The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Anthony Pompliano Names Three Reasons Why Warren Buffett Should Buy Bitcoin

by Daily Hodl Staff
August 24, 2020
in Bitcoin

Morgan Creek Digital co-founder Anthony Pompliano says there are three reasons why legendary investor and fierce crypto critic Warren Buffett should buy Bitcoin.

The Oracle of Omaha recently bought over 20 million shares of Barrick Gold worth about $563 million. Buffett also sold off a significant portion of his holdings in Wells Fargo and JP Morgan, while letting go of all of Berkshire’s positions in Goldman Sachs.

In a letter to investors, Pompliano says Buffett would be well-served to include BTC in his portfolio shakeup.

“Warren Buffett and his team have essentially decided to dump bank stocks and start gaining exposure to gold. This is a complete U-turn from the perspective Buffett has publicly stated for many years, which downplayed the value of gold and boasted of the banks’ future prospects.”‘

Buffett’s investment in Barrick Gold is seen as a move to get exposure to the precious metal amid uncertainty on the future of the US dollar. Pompliano believes billionaire hedge fund manager Paul Tudor Jones made a smarter decision when he invested in Bitcoin.

He highlights Bitcoin’s 21 million hard-capped supply as a key reason why. As for gold, the exact supply is unknown.

Pompliano also highlights BTC’s portability, and the fact that it can be moved across the globe effortlessly.

In terms of divisibility, Pompliano says Bitcoin also wins because the crypto asset can be instantly divided into smaller units called satoshis.

The Morgan Creek Digital executive says Berkshire should invest 5% – 10% of its cash position in Bitcoin. However, it’s not likely Buffett will do so anytime soon. In the past, the billionaire investor called the king crypto “rat poison” and said cryptocurrencies have no value.

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Numerai Announces $1M Strategic Buyback of NMR
    July 17, 2025
  • Bit Origin Secures $500 Million Equity and Debt Facilities to Launch Dogecoin Treasury
    July 17, 2025
  • Supra Unveils Real-Time Macro-Economic Data Feeds to Enhance Onchain Trading
    July 17, 2025
  • Aster Launches 24/7 Stock Perpetual Contracts Trading With Exposure to US Equities
    July 16, 2025
  • The Sandbox Launches Largest LAND Sale to Date on GBM Auctions
    July 16, 2025
  • Vision (VSN) Has Arrived – The New Standard for User-Centric Token Ecosystems
    July 16, 2025
  • Snail, Inc. Announces Intent To Explore Proprietary USD-Backed Stablecoin
    July 16, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$118,813.83
$118,813.83
0.14%
Ethereum
$3,422.44
$3,422.44
5.91%
BNB
$722.74
$722.74
3.25%
Solana
$173.97
$173.97
4.45%
XRP
$3.24
$3.24
9.14%

Spotlight

  • Best-Selling Author Ric Edelman Doubles Down on $500,000 Bitcoin (BTC) Price Target As ‘Smart’ Investors Pile In
    July 10, 2025
  • Crypto Analyst Says One Top-10 Altcoin’s Chart Looks ‘Disgustingly Good,’ Updates Outlook on Bitcoin and Ethereum
    July 10, 2025
  • SEC Commissioner Peirce Declares Tokenized Securities Under the Purview of the Regulator
    July 10, 2025
  • Trader Predicts Mid-Cap Altcoin Could Explode 200%+ by August, Maps Path Forward for Dogecoin and Solana
    July 10, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl