Anthony Pompliano Allocated 80% of His Assets to Bitcoin

Co-founder of Morgan Creek Digital, Anthony Pompliano, has increased his holdings in Bitcoin, the first cryptocurrency, and they now account for 80% of his assets. He said this on The Pomp Podcast.

Thx for answering my question on today’s pod @APompliano.

Pomp’s asset allocation:

BTC: 80%
Real estate / cash / early stage co’s: 20%

That Bitcoin allocation 👀

Respect for putting your money where your mouth is 🔥

Check out the full episode here👇https://t.co/1rFeUovuCk https://t.co/4YOLxRmyyb

— paul andersen (@paul_d_andersen) October 18, 2020

The remaining 20% of Pompliano’s assets are in real estate, fiat cash holdings and investments in startups.

As recently as last year, Bitcoin accounted for only 50% of his portfolio.

When choosing between investments in Tesla and Bitcoin, Anthony Pompliano favors cryptocurrency.

“The addressable market for Bitcoin is much larger than the addressable market for Tesla. There is also a non-economic argument: if Bitcoin becomes a global reserve currency or gains global adoption, this would create a far fairer world. I think this is an important aspect,” the investor said.

Pompliano added that he has no plans to sell Bitcoin, even if its price reaches $100,000 by the end of 2020.

In July, Pompliano argued in a spat with the staunch Bitcoin critic and gold advocate Peter Schiff that Bitcoin would surpass gold, predicting that by 2030 Bitcoin’s market capitalization would exceed that of gold.

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