Will Bitcoin & Stocks Hit New All-Time Highs Again This Year?!

0:00Hello, everyone. We've got a lot to discuss today. Bitcoin and stocks, they hit brand new all-time highs and everyone is very excited. There's an insane amount of money sitting in the money market funds waiting to be deployed. And I'm going to share my outlook for the rest of the year for asset prices. We're live today from the desk of Anthony Pompliano.

0:28All right, ladies and gentlemen, the time has come. S &P 500, all-time high. NASDAQ, all-time high, gold all-time high, and of course, the granddaddy of them all, Bitcoin all-time high. This is exactly what we have been talking about for months now. If you go all the way back in February, everyone was all worried about what is going to happen with tariffs. Donald Trump had just stepped into the White House, and now everyone thought that the world was going to end. You fast forward a little bit, and we get all the way to Liberation Day, April 2nd. He comes out, Remember the big science fair billboard?

1:03And they said, here's all the different tariffs. People were literally crying, saying that the world was gonna end. They were talking about recessions, depressions, Black Friday, all kinds of chaos. I didn't believe any of that stuff. If you remember, back on April 3rd, I told you we're going back to all-time highs this year. Here it is. Now, the beauty of this is that yes, in early April, when everyone's running scared, I told you we were going back to all-time highs, but I thought it'd be by the end of the year. That was still about nine months away or so. But instead, what we got is one of the most epic bull market runs over a 100-day period in the history of financial markets.

1:42Man, it really must suck to be a bear right now. What they saw was asset prices across stocks, gold, and Bitcoin all ripped much, much higher. But here's the thing. There has been no interest rate cut yet. The spending bill has been approved, but it hasn't yet taken hold. and there's$7.4 trillion sitting on the sidelines. That tells you that markets are forward-looking. They know what's coming. We're gonna get lower interest rates. We're gonna get tons of cheap capital flooding the market and a lot of that money that's sitting in money market funds as rates come down is gonna push back into asset prices.

2:15Now, of course, if you look at something like Bitcoin, which is the most pure macro asset in the world, it is simply a barometer for global liquidity. And what we have seen with tariffs is that the government realized that they're not gonna be able to balance the budget and they now are gonna try to grow their way out of this. Well, when you wanna grow your way out of the problem, what do you do? You run the economy as hot as possible. And that means that spending and cheap capital and low interest rates are all coming and asset prices are going up. We've seen the dollar get destroyed in the first half of the year, down more than 10%.

2:47It's one of the worst starts for the US dollar on a relative basis in about 50 years. But Bitcoin continues to go higher. And so if you go back, how did I know that Bitcoin in particular was going to hit a new all-time high sometime in the month of July? Well, it's because gold hit an all-time high about 100 days ago. And here I am talking on May 6th, explaining exactly what's going to happen. You're going to hear me say 60 days from now. It's only off by about five days. Take a listen. If you have price insensitive buyers and they're gobbling up all this Bitcoin, the odds that Bitcoin's price can stay depressed for a long period of time is pretty low.

3:27And so my expectation is that we are probably 60 days away or so. You know, let's say we're kind of at the beginning of May, you're probably going to see towards the end of June, sometime in July, we'll start hitting that 100 day period where it's 100 days after gold hit a new all time high. And I would expect Bitcoin to really kind of start moving then doesn't mean it's going to like double or triple in price. But I would expect kind of the second half of this year to be very positive for Bitcoin, you know, my take to people is just you see a bunch of people buying. Obviously, you can do the math on how much they're buying versus how much is coming into the market every day.

4:00It's pretty good odds that Bitcoin's price is going to be higher in the next six to 12 months. Calm down and do what they're doing. If they're dollar cost averaging into Bitcoin and you're taking your foot off the gas, that's not good. You should be dollar cost averaging into Bitcoin as well. And I think that you'll end up in the same trade that they end up in. And that's where returns end up are going to be captured over the next year or so. Now, here's the crazy part about all of this. Was I right? Yes, of course I was right. But that doesn't mean that you're always going to be right. Not even me.

