Bitcoin Bans Fuel Adoption, Not Suppression

In his podcast with Polina Marinova, Anthony Pompliano discussed how bans and prohibitions will never lead to results. He also discussed how everybody is wrong to think Kamala Harris is more anti-Bitcoin than Donald Trump.

Anthony Pompliano recently shared his thoughts on Bitcoin's rise toward the $70,000 mark in his podcast.

One argument he made was that even if a hostile candidate gets elected and tries to legislate punishment for cryptocurrency, that could be the catalyst for increasing Bitcoin adoption.

He also pointed to examples from countries like Pakistan, Nigeria, and China, where the tougher the government's crackdown on Bitcoin, the more interest and adoption there was in the currency. Pomp said it's because people realized that, at the end of the day, the government couldn't do much.

Anthony Pompliano: Bitcoin Bans Fuel Adoption, Not Suppression

In his podcast with Polina Marinova, Anthony Pompliano discussed how bans and prohibitions will never lead to desired results and everybody is wrong to think Kamala Harris is more anti-Bitcoin than Donald Trump.

He said:

“You know, people are expecting Trump to be much friendlier to Bitcoin. In the crypto environment, I think Harris is, too. I think people have said that she's looking to create a regulatory structure, but let's say that there was a political candidate who got into office and suddenly was like: absolutely not. We're not going to be friendly. We're going to be more punitive than supportive.

How is that not going to impact the price? That would be more bullish for Bitcoin, I think. Why?

Because in countries where they have banned it, Pakistan, Nigeria, and China, adoption goes up faster because the people understand that the government is full of shit. And so if the government says you can't have something, people are interested.”

Anthony Pompliano compared this to other industries like the drug trade and nicotine, where attempts to prohibit or regulate them pushed demand into different, often more creative, avenues.

I sat down with @polina_marinova to discuss why bitcoin is ready for the bull market, how Goldman Sachs has lost their minds, and why bureaucrats are attacking Elon Musk.

Enjoy ?

0:00 – Intro1:00 – Bitcoin is poised to go higher11:14 – Bonds & stocks will outperform Goldman… pic.twitter.com/lCx2aAZVjI

— Anthony Pompliano ? (@APompliano) October 23, 2024

It's interesting to note that Kamala Harris has support from both crypto and anti-crypto community members. Even though being totally anti-crypto, JPMorgan CEO Jamie Dimon backed Harris up. On the other hand, Ripple co-founder Chris Larsen has donated $10 million to Harris.

Anthony Pompliano concluded by stating that Bitcoin is decentralized, and no government or president, for that matter, even the US, could hurt it.

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