Famous Crypto Personality “Pomp” Keeps 50% Of His Wealth In BTC

The American investor, co-founder of Morgan Creek Digital and famous crypto personality Anthony “Pomp” Pompliano recently stated that he keeps half of his weight in Bitcoin. He explained his investing strategy and skepticism towards fiat currency in an interview that was spread on many best cryptocurrency news sites all over the Web.

When asked about his wealth and savings, the famous crypto personality said that he thought that putting 50% of his wealth in BTC was initially a risky move. However, Pompliano said that risk is relative for every individual. As his statement shows, he has a clear profile that he wants to undertake:

“I would make the argument that having 100% exposure to fiat currencies is a really bad idea. Right? Because if one of those fiat currencies that you have 100% of your wealth in either hyperinflates or fails, you’ve got a lot of problems.”

As a famous crypto personality, Pomp is in the headlines almost every day. In this interview, he stressed the need for more diversification which leaves the question of how much one should divert from a fiat currency into a digital one.

He also noted that BTC has the most secure computing network. Featured in the latest cryptocurrency news, the famous crypto personality said that Bitcoin’s “defense-first approach actually leads to a great offense and drastically increases the probability that bitcoin will one day be the global reserve currency of the world.”

When asked about it being a reserve currency, Pomp noted:

“For sure the nation state with the greatest military has always controlled the global reserve currency. […] things that previously have allowed a nation-state to control the global reserve currency — military superiority, economic sanctions etc. — all the sudden are much less effective, and what I believe is going to occur is the country or the monetary system that has the greatest defense actually is in a position to dominate.”

Earlier this week, the same famous crypto personality Anthony Pompliano said that Bitcoin will hit $100,000 by the end of 2021, explaining that the basic principle behind his forecast was the classic supply and demand economics which are valid for the digital asset class.