ChainThink report, May 29: According to Forbes, crypto entrepreneur and CEO of Bitcoin treasury firm ProCap, Anthony Pompliano, stated that the U.S. government will not stop printing money, and the ongoing depreciation of the U.S. dollar may eventually drive the price of Bitcoin to $1 million.

Pompliano said on a CNBC program that Bitcoin has no ceiling because the U.S. dollar has no floor. He emphasized that U.S. government spending continues to expand despite past attempts by the Trump administration to cut fiscal expenditures, with U.S. debt nearing $40 trillion.

Data shows that over the past year, the Federal Reserve's balance sheet has expanded to approximately $6.3 trillion, while M2 money supply has reached a record high of around $22.7 trillion.

Pompliano noted that in the context of continuous monetary expansion by governments, non-productive assets such as gold and Bitcoin are consistently outperforming the stock market. However, he candidly admitted that while predicting Bitcoin’s price is relatively straightforward, forecasting the timing of it reaching $1 million is far more challenging.