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The recent surge in Bitcoin price was attributed to the approval of Bitcoin exchange-traded funds (ETFs), which allowed more investors to access the asset, resulting in a significant influx of over $10 billion into Bitcoin. This influx of funds led to a rapid price increase and a new all-time high within just two months of the ETF approval.
Despite the Bitcoin price reaching new highs, the rule remains not to sell Bitcoin, as the long-term thesis around Bitcoin remains unchanged. The scarcity of Bitcoin combined with increasing institutional interest and the upcoming Bitcoin having event, where daily supply will reduce, is expected to drive prices higher due to the classic supply and demand dynamics.
Michael Saylor's bold bet on Bitcoin involved converting MicroStrategy's balance sheet to hold over 210,000 Bitcoin, valued at more than $10 billion. Saylor's strategic move leveraged debt offerings and equity sales to accumulate a substantial Bitcoin position, emphasizing the impact of reducing Bitcoin supply post the halving event.
Pomp's list of companies for potential wealth growth includes OpenAI and Anduril, where joining can offer reputation and growth opportunities, with stock valuation potentially offering 2-5x returns. Emphasizing the importance of joining companies based on their future value and reputation growth rather than immediate stock returns.
The podcast highlights the diminishing prestige of working at well-known companies like Facebook due to their large employee numbers, with insights on the challenges faced during the interview process, such as being tested on real problem-solving scenarios rather than abstract questions.
The episode delves into a detailed analysis of trading strategies in the cryptocurrency market, focusing on Solana investments as an example. It explores the importance of market cycles over price evaluations and the psychology behind making strategic decisions amidst market fluctuations.
The discussion covers the controversial yet effective marketing tactics employed by successful internet personalities like Andrew Tate, emphasizing the balance between expressing bold opinions and understanding audience engagement. It underscores the significance of being prepared for the consequences of becoming a prominent figure while navigating personal and professional identities in the public eye.
Episode 567: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) talk to Anthony Pompliano ( https://twitter.com/apompliano ) about Michael Saylor’s $900M bet on Bitcoin, invisible blue-collar businesses he’s buying, plus 10 tech startups that could 10x your income and your reputation.
Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5
Listen to the first episode of MoneyWise here - https://tinyurl.com/7m5ff3rt
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Show Notes:
(0:00) Intro
(00:25) Bitcoin going up?
(5:26) Michael Saylor's bet-the-company, burn-the-boats strategy
(14:18) Pomp's take: genius or insane?
(16:42)Product manager to people manager to money manager
(20:35) Pomp's weird side businesses
(28:51) The truth about buying blue-collar businesses
(30:01) You can't put rocket fuel in a car
(35:06) The prolific ownership of Philip Anschutz
(36:35) Pomp's List: Startups You Should Work For
(38:58) 10X reputation: Anduril or OpenAI
(43:37) Shaan interviews at Facebook
(50:35) 10X Potential: Eight Sleep, Varda, Figure.ai, Traba, Placer.ai, Rainmaker, Galvanick
(1:04:45) How Pomp thinks about trade positions
(1:10:28) A simple thesis on Solana
(1:11:22) Being early on Andrew Tate
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Links:
• MicroStrategy - https://www.microstrategy.com/
• Out Where The West Begins - https://tinyurl.com/4v5mc8y5
• Figure - http://figure.ai/
• Eight Sleep - https://www.eightsleep.com
• Varda - https://www.varda.com/
• Traba - https://traba.work/
• Placer - https://www.placer.ai/
• Rainmaker - https://www.makerain.com/
• Galvanick - https://www.galvanick.com/
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Check Out Shaan's Stuff:
Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd
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Check Out Sam's Stuff:
• Hampton - https://www.joinhampton.com/
• Ideation Bootcamp - https://www.ideationbootcamp.co/
• Copy That - https://copythat.com
• Hampton Wealth Survey - https://joinhampton.com/wealth
My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
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Listen to the best highlights from the podcasts you love and dive into the full episode