#1445 Anthony Pompliano | What Happens When Bitcoin Hits $100,000?!
12:47 Share

Whats up, everyone? This is at any pump piano. Many of you know me is pump. You are listening to the pump podcast, which is my effort to find the most interesting people in the world and sit with them for hours.

Why I ask questions in an effort to learn so would mean the world to me if you would subbed ribes to the show on your favorite audio platform, watch episodes on youtube and tell your friends and family about the podcast. My goal is to help millions learn from the world's most interesting people. So let's get in to today's episode.

Anthony puppy ono runs pump investments. All views of him and the guests on his podcast are surely their opinions and do not reflect the opinions of pop investments. You should not treat any opinion expressed by pop or his gas as a specific induced ment to make a particular investment or follow a particular charity, but only as an expression of his personal opinion. This podcast is for information of purposes only.

Today's episode is brought you by bicky. They are the hardware while built for bitcoin. They are made by the team behind square and cash APP bicky makes security managing your bitcoin absurdly simple.

Bicky is integrated with partners like cash APP coin bit odd lotion, so you can easily compare Prices across exchanges before you buy. And their APP works like the money aps you already to use, because simplicity is the best form of security. Send, receive and track your while value over time, all in one place.

Time magazine named bicky one of the best inventions of twenty twenty four. There are simple three key approach to self custody replaces complex features like seed phrasie that make traditional walls hard to use and easy to lose. Give the gift of simplified self costs to the bitcoin person in your life.

And if that you get bit key and sit back and relax while the set for a limited time, you can get big key for ninety nine dollars. That's fifty one dollars off the Normal Price. Get yours today online at amazon e or bit key world.

That's B I T K E Y that world. Go check out biko today and start security, managing your bitcoin in an absurdly simple way. What's going on, guys? Two years ago this week, bitcoin was trading at sixteen thousand dollars.

That's right. There was fear everywhere. F, T, X, I just collapsed.

A number of other companies had gone under. And everywhere you look, there were bears. People thought that decline was going down further.

Maybe the ten thousand dollars IT was all over, the media was dancing on graves, and everything that we had worked for seemed like IT was all for not. But now, fast forward two years later, and IT is like bitcoin has risen from the dead. And now we are up within five hundred percent since we saw that massive decline in twenty two.

And so the big lesson to me out of this entire situation is that bitcoin teaches long term thinking. Whenever you have an asset that trades in the market, you're gonna times of enthusiasm and you're gona see times of fear. But the key part to an investor is that you simply have to remain calm regardless of the environment.

Bitcoin in was at sixteen thousand, and bitcoin is at one hundred thousand. Now both of those different environments. Beacon is the same asset. IT produce block after block after block of transactions.

And now with you as an investor, if you were holding at sixteen thousand, you get ta celebrate at nearly one hundred thousand, but you still have to make sure that you don't get too enthusiastic. Having a calm mind is a competitive vantage when investing in highly volatile assets like big coin. Now what's most interesting to me is that this is a stronger today than that when I was we see hasher is continued to grow in is near all time heights.

We know that two out of every three bitcoin haven't moved in the last year. In one out of two bitcoin haven't moved in the last two years. That means that one out of every two bitcoin was being held at sixteen thousand is still being held today by the same person.

That is deep conviction. And that means that people aren't selling even though the asset has appreciated significantly. Now the reason why that's important is that the two year time for but if you go and you take a look at what we've seen just over the last week or so, we saw bitcoins start november at sixty nine thousand dollars.

November first, IT didn't rose all the way up to ninety nine thousand dollars. And about three weeks, that rapid appreciation of almost fifty percent caught everyone's attention. But then bitcoin sold off to about ninety thousand dollars.

And there was panic and fear all over the internet. I'll never understand why everyone gets so worried because the Price drop, the Prices not seen a week before. But the beauty is, here we are.

On the friday after thanksgiving, Prices are right back to ninety eight, ninety nine thousand dollars. That was a one week bear market. congratulation.

You all survive the thanksgiving twenty twenty four massacre. But the funny part about this entire thing is that the story is never going to end. Bitcoin goes up.

Bitcoin goes down. But over the long run, the trend is up into the right. If you are new to holding bitcoin, IT is incredibly important that you learn to deal.

The voluntary bitcoin rewards people who have a long time horizon. IT doesn't matter what the data, day, week to week or month. The Price movements.

The thing that matters the most is, do you understand bitcoin? Have you done the work? Have you read the bitcoin White paper?

Have you gone and put in the hours, actually study the asset, study monetary history, understand the technology, and realize what this asset has the potential to do. There are very few assets in the world that can steal mind share from people at this scale. For this long, usually the stock becomes hot.

People going to learn a little bit about IT. Maybe they buy IT, maybe they sell IT, but IT doesn't take over their life. Bitcoin is a different type of asset. Once you begin to understand bitcoin, you look at the world very differently, you start to understand things in the food supply system, you begin to understand things about the legacy political system, and you begin to understand things about the monetary system that you previously did not understand. That is the beauty of an asset that only comes around once in a lifetime.

