Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Every Single Person in Crypto Industry Is Underestimating Bitcoin, Says Anthony Pompliano

by Daily Hodl Staff
January 16, 2021
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

Morgan Creek Digital founder Anthony Pompliano thinks that the entire cryptoverse is underestimating Bitcoin’s potential to completely overhaul the global financial market.

On an episode of Real Vision with Raoul Pal, Pompliano reveals what he truly believes about Bitcoin.

ADVERTISEMENT

The CEO compares the potential future mass adoption of Bitcoin to the natural digitization process of all assets and products, noting that the digital version of everything has always come out on top.

“I think Bitcoin is going to be the next global reserve currency and I think that every single person that’s listening to this, every single person in the industry is completely underestimating this thing. I believe that Bitcoin is not only the hardest soundest money we’ve ever seen in the world but I think it’s the absolute apex predator in financial markets.

The reason why I think that is because there is one key trend that most people in finance don’t understand and it is the superiority of digital assets or digital products over analog products and assets. So the technology industry is better suited to understand this component which is if you look at, store of value and medium of exchange assets historically those have been analog and then they basically became these electronic CUSIP assets which was just a slight improvement on the analog version… The digital product is not only superior to the analog or electronic products but it also never… smaller than the analog equivalent.” 

Pomp says that the internet is moving human society into a more proof-based information climate which is destroying the narrative that gold is scarce, and instead, proving that Bitcoin is the true scarce store-of-value asset.

“If you make a single statement: ‘Gold is scarce,’ and I say ‘Prove it,’ you can’t. If I say to you ‘Bitcoin is scarce,’ and you say ‘Prove it,’ I can show you there are 21 million Bitcoin. I can show you the exact number in the circulating supply. I can show you the exact daily incoming supply and if I say ‘Great, this is Bitcoin, show me gold’s equivalent,’ nobody can do it. You have to put an asterisk next to every number and say it’s estimated. This is important. This really really upsets the legacy finance folks and it upsets the gold bug community but the reason why it’s so important is that gold is a narrative and Bitcoin is provable.”

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

ADVERTISEMENT


Check Latest News Headlines


ADVERTISEMENT


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 loses 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.

Featured Image: Shutterstock/Sergey Nivens

Submit a Press Release

Crypto Livewire – Press Releases

  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$47,700.00
$47,700.00
1.82%
Ethereum
$1,545.54
$1,545.54
2.12%
Binance Coin
$223.46
$223.46
2.47%
Polkadot
$32.70
$32.70
3.8%
Cardano
$1.11
$1.11
6.08%
XRP
$0.456088
$0.456088
1.5%
ADVERTISEMENT

Spotlight

  • Top Analyst Predicts XRP Is Ready To Erupt – Here’s Why He’s Not Buying In
    February 28, 2021
  • Bitcoin Breakout Signal Shows Top Crypto Likely Heading to $100,000 As Investors Choose BTC Over Gold: Bloomberg Analyst
    March 4, 2021
  • The Elon Effect – Companies Now Racing for a Piece of the Bitcoin Pie
    March 1, 2021
  • IRS Answers Critical Question on Bitcoin and Crypto Tax Reporting for US Citizens
    March 5, 2021

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.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

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

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.