Anthony Pompliano: “Bitcoin is the answer”

In an interview with CNBC on Friday, Morgan Creek Digital founder, owner of Pomp Investments and prominent member of the bitcoin community, Anthony Pompliano spoke in favor of bitcoin to be the best possible asset to contribute to generating sizable growth for companies managing big treasuries.

“Listen, Bitcoin is the apex predator of financial markets. You’ve got digital sound money that’s grown at a compound annual growth rate of 200% for a decade. And if you’re sitting there and you manage a treasury, you’ve got cash on your balance sheet, you tell me where else you’re going to put it where you can get that type of growth. 200% compound annual growth rate for a decade, there’s nowhere else they can put it. We’re printing an unprecedented amount of money, and so they’re looking for a safe haven, and Bitcoin is that apex predator that everyone is concluding is the answer.”

During the interview, Pompliano further highlighted the Federal Reserve’s tendency to stimulate the stock market every time it runs out of steam, as he defended claims that Bitcoin would be manipulated.

“We have a Federal Reserve and elected officials who have outlawed bear markets. If you’re in the stock market and the market starts to correct, they step in and just pump liquidity into the market. This is insane. If you want to talk about a manipulated market, let’s talk about the stock market… We can’t have markets that aren’t allowed to correct. What we’re watching is investors are racing to find an asset where they can go that is an unmanipulated, transparent, programmatic asset. And Bitcoin serves that purpose.”

Pompliano released two tweets on Saturday evening stating that he is expecting that:

“Financial markets are going to absolute chaos on Monday morning.”

After which he highlighted the prospect power of bitcoin by saying:

“The business of Wall Street is built on extracting value as a middleman. Decentralized, open protocols will remove the middleman. This will be the greatest wealth transfer in history.”

 

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