anthony pompliano

Japan’s Financial Services Agency Has Officially Chosen a New Commissioner, Himono

Japan’s Financial Services Agency (FSA) confirmed its plans for hiring Ryozo Himino as the new commissioner of the financial watchdog group.

Watch Out for Himino

On July 20, the update was publicly announced and Himino was officially listed as the head of the watchdog group. The financial custodian was transferred internally and previously played a part in the security agency as International Financial Deputy Counselor. He was also the first Japanese Chairman of the Standing Committee of the Financial Stability Board.

Himino has big shoes to fill in his newly appointed role as the new commissioner, as his precedent is none other than Toshihide Endo, a commissioner that was described by Anthony “Pomp” Pompliano, the investment mogul and Bitcoin advocate, as “a big proponent of Bitcoin and Lightning Network.”

Himino, A Crypto Lover

It appears to seem that Himino is quite bullish when it comes to cryptocurrencies. He has been quite implicated in the industry. For example, he addressed Facebook’s virtual currency Libra and compared it to “an alarm clock”, because, in his opinion, the Facebook crypto has opened the eyes of financial regulators and Central Bank officials. Furthermore, the newly appointed watchdog has also been a key factor in introducing blockchain platform Blockstream’s co-founder Adam Back to a seminar at a G20 meeting, located in Fukuoka, Japan.

During that time, the FSA’s aim was to offer an opportunity for various stakeholders and world leaders to gather at the G20 summit and talk about blockchain’s potential to develop decentralized financial systems. The Financial Service Agency acknowledged Adam Back as a legendary cryptographer who wants to change the world using cryptography.

Japan Had Their Eye on Himino Since The Beginning

The former International Financial Deputy Counselor was previously named on July 7, as the Japanese government was highly considering him for the role of commissioner for the country’s FSA.

This is great news for Japan’s cryptocurrency evolution, as Himino has always been regarded as a leader that was sympathetic to this type of digital asset.

CNBC's Jim Cramer Changes Mind, Finally Buying Bitcoin

CNBC’s most famous stock market pundit Jim Cramer has joined the ever-growing list of high-profile Bitcoin investors. This significant move is made after Bitcoin investor and former Facebook team lead, Anthony Pompliano, convinced Cramer to buy Bitcoin.

Pompliano plans to release a new podcast episode on Monday, 14th September, to feature how he managed to convince Cramer.

Cramer is one of the most respected and recognized individuals in the financial media sector, hosting the famous “Mad Money” show on CNBC media company.

Bitcoin Investment Hopes Rise

Cramer’s relationship with the top cryptocurrency has been quite erratic. In the past three years, he has been sending mixed signals concerning Bitcoin. In June 2017, Cramer claimed that Bitcoin’s price could hit $1 million. But he has also been critical, calling Bitcoin an “outlaw currency”.

When Bitcoin was approaching its all-time high of $20,000 in December 2017, Cramer made a prediction that the launch of Bitcoin Futures by Chicago-based Cboe Global Markets Inc., would “annihilate” the largest cryptocurrency.

After Bitcoin fell below $6,000 in August 2018, Cramer said that the tide had turned against the cryptocurrency. He added, “I’m not saying its time has passed but there is a notion that the sun seems to be setting.”

In May 2019, Cramer responded to a Twitter follower who asked if he thinks it’s logical to have 40% of his wealth in Bitcoin and 60% in stocks. Cramer tweeted:

“Mad Money into Bitcoin? Hmmm.. not top of mind. but then again, it is YOUR mad money so you must do what you think is right.”

A Wall Street veteran, Cramer is now investing in Bitcoin.

Barstool Founder Portnoy Consults Winklevoss for Bitcoin

Bitcoin (BTC) has continued to rise in mainstream circles, undergoing inflation in pricing after Barstool’s Dave Portnoy consulted Gemini exchange founders and BTC billionaires, the Winklevoss twins, learned everything, and eventually invested in Bitcoin.

Raoul Pal, the founder of Real Vision and former head of Goldman Sach’s hedge fund sales business, recently stated that he has put a portion of his assets into Bitcoin as an inflation hedge.

Raoul Pal is joined by Bill Miller, Paul Tudor Jones, and several others as famous Wall Street bulls, which are bullish on Bitcoin.

Bitcoin as Portfolio Hedge Against Inflation

During inflationary times like the current difficult economic period, money flocks to the so-called safe-havens. Gold is the traditional haven asset used as a hedge against inflation. It has been around for several thousands of years and continues holding value to this current time. With historic amounts of monetary policy easing by major central banks sparking a significant increase in gold prices, investors seeking to cover themselves against inflation are also thinking of Bitcoin.

