO MANIPULATE THE YIELDS, BOTH KNOW THAT THE U.S. GOVERNMENT IS OUT OF CONTROL IN TERMS OF MONEY SPENDING AND WHETHER IT'S REPUBLICANS OR DEMOCRATS THEY'VE GOT TO KNOCK IT OFF AND I THINK THAT ACTUALLY IT'S NOT SCOTT BESSENT VERSUS STANLEY, THEY'RE BOTH GETTING THE OP-ED PUBLISHED AND TRYING TO PUSH BACK AGAINST THE PUBLIC NARRATIVE. ASHLEY: VERY GOOD. THANK YOU SO MUCH, ANTHONY, AS ALWAYS FOR JOINING US ON THE TRIALS AND TRIBULATIONS OF BITCOIN, WHICH OF COUR