Founder & CEO of Professional Capital Management, Anthony Pompliano has praised the new tariffs introduced by President Donald Trump on Wednesday, arguing that they highlight the inefficiencies of traditional financial systems and bolster the case for decentralized finance solutions like Bitcoin (CRYPTO: BTC).
What Happened: Speaking on a podcast, Pompliano linked the tariffs to broader economic shifts, while the crypto market faced significant declines amid fears of a global trade war sparked by the new policy.
Pompliano emphasized that the tariffs underscore the vulnerabilities of centralized banking systems, which he claims have been weaponized against businesses for political reasons.
He recounted the Trump family’s experience with banks like Capital One, Chase, Bank of America and First Republic, which canceled their accounts during Donald Trump‘s presidency, a move he described as “political lawfare.”
This experience, shared by Eric Trump on the same broadcast, drove the family to embrace cryptocurrency.
“I realized the power that these banks had, and I realized how they were exerting that power, and they were canceling businesses all over our country,” Eric Trump said, explaining his shift toward crypto.
The tariffs, …