In the month of May this year, one of the world’s most successful investors, Paul Tudor Jones, announced that he was putting a small portion of his assets into Bitcoin as a hedge for inflation. However, he has not been alone as the list of investors betting on Bitcoin is beginning to look pretty impressive. On top of Tudor Jones, the list is expansive, including Mike Novogratz, Peter Thiel, Marc Lasry, Chamath Palihapitiya, Raoul Pal, and others.

CNBC Mad Money Host Jim Cramer From Skeptic to Bitcoin Bull

CNBC’s Mad Money host Jim Cramer thinks a major shift in safe-haven assets is on its way and believes Bitcoin and crypto will be the choice of the next generation.

Mega popular financial markets analyst for CNBC’s Mad Money—Jim Cramer appeared on a podcast with Anthony Pompliano to discuss the changing generational mindsets on storing wealth from traditional stored like gold and real estate to Bitcoin and cryptocurrency.

Appearing on Morgan Creek Digital co-founder Anthony Pompliano’s podcast on Sept 15, Cramer thinks that his own children won’t feel comfortable inheriting gold but “will feel comfortable with crypto.” Cramer admitted that maybe he was stuck in the past with some of his previous assessments and gold wealth storage leveraging.

Cramer said about upgrading from Gold to Bitcoin:

“I have to start recognizing that maybe I am using a typewriter.”

Cramer spent much of the Pomp Podcast probing host Pompliano about Bitcoin and cryptocurrency. As all market conversations have lately, the discussion soon turned to safe-haven assets and wealth storage measures to combat the current economic situation of the United States—which has continued to print trillion’s of dollars in stimulus and coronavirus relief, actions that are expected to ultimately debase the US dollar further.

Cramer who has been investing and analyzing markets since the 80s admits that Bitcoin and cryptocurrency were not in his “inflation handbook” and for his generation—gold, art, and real estate were the preferred stores of wealth. He said, “What we didn’t have in the menu, was crypto.”

Cramer believes with the current economic situation, when it comes to safe havens like gold, bitcoin, and crypto, “You have to have one or the other.” He added later, “We’re on a collision course […] it’s perfectly logical to add crypto to the menu.”

Since the announcement by Pompliano that he had convinced CNBC’s most famous stock market pundit Jim Cramer to join the ever-growing list of high-profile Bitcoin investors—Bitcoin has seen a slight rise in price, whether related to the news or not and currently sits at $10,740 at the time of writing, its highest price since crashing on September 3rd.

The Economic Bubble

Extreme conditions have a way of changing people.Chairman of Roger Holdings and prolific American investor Jim Rogers has also warned that the trillion-dollar bailout will lead to an economic meltdown and mainstream investors appear to be flocking to Bitcoin as a means of wealth storage.

Bitcoin’s scarcity has transformed the crypto asset into a reliable safe-haven asset, and it currently bears its strongest correlation to gold. Analysts like the Winklevoss Twins, Paul Tudor Jones and even George Ball now view BTC as a reliable hedge against debasing monetary policy and believe higher inflation will push the Bitcoin price higher.

Jim Cramer, who until recently was a staunch Bitcoin opponent said during the Pomp’s show that he would be allocating at least 1% of his wealth storage to crypto.

Dave Portnoy Calls Bitcoin “A Ponzi Scheme,” but Says He Will be Back for Crypto

Barstool Sports founder Dave Portnoy revealed in an interview with Bitcoin bull Anthony “Pomp” Pompliano that he had previously bought $1.25 million worth of Bitcoin (BTC), despite thinking that the largest cryptocurrency by market cap was just a “just one big Ponzi scheme.”

The eccentric “Davey Day Trader” previously invested heavily in cryptocurrencies, after getting briefed about the ins and outs of Bitcoin trading from the Winklevoss twins. In a Twitter post, he had called out Bitcoin billionaires Cameron and Tyler Winklevoss, summoning their help regarding Bitcoin investments and asking them to “just show him how to ‘do it.’”

Following the Gemini co-founders’ advice, Portnoy invested heavily in Bitcoin and DeFi tokens such as Chainlink (LINK) but pulled his funds when he underwent a loss of $25,000 with LINK tokens.

He then declared that he owned zero Bitcoin, having sold them all. The Barstool Sports founder then said that “losing of any kind is unacceptable” and announced his exit from the cryptocurrency market. However, he claimed that he will be back and said that “his heart is crypto.”

