Anthony Pompliano, an entrepreneur and investor with a portfolio worth more than $500 million in early-stage digital businesses, believes Bitcoin has the opportunity to bring freedom and financial security to billions of people around the world.
In reply to Pomp, Courtney Stephen, a former professional Canadian footballer, also shared his beliefs for bitcoin by tweeting, “They come for the Profits. They stay for the Revolution.”
They come for the Profits— Courtney Stephen (@TheCStephen) August 24, 2021
They stay for the Revolution
Pomp has always been a strong supporter of bitcoin. Recently Pomp shared his thoughts on how the bitcoin market cap will surpass gold by 2030.
Bitcoin is a 100x improvement over gold as a store of value. The world is realizing this and beginning to reprice digital currency in real-time. Although bitcoin has increased hundreds of percent in the last few months, it is likely to continue appreciating in US dollar terms over the coming years.
I suspect that bitcoin’s market cap will surpass gold’s market cap by 2030. For this reason, I own no gold and have a material percent of my net worth invested in bitcoin.
Coinbase CEO Brian Armstrong also has the somewhat same belief as Pomp on freedom that Crypto brings. Recently, dogecoin co-creator Jackson Palmer attacked cryptocurrency by expressing that “financial exploitation undoubtedly existed before cryptocurrency, but cryptocurrency is almost purpose-built to make the funnel of profiteering more efficient for those at the top and less safeguarded the vulnerable.”
Armstrong emphasized that one’s position in the crypto sector depends on one’s perspective, adding that those who prefer greater regulatory oversight from financial authorities are free to use the fiat system. For those who feel that government solutions are frequently “inefficient, overpromise, or underdeliver,” crypto offers a “much-needed breath of fresh air.”
Armstrong concluded that Crypto would not solve wealth inequality – it’s not trying to create the same outcome for everyone. Still, it does create wealth mobility and more equality of opportunity for everyone.