On February 14th, Bitcoin founder Anthony Pompliano recently stated that as inflation data decreases, Bitcoin investors face the challenge of reassessing their holding motivations. Pompliano pointed out on Fox Business that the value of Bitcoin lies in its limited supply, and when governments increase money issuance, Bitcoin prices tend to rise. He believes that, like gold, Bitcoin is a long-term investment asset, but during periods of easing inflation, investors may need to carefully consider the reasons for holding. Data from the U.S. Bureau of Labor Statistics shows that the Consumer Price Index (CPI) for January decreased from 2.7% to 2.4% compared to December. Moody’s chief economist, Mark Zandi, warned that inflation data on paper might be lower than actual perception, meaning demand for inflation-hedging assets like Bitcoin could be affected in the short term. Pompliano said that the macroeconomic environment will still influence Bitcoin price volatility, which he calls the “currency spiral effect” — the depreciation trend of the US dollar is masked by short-term deflation, and investors may pay more attention to Bitcoin’s ability to preserve value in the future. Currently, market sentiment for Bitcoin has fallen to its lowest level since June 2022. The Crypto Fear & Greed Index shows its “extreme fear” reading at 9 points. Data from CoinMarketCap indicates that Bitcoin’s current trading price is around $68,850, down nearly 29% over the past 30 days. Pompliano believes that the Federal Reserve will continue to expand the money supply to combat inflation pressures, which will further depreciate the dollar, and Bitcoin, as digital gold, is expected to continue demonstrating its value in the future. Pompliano’s perspective reminds investors that, despite short-term market volatility, in the context of the global macroeconomic environment and the potential devaluation of the US dollar, Bitcoin still holds long-term appeal. Monitoring CPI data and US dollar index movements closely will help evaluate the feasibility and potential profitability of a Bitcoin holding strategy.