Now, in Portnoy’s interview with Pomp, the Davey Day Trader announced that he missed crypto and that he would eventually get back into Bitcoin. He said:

“I’ll get back into Bitcoin. I don’t know when. I don’t have much liquid really – it’s all invested.”

Pomp applauded Portnoy’s stock investment strategy, as he referenced the US dollar’s quick devaluation.

This may sound controversial for the crypto community, as the Davey Day trader also called BTC a Ponzi scheme. He was criticized in the past by Bitcoin bulls for using a “pump and dump” strategy with the “digital gold” crypto asset, and for devaluating the crypto community with these actions.

Portnoy has not been the only one to call Bitcoin a Ponzi scheme. The CEO of Irish-based airline RyanAir, Michael O’Leary, had also classified BTC as a Ponzi scam after he was impersonated by online scammers posing as the CEO to tout the digital currency. Several media outlets portrayed an interview of Michael O’Leary with him allegedly saying, “I’m glad I tried (Bitcoin) because it was some of the biggest and easiest money I have ever made.”

The RyanAir CEO had however rectified the false claims and the scam and disclosed to The Sunday Times:

“I have never, and would never, invest one cent in bitcoin, which I believe is equivalent to a Ponzi scheme, I would strongly advise everyone with any shred of common sense to ignore this false story and avoid bitcoin like a plague.”

Crypto Bull Anthony Pompliano Reveals That 80% of His Wealth Is Bitcoin

It is no secret that Anthony Pompliano, the famous co-founder of Morgan Creek Digital, has long been bullish on Bitcoin.

Bullish on Bitcoin wealth

A Bitcoin philanthropist, Pompliano also hosts his own podcast show “the Pomp” where he discusses everything in the realm of finance, from business investments to cryptocurrencies. In an exclusive episode of his show, Pompliano answered his listeners’ questions and recently disclosed that 80% of his asset holdings were allocated to Bitcoin.

The rest of his wealth was divided into other assets such as cash, real estate, and start-up companies. In addition, since a lot of the venture capital companies are cryptocurrency-related, there are implications that Pompliano’s Bitcoin wealth may extend to more than 80%.

While thanking Pompliano for having answered his question regarding the Bitcoin bull’s alternative investments, Amazon consultant Paul Andersen disclosed:

“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.”

Per Pompliano’s exclusive podcast episode, the Bitcoin bull did not listen to Kevin O’Leary’s advice in 2019, where the Shark Tank guest speaker stated that he didn’t think the way to go for investments was to pour one’s funds into Bitcoin.

Not only has Pompliano dismissed this, but he has also been rumored to have increased his Bitcoin holdings. While he previously held 50% of his wealth in BTC, Pompliano now has increased that amount to 80%. According to a lot of market experts, Bitcoin is set to increase in value in the upcoming years, and Pompliano has made it clear on many occasions that he is bullish on Bitcoin. He explained why he thought Bitcoin was poised for a breakout, in comparison to the traditional safe-haven asset, gold, and said:

“Gold is the analog application of sound money principles & Bitcoin is the digital application of sound money principles. Gold has done incredibly well over last 20 years, but history shows digital version of something can be bigger, better, & more popular.”

Pompliano convinces Jim Cramer to adopt Bitcoin

Pompliano is not the only one who has been bullish about Bitcoin. According to the Morgan Creek Digital co-founder, he had also managed to onboard CNBC’s Jim Cramer to the mainstream cryptocurrency. Cramer, the host of the famous “Mad Money” show and an avid stocks investor, had disclosed that he had started investing in Bitcoin.

Pompliano is allegedly the one to have convinced Cramer. The seasoned Wall Street veteran admitted that previously, in his generation, the way to secure funds during economic inflation was through assets such as gold, art, and real estate. However, he has since added cryptocurrencies to his investments, and said during a Pomp podcast segment:

“It’s perfectly logical to add crypto to the menu.”

Anthony ‘Pomp’ Pompliano Gives Investment Advice as Bitcoin to Break $12K

Bitcoin is nearing the $12K mark, but experts are saying that the level may not be beneficial for the mainstream cryptocurrency if market bulls fail to turn it into a support level.

Bitcoin is aiming sky-high

Yesterday, Bitcoin (BTC) pushed past the $12K mark for a bit, a critical hurdle that has not been overcome since the beginning of September. The mainstream cryptocurrency has been on an uptrend lately and surging ahead. From its momentary push past the 12K mark, BTC has fallen back slightly, trading north of $11,925.00 at the time of writing.

