Moonshots with Peter Diamandis EP #22 Why Bitcoin in 2023? w/ Anthony "Pomp" Pompliano
Jan 12, 2023
In a savvy discussion, Anthony 'Pomp' Pompliano, a renowned entrepreneur and technology investor, dives deep into the world of Bitcoin for 2023. He examines Bitcoin’s transformation from a mere store of value to a potential medium of exchange, highlighting the growing accessibility for individual investors. The conversation also touches on navigating Bitcoin’s volatility, strategies for secure storage, and the evolving mindset around Bitcoin as both a financial asset and a lifeline for future generations. Pomp delivers compelling insights on Bitcoin’s institutional adoption and long-term potential.
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Bitcoin Adoption Sequence
- Bitcoin adoption will likely start where currencies are unstable, offering a solution for financial planning.
- The US doesn't need another currency, but other countries with rapidly depreciating currencies do.
Financial Planning Advantage
- Americans have a financial planning advantage due to the dollar's slow depreciation, unlike countries with rapidly depreciating currencies.
- Planning is crucial, as rapid depreciation makes financial life planning difficult.
Decentralized Ownership
- Bitcoin ownership is becoming more decentralized as whales decrease holdings and smaller accounts accumulate Bitcoin.
- Despite the price drop, smaller accounts are accumulating Bitcoin, indicating long-term conviction.