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782 - What's the deal with BITCOIN with Anthony Pompliano (Part 1)
The James Altucher Show
Go to Podcast Page
782 - What's the deal with BITCOIN with Anthony Pompliano (Part 1)
The James Altucher Show
Go to Podcast Page
James Altucher, Anthony Pompliano
·
26 Clips
·
Oct 21, 2021
782 - What's the deal with BITCOIN with Anthony Pompliano (Part 1)
The James Altucher Show
0 Clips
·
Oct 21, 2021
Top Moments
I think there's four main use cases of Bitcoin: There is a store of value, there's a medium of exchange, there's speculation, and then there's what I'll just call resistant technology or freedom
technology.
Bitcoin's 4 Uses Cases: Store of Value, Medium of Exchange, Speculation, & Freedom Tech
Being able to eclipse the gold market cap is, in my eyes, somewhat inevitable. Some of that's because Bitcoin is going to grow; some of that's because gold is going to contract. But I think that Bitcoin only becoming a gold equivalent would be very short of what is likely to be
possible.
Pomp Thinks Bitcoin Eclipsing Gold's Market Cap Is Inevitable
Holding on to cash is like the stupidest thing you could do in the financial market. It's guaranteed to lose value. You're going to lose your purchasing power if you hold
it.
Despite Expected Appreciation, Many People Use Bitcoin as a Medium of Exchange
In the last 10 years, Bitcoin has appreciated more than 1.4 million percent, and it is up 400 percent in the last 12
months.
Bitcoin's 4 Uses Cases: Store of Value, Medium of Exchange, Speculation, & Freedom Tech
If people were actually spending Bitcoin for nefarious purposes, there would be a ton of risk to that ... The estimations are about .4%, about 40 basis points, of the transactions are actually for nefarious purposes compared to a legacy system where $2+ trillion are laundered on an annual
basis.
Pomp Speculates Most Bitcoin Transactions Are Peer-to-Peer
Whether you're a politician, you're a corporation, or a financial institution, or you're an individual, you're going to realize that being able to plug into the Bitcoin ecosystem is probably the single greatest thing you can
do.
Plugging Into Bitcoin's Ecosystem Is the Best Thing Businesses Can Do
Intros & Ads
AD: State Farm
James Altucher Introduces Anthony Pompliano
Clips
1
Like the Internet in the '90s, Many People Think Bitcoin Is a Fad
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2
James Altucher Reads Anthony Pompliano's Newsletter Religiously
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3
Pomp's Crypto Journey Started By Mining Ether in 2016
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4
Pomp Started His Newsletter Because He Feared Getting Kicked Off Twitter
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5
YouTube Mistakenly Shut Down Pomp's Channel; Here's What Happened
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6
Pomp Has ~200K Newsletter Subscribers
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7
Bitcoin's 4 Uses Cases: Store of Value, Medium of Exchange, Speculation, & Freedom Tech
1
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8
The Bitcoin Network & Visa Have Similar Daily Transaction Volumes
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9
Despite Expected Appreciation, Many People Use Bitcoin as a Medium of Exchange
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10
Pomp Speculates Most Bitcoin Transactions Are Peer-to-Peer
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11
AD: Justworks
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12
AD: ZipRecuiter
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13
Pomp Speculates How the US Government Uses Bitcoin: Mostly Sting Operations
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14
How Bitcoin's Price Volatility Aids User Acquisition
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15
Bitcoin Is a Freedom Technology; the Government Can't Confiscate It
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16
Pomp Predicts the US Embracing Bitcoin, Not Banning It
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17
Plugging Into Bitcoin's Ecosystem Is the Best Thing Businesses Can Do
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18
Pomp Thinks Bitcoin Eclipsing Gold's Market Cap Is Inevitable
1
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19
Pomp Predicts Bitcoin's End Game: Global Store of Value, Apex Predator of Financial Markets
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20
Bitcoin Achieved Monetary Maximalism; How Do Smart Contract Platforms Fare?
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21
Smart Contract Platforms Are Designed for Apps to Be Built on Top
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22
Filecoin Decentralizes Cloud Storage, Which Is Traditionally Centralized
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23
Bitcoin Became More Decentralized Over Time; Pomp Doubts Ethereum Follows Suit
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24
James Altucher Outro
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Transcripts
View Full Episode Transcript
Clips
AD: State Farm
James Altucher Introduces Anthony Pompliano
Like the Internet in the '90s, Many People Think Bitcoin Is a Fad
James Altucher Reads Anthony Pompliano's Newsletter Religiously
Pomp's Crypto Journey Started By Mining Ether in 2016
Pomp Started His Newsletter Because He Feared Getting Kicked Off Twitter
YouTube Mistakenly Shut Down Pomp's Channel; Here's What Happened
Pomp Has ~200K Newsletter Subscribers
Bitcoin's 4 Uses Cases: Store of Value, Medium of Exchange, Speculation, & Freedom Tech
The Bitcoin Network & Visa Have Similar Daily Transaction Volumes
Despite Expected Appreciation, Many People Use Bitcoin as a Medium of Exchange
Pomp Speculates Most Bitcoin Transactions Are Peer-to-Peer
AD: Justworks
AD: ZipRecuiter
Pomp Speculates How the US Government Uses Bitcoin: Mostly Sting Operations
How Bitcoin's Price Volatility Aids User Acquisition
Bitcoin Is a Freedom Technology; the Government Can't Confiscate It
Pomp Predicts the US Embracing Bitcoin, Not Banning It
Plugging Into Bitcoin's Ecosystem Is the Best Thing Businesses Can Do
Pomp Thinks Bitcoin Eclipsing Gold's Market Cap Is Inevitable
Pomp Predicts Bitcoin's End Game: Global Store of Value, Apex Predator of Financial Markets
Bitcoin Achieved Monetary Maximalism; How Do Smart Contract Platforms Fare?
Smart Contract Platforms Are Designed for Apps to Be Built on Top
Filecoin Decentralizes Cloud Storage, Which Is Traditionally Centralized
Bitcoin Became More Decentralized Over Time; Pomp Doubts Ethereum Follows Suit
James Altucher Outro
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