Currently, bulls are anticipating the digital asset’s surge above the psychological threshold of $12K and experts are hoping that it will turn into a support level. Market experts have been excited when studying BTC’s movements, as it seems as though the digital asset is finally slowly decoupling from traditional markets, surging while stocks have been bearish.

Pompliano’s advice for BTC’s next run

In addressing the Bitcoin bull run, Anthony Pompliano, the famous co-founder of Morgan Creek Digital, offered some advice to investors. He said:

“Important message as we enter the next Bitcoin bull market:
BTC is very volatile; you can lose all of your money; only invest what is ok to lose; Twitter is not investment advice; Don’t buy BTC with credit cards; Keep low time preference; Do your own research.”

The famous Bitcoin investor has also taken it upon himself to educate investors on crypto investments, usually discussing BTC and blockchain-relevant topics on his own podcast show “The Pomp.”

BTC bull Pompliano on the US’ plans for CBDC

Recently, he also commented on the US’ decision to develop central bank digital currencies (CBDC), saying that the American government was not speedy enough in deploying a digital currency. The comments from Pompliano refers to US Federal Reserve Chair Jerome Powell’s speech on CBDCs, where Powell said that the United States was looking to do it right, as opposed to issuing a digital currency speedily. On his YouTube show, Pompliano addressed the topic and said:

“This is a right-now thing, and if they don’t act, the U.S. is going to fall really far behind China because it all comes down to accessibility.”

Bitcoin Becomes the “Ultimate Safe Haven” as BTC Fights Off Stock Correlation, says Anthony Pompliano

Bitcoin has been sustaining its price above $13,000 for a while and has since decoupled with the stock market. As reported by Blockchain.News earlier, Bitcoin’s price and the S&P 500 correlation has dropped to 0, which has not been seen since May. Bitcoin’s price and the stock market decoupling could only mean good news for the cryptocurrency.

Co-founder of Morgan Creek Digital, Anthony Pompliano said that Bitcoin could not be more correlated to the stock market than it is now while citing Santiment’s tweet. He highlighted that Bitcoin outperformed stocks, bonds, gold, oil. Pompliano stated:

“Bitcoin is the ultimate safe haven & the market is proving it.”

Pompliano, also known as “Pomp” further elaborated in a series of tweets to defend accusations that said Bitcoin was a poor store of value.

Bitcoin (BTC) dropped to around $3,600 in March, as the COVID-19 pandemic hit the United States. Around $1 billion in Bitcoin futures contracts were liquidated, causing the Bitcoin market to crash.

However, Bitcoin is currently now in a very different position, as it has been trading on massive bullish momentum, above $10,000 for the longest period since 2017. $10,000 has been a strong support level for a long period of time. Pompliano said that the pandemic led to uncertainty and chaos across markets in March and April, prompting sell orders of any asset with a liquid market.

Bitcoin has been trading up by 300 percent since March, and 83 percent year-to-date. Explained by Pompliano:

“During liquidity crises, all asset correlations trend towards 1. This was temporary thing & happened to gold stocks, etc. Today Bitcoin’s correlation to the stock market is at 0. It could not be more uncorrelated than it is now.”

Just over a month ago, crypto analyst Willy Woo explained that if a massive stock market crash were to occur, Bitcoin and the stock market will eventually break its correlation. Bitcoin, having suffered a sell-off due to the stock correlation with Bitcoin at the time. He said:

“SPX looking very weak, if that plummets, I’ll go out on a limb as say BTC will decouple in coming months. Post halvening and reduced derivative trading volumes fundamentally reduce BTC’s sell pressure against bullish fundamentals of an anti-inflationary hedge.”

Turns out that Bitcoin’s decoupling prediction by the crypto analyst did come ahead of time, and even without a massive plunge in the stock market. Woo later backed his claim by saying that Bitcoin’s internal adoption would also be a key, which could mean that PayPal, Square, MicroStrategy, and a few other firms adopting the cryptocurrency pushed Bitcoin’s price higher.

Woo added that the fundamentals of user adoption have already broken all-time highs, and could continue on this trend as many more institutions enter the crypto market.

Bitcoin Bulls Buy the Dip as Analytic Firm says BTC Price Recovery is Optimistic

Bitcoin’s price has recently corrected after weeks of making straight gains. The world’s largest cryptocurrency is currently trading at $17,323 at press time and is down by 3.5 percent in the past 24 hours.

Bitcoin’s price has failed to restest its all-time high, however, its price almost doubled since the start of September, which triggered an explosive rally. Bitcoin’s price rally was triggered when the cryptocurrency moved past its long-time resistance level at $12,000, and that PayPal would be supporting cryptocurrencies.

