The Pomp Podcast

#1404 Phil Rosen & Anthony Pompliano on Why Bitcoin & Stocks Are Crashing (And What To Do)

7 snips
Sep 5, 2024
Phil Rosen and Anthony Pompliano dive into the recent plummet of stocks and Bitcoin, connecting it to shifting economic policies and interest rates. They explore the worrying decline in Bitcoin's daily active users and the lack of catalysts for recovery. Insights into the historical September performance of the S&P 500 reveal investor optimism despite seasonal drop-offs. The proposed capital gains tax changes spark a debate on fiscal management and innovation, while a critique of bureaucratic inefficiencies, like those seen at the DMV, calls for essential reform.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
INSIGHT

Bitcoin Holders as Active Users

  • Bitcoin holders are active users, even without frequent transactions.
  • This is because Bitcoin functions as a store of value, so holding is active participation.
ADVICE

Long-Term Investing over Short-Term Trading

  • Focus on long-term investing rather than short-term market fluctuations.
  • Dollar-cost average into assets you can hold for years, regardless of daily price changes.
INSIGHT

Dollar Devaluation and Asset Prices

  • The US dollar's devaluation drives up financial asset prices.
  • This makes long-term holding profitable, as future buyers need more dollars for the same asset.
Get the Snipd Podcast app to discover more snips from this episode
Get the app