Anthony Pompliano Concentrated His Wealth By 80% In BTC

Anthony Pompliano concentrated his wealth in Bitcoin as he mentioned, that he owns about 80% of his wealth in the number one cryptocurrency. In our bitcoin news, we are reading more about that.

In a podcast, Anthony Pompliano commented that his wealth is concentrated in Bitcoin. On CNBC “Squawk Box” he asserted that he is bullish on the cryptocurrency and has about 50% of this wealth in this asset but he didn’t disclose the exact dollar figure but such a large percentage allocation is always notable. O’Leary,  a well-known businessman most popular from “Shark Tank” said that he didn’t think this was his idea. According to the podcast, Pompliano has not heeded the O’Leary warning and he has not only reduced his exposure but he has increased it.

Thx for answering my question on today’s pod @APompliano.

Pomp’s asset allocation:

BTC: 80%
Real estate / cash / early stage co’s: 20%

That Bitcoin allocation 👀

Respect for putting your money where your mouth is 🔥

Check out the full episode here👇https://t.co/1rFeUovuCk https://t.co/4YOLxRmyyb

— paul andersen (@paul_d_andersen) October 18, 2020

He said that now he has 80% in Bitcoin while the rest 20% is made up of the real estate, early-stage companies, and cash. Most likely, many of the early-stage investments are in cryptocurrency-related companies which means his exposure to space could be even higher than 80%. Pompliano is not the only one with skin in the game in terms of BTC allocation. Raoul Pal, the CEO of Real Vision announced in the recent podcast that he has more than 50% in liquid net worth in Bitcoin while Pal is a former hedge fund manager and a former head of Goldman Sachs’ hedge fund sales division but he also predicted the 2008 Great Recession. Pal commented:

 “Most people don’t understand the latter but is simply put, Powell has shown that there is ZERO tolerance for deflation so they will do ANYTHING to stop it, and that is good for the two hardest assets – Gold and Bitcoin. Powell WANTS inflation. I don’t think he gets true demand push inflation but he will get fiat devaluation, in conjunction with the other central banks all on the same mission.”

He believes that bitcoin is an asymmetric bet which is likely to pay off a lot in this market cycle. He told a financial news publication that the cryptocurrency could hit $1,000,000 due to macro trends.

Speaking about Bitcoin, Bitcoin gets closer to an improved scalability future after merging code for Schnorr signatures and Taproot for Bitcoin Core as the leading cryptocurrency will pave the way for private and fast transactions.