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The Pomp Podcast
#1408 Phil Rosen & Anthony Pompliano | Bitcoin Is STRONGER Than Stocks?!
Sep 12, 2024
36:33
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Phil Rosen, co-founder of Opening Bell Daily, and Anthony Pompliano, CEO of Professional Capital Management, dive into Bitcoin's resilience compared to the stock market amidst inflation and job market challenges. They compare Bitcoin's 24/7 trading with traditional stock limitations, discussing its broader accessibility. The duo also analyzes how currency debasement affects asset performance, critiquing recent political debates for their lack of focus on crucial issues like inflation and housing affordability, all while highlighting the need for impactful economic solutions.
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Quick takeaways
- Bitcoin's continuous 24/7 trading reflects its resilience and ability to adapt to global events, unlike traditional stock markets.
- Recent political debates showcase a failure to address critical economic issues, prioritizing sensationalism over substantive discussions on policy solutions.
Deep dives
Bitcoin's Resilience Compared to Stocks
Bitcoin has been available for trading for more total hours than traditional stocks, reflecting its resilience in a constantly evolving market. Since its inception, Bitcoin trades 24/7, with approximately 123,000 hours of trading compared to the stock market's 100,000 hours since 1971. This continuous operation allows Bitcoin to respond to global events in real-time, unlike the stock market, which can close and leave investors without access to their investments. The cumulative trading hours indicate that Bitcoin has been tested more thoroughly than the fiat stock market, suggesting its robustness and global accessibility.
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