4:29Instead, the way I think about this is you have to understand global liquidity. Global liquidity ultimately drives all asset prices. And what we have entered into is a brand new regime. Coming out of 2020, we saw that the 2008 global financial crisis, we invented a solution of quantitative easing that now central banks have as their default playbook. When 2020 hit with the pandemic, we saw the government immediately hit the button. Not just hit the button, actually, they smashed it. And they said, print money and drop rates, and asset prices took off. Now, of course, the Fed then, they hoodwinked everyone, and they went and they hiked interest rates as fast in history as possible.

5:09And they went up over 500 basis points, but it doesn't matter because guess what? Stocks have kept hitting all-time high after all-time high after all-time high. The market doesn't believe that we will get bear markets. The market doesn't believe that we're going to get full-on long-term recessions. The market doesn't believe that the Fed won't blink. And more importantly, the market doesn't believe that governments around the world are going to stop printing money. And so what that tells you is that we are now entering a world of extremes. There is going to be extreme pain for the people who hold dollars, people who try to save their way to financial security.

5:45Those people are not going to make it. Over the last five years, the US dollar has lost about 30 % of its purchasing power. The same time stocks have been ripping higher, gold, Bitcoin, everything continues to go up into the right. The other extreme is that the asset owners, they're only going to get wealthier and wealthier. Rather than attack the asset owners, have ideas like socialism and communism become popular, what we need to do is we need to turn around and we need to help the people who don't yet understand that they need to own assets. The whole world that we live in today, there is lots of opportunity.

6:20You now can be anyone in the world and you can use technology to actually create a better life for you and your family. But education is this big gap and we can close that gap. What we're now seeing is a huge opportunity for people to lean into this. And so there are things like the Invest America Act, which recently got approved, $1 ,000 to every single newborn in America who then will take that$1 ,000 and have it invested in the stock market. Let them participate in the capitalistic system. But asset prices are not going to stop. And so that$1 ,000 is going to turn into a lot more money in the future.

6:54And then, of course, the most important thing to pay attention to right now is when is Jerome Powell going to stop playing around, get from behind the curve and actually cut interest rates. Donald Trump, president of the United States, he really, really, really wants Powell to cut rates. He just posted yesterday, tech stocks, industrial stocks, and NASDAQ hit all time high. Record highs, crypto through the roof. Nvidia is up 47 % since Trump tariffs. USA is taking in hundreds of billions of dollars in tariffs. The country is now back a great credit. Fed should rapidly lower rates to reflect this strength.

7:32That's the type of thing that you're hearing from the administration. Now, it's important that the Fed remains independent, but also it's important that people are able to express their views and tell the Fed you're behind the curve again. We are going to see asset price explosions when we continue to get cheaper and cheaper capital coming into the market. So the question becomes, what do you do? Well, to me, there's two different people in the market today. There's the people who hide from volatility, and there's the people who run towards volatility. There's the people who want to operate in the old world, and there's the people who want to operate in the new world.

8:04Take someone like a Warren Buffett and a Berkshire Hathaway. Have they been great investors? Of course. But if you actually take a look at what their performance has been for about the last 10 years or so, they haven't done nearly as well as many of the stocks that most retail and self-directed investors hold. That's because the world is transitioning from a world that is based on kind of where we were, things not changing, to now an acceleration of technology. Things like humanoid robots, self-driving cars, drones, space rockets, DNA sequencing, genetic modification, Bitcoin, and many, many other things.

8:40All of those are going to become essential parts of our life moving forward. And so as an investor, you've got a choice. Do you look backwards and invest in the old world? Those things will compound. They'll continue to create value. They have cash flow. Or are you going to be an investor who looks towards the future and says, I want to actually get on top of the things and own the things that are going to be asymmetric. Two different worlds. One's much more worried about the downside than the upside. And in the new world, people are much more worried about how high things can go than how low they can go.

9:10Neither one is right or wrong, but I know where I'm placing my bets. I think that a lot of investors are figuring that out now. And then last but not least, as Bitcoin hits a new all-time high, you're going to continue to see people say, oh, those guys, they got lucky. What are they doing on the internet? They're just simply sitting there and they're trying their best to figure it out. I don't think that's true. Because if you go back and you think about what's happened just since 2020, we saw Bitcoin at$8 ,000 when we went into the pandemic. Bitcoin dropped from$8 ,000 to$4 ,000, a 50 % drop in one day.

