ChainThink report, on May 29, according to Forbes, cryptocurrency entrepreneur and CEO of Bitcoin treasury firm ProCap, Anthony Pompliano, stated that the U.S. government will not stop printing money, and the ongoing devaluation of the U.S. dollar could ultimately 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 argued that U.S. government spending continues to expand, and despite efforts by the Trump administration to cut fiscal expenditures, the U.S. debt level remains near $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 risen to 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 also admitted that while predicting Bitcoin’s price is relatively straightforward, forecasting when it will reach $1 million is extremely difficult.