It's one thing to make a bold market prediction as many "talking heads" do, but quite another to actually back up that prediction with your own money. Well that's exactly what Anthony "Pomp" Pompliano (Co-Founder of Morgan Creek Digital Assets) has done. He is on record calling for Bitcoin to go to $100,000 (by 2021) AND backing that call up by putting half his wealth in Bitcoin. So, lets assume "Pomp" isn't just worth a couple hundred bucks but has significant assets which means he has a huge Bitcoin position. "Pomp" is obviously a Bitcoin bull and predicts that “bitcoin will one day be the global reserve currency of the world.” I personally believe he is totally 'right on' and just bought $35.33 of Bitcoin (half my net worth) to follow "Pomp." Read more below.
Bill Taylor/Fintek Capital
"Anthony 'Pomp' Pompliano is an investor who puts his money where his mouth is.
Pomp Goes Long on Bitcoin
Pompliano is the co-founder of Morgan Creek Digital Assets and a regular commentator on the market behavior of bitcoin and cryptocurrency. In an interview with Cointelegraph, the American investor revealed that he holds 50% of his wealth in bitcoin.
When asked to explain his investment strategy, Pompliano said that risk is relative to each investor and claimed to be as wary of fiat as others are of bitcoin.
He continued,
“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."
Despite having half his wealth tied up in bitcoin, Pompliano emphasized the need for diversification, including branching outside of fiat. Pomp finds bitcoin’s security measures to be far beyond the capability of government-backed currencies, leading him to conclude that “bitcoin will one day be the global reserve currency of the world.”...
Full Story at Cryptoglobe