#1404 Phil Rosen & Anthony Pompliano on Why Bitcoin & Stocks Are Crashing (And What To Do)
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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.
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insights 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.
volunteer_activism 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.
insights 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.
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In this book, Anthony Pompliano shares his life lessons through 65 letters to his children. The letters cover a wide range of topics, including how to use childhood experiences for character development, understanding that luck is not real, living life as if it were a documentary, developing unshakable resilience, and becoming a happier person. Pompliano draws from his diverse experiences, such as living in a war zone, building successful businesses, and interviewing the world's wealthiest individuals. The book emphasizes a holistic approach to life, focusing not just on financial success but also on nurturing great relationships, maintaining health, and achieving personal happiness. The writing is engaging and straightforward, making complex concepts easy to grasp and apply.
Phil Rosen, the Co-Founder of Opening Bell Daily, and Anthony Pompliano, CEO of Professional Capital Management, discuss why stocks and bitcoin are down, economic policies for Trump & Kamala, proposed capital gains tax increase, and outlook on asset prices during interest rate cuts.
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