The Intrinsic Value Podcast - The Investor’s Podcast Network
MI045: Bitcoin, COVID-19, and Macroeconomics for Beginners Part 2 with Pomp (Investing Podcast)
Jun 17, 2020
Anthony Pompliano, known as Pomp, is a leading voice in the cryptocurrency sector. He dives into balancing investments between cryptocurrencies and traditional assets, stressing the importance of youth in investing. Pomp shares insights on navigating Bitcoin's volatility and emphasizes disciplined strategies for newcomers. He discusses Bitcoin's potential as a global reserve currency, alongside essential tips for beginners on safe acquisition and security measures. Understanding digital versus physical wallets is crucial for protecting assets in this ever-evolving landscape.
37:59
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Quick takeaways
- Volatility in cryptocurrency, particularly Bitcoin, should be viewed as an opportunity for investment rather than a threat to capital preservation.
- Successful investing hinges on understanding risk-to-reward dynamics, where seeking high-gain potentials can lead to substantial profitability despite a modest win rate.
Deep dives
Understanding Risk and Volatility in Investment
Traditional financial education often equates volatility with risk, but this perspective can be misleading. In the realm of cryptocurrency, particularly Bitcoin, volatility presents opportunities rather than threats. The best investors actively seek out volatility because it often indicates market dislocations that can lead to significant returns. Rather than fearing fluctuations, investors should recognize that the real risk lies in the potential of an asset, like Bitcoin, depreciating to zero.