9:43How many people do you know that could hold through that? It then came roaring back. We got the halving of 2020. And within 18 months, we were at new all-time highs,$69 ,000. It's amazing, right? Well, then Bitcoin decided to do what Bitcoin does. It drew down significantly. We went from$69 ,000 down to about$17 ,000. How many people do you know that would not only hold through that, but continue to buy more and more Bitcoin? Not that many. Bitcoin then, of course, has come all the way back. Now we are sitting at$118 ,000 as of this morning. That type of price performance, but also volatility, that is something that most people don't have the stomach for.

10:24And so the Bitcoiners, most of the ones I know, they not only bought Bitcoin, they're willing to do the work and think independently, but they also held through the volatility and continued to buy more. That is how you ultimately build real wealth in an investment portfolio, is you have long-term conviction on an asset. All of the volatility can't shake that conviction and you continue to press your winners. It's exactly what Bitcoiners have done. And now you add in the fact that we have all of these public companies buying Bitcoin. We have countries now coming out and talking about buying Bitcoin.

10:56This is the story of our generation. Bitcoin is going to continue to go up into the right because the government is not gonna stop printing money. But the beauty is if you don't like Bitcoin, if you don't understand it, if you don't want to hold it, It's no problem. There's plenty of other assets, whether it's the S &P, NASDAQ, individual stocks, or gold. They're all going up into the right too. Maybe they go up more or maybe they go up less than Bitcoin. I don't know. But what I do know is that we have entered a world of extremes. We've got a volatility generation where now we are going to watch asset prices continue to go up because they're going to debase the dollar.

11:31Any time that you see a government that has finally capitulated and said, we cannot balance the budget. We cannot stop the national debt from going higher. Simply, they are going to debase your currency. And the people who are left holding that currency, they're the losers. While the people who get out of the currency and into investment assets priced in that currency, they're the big winners. And that's exactly what we're seeing happen here, both from stock owners, Bitcoin owners, gold owners, real estate, and much more. So ultimately, my message to every single person here is enjoy the all-time highs.

12:06It's fun. Think about how euphoric it is, both to be on the internet and talking to folks. People like to see green. They like to see asset prices going up. But remember that there is a portion of our population in our society and in our economy, they don't own any assets. Your job and my challenge to you is go out there and actually help those people. Talk to a friend who doesn't have any investments. Explain to them the importance of owning some investments. Maybe they want to own Bitcoin. Maybe they want to own stocks or something else. Let them choose, but help them understand that actually owning assets is incredibly important today.

12:40Because if not, you're on the losing side of a trade that's going to last for the rest of our lifetime. The government can't stop printing money. And frankly, what did you think was going to happen? If you hand a man a money printer, he's going to print money. But now we also know that the politicians, they know that we know. And that means that the bills are going to get bigger and bigger. The printing of money is only going to get more and more extreme. That means that asset prices are going to accelerate. Bitcoin's up over 100 % in the last 12 months. Do you think that people are going to start saying to themselves, well, if I own assets and I can print money, of course they're going to print the money because it's enriching themselves through the asset prices.

13:21And so rather than yell and scream and complain about it, just understand that you can position yourself to be on the right side of this entire equation. Own assets. Don't save all of your money in dollars. And remember, S &P all-time high, NASDAQ all-time high, gold all-time high, and Bitcoin all-time high. I'm not here to say I told you so, but what I am here to say is take the lesson of what's happened from April to now and realize this is the new normal. Markets are going up and to the right. And no matter how much fear-mongering, doomsday predicting that occurs, all the bears are wrong. And eventually, they're going to have to capitulate.

13:58That's it for today's show. I hope you guys are enjoying this. I'm having a blast putting it together. Congratulations to all of you that have held to all-time highs. And please make sure that you're following us on X and subscribed on YouTube. And we'll see you guys live on Monday from the desk of Anthony Pompliano.