Anthony Pompliano, CEO of Professional Capital Management, emphasized on Monday the importance of holding gold and Bitcoin (CRYPTO: BTC) as a hedge against dollar debasement.

Warning Or Advice?

In an X post, Pompliano warned that dollar debasement would drive asset inflation, ultimately harming savings.

The Bitcoin advocate then theorized that inflation would lead to frustration among the middle class and savers, creating ideal conditions for the government to introduce socialist or populist policies.

“If savers fall behind, socialism will rise. If socialism rises, the government will default. If the government defaults, you better hope you are holding gold and Bitcoin,” he stated.

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