And so ultimately, when I see bitcoin getting up and down, all I keep telling myself, those are all short term traders trying to figure out where they think the Prices is gna go in the next few hours. But the people that I know with deep conviction, they buy bitcoin and they buy IT over and over and over again, their dollar cost averaging into a great and just says warn, buffer or charlie monger would say buying a great asset, holding a forever, is a fantastic investment strategy. I tend to think that biton is going to end up being one of those assets, and so do hundreds of millions of people around the world.

Now here's what I think becomes really interesting is that we previously saw a bitcoin run up to a thousand. We previously saw a bitcoin up to ten thousand boat in the month of november in the respective years. Obviously, bitcoin, I was trying to break a hundred thousand in the month of november in their respective here.

And so even though I think that because lin will consolidate here and has to eat through the cell wall three hundred, once we break one hundred thousand, I do believe that that big around beautiful number will serve as as a catalyst. They will grab even more people's attention. The media will go out and spread the word, and more people come in and start to buy bitcoin.

But the beauty of bitcoin is that the higher the Price goes, the less risky IT becomes. The larger pools of capital begin to buy IT. You have fidelity out there saying they believe that investors put up to two and a half percent of their portfolio in the bitcoin.

And I know that there are public pension funds, sovereign alth funds, central banks and many others who have been watching bitcoin. And now as we reached that hundred thousand number, IT will likely become an asset that they start to add to their portfolio. If that is to occur, I believe that biton will continue to rise.

We are in a ball market is very clear. And so as we go up, how high we can go, I have no clue. But what I do know is that there will continue to be thirty percent, twenty percent dropped out along the way in twenty seventeen billion from a thousand to twenty thousand and twenty x in a single year.

But along the way, there was over five different thirty percent drawled out. That type of old toity is not common in traditional asset. But if you want to have return, then you have to deal with the volatility.

And so ultimately, what I want you to do is I want you to be prepared, both mentally and emotionally, understand that if big coin n gonna go up, it's going to also draw down along the way. Do not get scared when bitcoin drops five, ten, 10， twenty, thirty percent. Instead, understand the asset that you won't have, make sure you've done that work.

On top of that dollar cost averaging is one of these great investment strategies that has worked forever. I've looked at the data and if you had actually started dollar cost averaging back at the top of the twenty twenty one market in dollar cost average away all the way through the bear market, you would have been in profit even though the Price had drawn down so significantly. That's the beauty of dollar cost averaging.

And so ultimately, what I think we are gonna see here is I think we're gone to see Donald trump and his new administration go into office. I do believe the first thing that they will say is that we are not going to sell any of the bitcoin that we currently have in the government's ownership. And then on top of that, I think that we are also going to see a plane and put in place for the united states government to start to buy more bitcoin that will kick off a global formal where all of these different countries, these southern n wealthy funds in various large entities around the world, they also will start to buy big coin.

If the country of brutton can put a billion dollars on their baLance chip, that country of the united states should be able to put tens of billion of dollars. This is ultimately a game of twenty one million bitcoin. There are some percentage that has been lost.

And so if it's ten percent, that means that there's less than twenty million bitcoin that will ever be available. And I know a lot of people who earn a lot of bitcoin and they're not selling. And so ultimately, maybe it's fifty percent of the market is actually available for sale.

That means that the united states got a lot of work to do to be able to get hundreds of thousands of not million of bitcoin. On top of that, we see companies like microstrip gy buying up billions of dollars of bitcoin per week. Now that idea wasn't even possible a couple of years ago.

And in the fact that there are many other companies around the world that are copying the microstrip gy playbook, why it's working. And so naturally, they're going to also want to get a financial return. You have meta planet in japan. You've some more scientific here in the united states.

You have companies like deby technologies in canada, and then you've got many different miners all around the country where you've got things like hot eight, you've got marathon and others that are all saying to themselves we should go in stack bitcoin on our bitcoin is an asset that is infiltrated, personal, baLanced individuals holding. Now you have financial institutions offering etf, and then you have companies that are putting them on their baLance and sheep. But there is one more thing that people aren't talking about yet that I think is coming fast and furious of financial markets.

Bitcoin is going to become a creative. You're going to see bitcoin enter into all kinds of different financial products. Why is IT that only the real state investors who are now publicly talking about IT on C N B C and elsewhere, where they say we want to offer our real state investment fund, but we also want to put some bitcoin into that fund.

Why would that not come to other areas? Of course, there's going to be commodities, possible coin. This can be fixed income, possible coin.

Big coin is going to become a tool that is going to get put into all of these other strategies. Bitcoin is a very unique asset. I think that IT is going to end up being something that everyone wants exposure to.

If you don't believe me, just look at the bond market. microstrip. Gic figured out a way to go in and offer the converted bonds that gave people exposure.

If you run a debt fund, how the hacker you supposed get exposure a bit coin when now you could. And obviously, there has been immense demand. And so I think that, that is going to continue.

The pricing of that asset used to be measured in hundreds of dollars than thousands of dollars, eventually tens of thousands of dollars. And we are the precipice of IT being measured in six figures. This is an incredible time to be watching all this happen.

I believe we are witnessing history. And ultimately, I am so thankful on this thanksgiving week to be doing this with all of you. I appreciate all the support.

I appreciate all of you watching all the videos, and I appreciate all of the learning that you have provided to me. This is an amazing time, and I just want to say thank you. Make sure you subscribed to the channel like this video. Send IT to your friends, and i'll see you all in the next couple of weeks.