Upon retesting its all-time high, Bitcoin’s price retraced and crashed by over $3,000, however, it has remained above a few support levels. Bitcoin bulls are now motivated to buy the dip before BTC gains further bullish momentum. Anthony Pompliano, co-founder at Morgan Creek Digital and Bitcoin bull has recently announced on Twitter that he has bought more Bitcoin during the dip:

“I bought more bitcoin last night. I bought more bitcoin this morning. Dollar cost averaging and multi-year time horizons allow you to view price decreases as opportunities to buy a great asset on sale.”

Pompliano hit 400,000 followers on Twitter recently, and Bitcoin skeptic, Peter Schiff responded by saying:

“Congratulations to @APompliano for hitting 400K Twitter followers. You’re almost 100K ahead of me. However, I may have a chance to pass you after the #Bitcoin bubble deflates and real #gold remains the best safe haven and store of value left standing.”

Renowned Bitcoin critic Peter Schiff has long expressed his views on why he believes gold is better than Bitcoin. He believes that it is more efficient to use gold as a payment method than it is to use gold. Schiff said that gold is money and that Bitcoin is not.

Data from crypto analytics firm Santiment shows that Bitcoin has shown some red flags lately, including a high BitMEX funding rate, high social volume and mildly declining network activity. Santiment noted that Bitcoin’s BitMEX funding being sky-high is a modest concern for Bitcoin bulls.

The crypto analytics firm further noted that the ability for Bitcoin to reach $19,000 again would rely on Tether on exchanges remaining low. Santiment explained:

“The ability for #Bitcoin to return to $19k and beyond will likely coincide with $USDT on exchanges remaining low. #Tether exchange supply rises are reliable profit taking opportunity signals for $BTC.”

However, the analytics firm noted also noted that daily active addresses for BTC is still looking bullish in a long-term rising pattern, which is one of the best leading metrics to predict future price growth. Santiment concluded that this is a reason to be optimistic about a price recovery.

Bitcoin’s Market Cap is Likely to Eclipse Gold, BTC Price Valuation at $146,000 is Conservative, says Pompliano

Bitcoin has recently reached another new all-time high, breaking past the $40,000 level. Bitcoin’s price has faced a steep correction shortly after, taking BTC down to $38,717 at the time of writing. Bitcoin’s all-time high was double its previous all-time high, at $20,000.

Although Bitcoin has corrected sharply, the world’s largest cryptocurrency is still up by over 33.9% in the past week, and is up by 11.9% in the past month. As Bitcoin’s price retraced, it has taken the rest of the cryptocurrency market down, especially the large cap altcoins. Ethereum has seen a correction of 1.3%, Litecoin (LTC) has dropped 3%, Cardano (ADA) has fallen 15.3%, and Polkadot (DOT) slumped 9.1%.

What to expect after $40K Bitcoin, $1 million BTC?

Anthony Pompliano, the founder of Morgan Creek Digital said that JP Morgan’s valuation of Bitcoin at $146,000 is still conservative. Pompliano elaborated:

“Bitcoin is at least 10x better than gold in every way. If you just think of a Bitcoin product that is 2x better, and the market cap follows that, that would put Bitcoin and $1 million a coin, just 2x gold’s market cap. […] Both gold and Bitcoin are sound money principles. Gold is the analog of sound money principles. Bitcoin is the digital application for sound money principles.”

According to Pompliano, there is no digital product that could replace the physical analog products and yet is smaller than the analog products. He believes that it is a foregone conclusion that not only is Bitcoin’s market cap is going to flip gold’s, it is just a question of how much bigger is BTC going to be, compared to the yellow metal.

The Morgan Creek Digital founder also said that every institution on Wall Street would be buying Bitcoin. He said:

“Every single corporation, both the United States and outside of the US is going to put Bitcoin to their treasury. They’re going to have to. We’re watching central banks around the world stuff the economy with liquidity.”

He further noted that gold has served this purpose in some treasuries, however, Pompliano believes that Bitcoin is being underestimated. He believes both public and private companies are going to include Bitcoin in their respective treasuries, which creates a “wall of demand” that people are not accounting for.

Pompliano explained that institutions and corporations may push Bitcoin’s price higher in the future, as Bitcoin’s supply slowly vanishes, to encourage sell orders. However, Pompliano also warned that there would be heavy volatility ahead, he expects at least 20-30% drops.

Holding Gold While it Depreciates is "Insanity" says Anthony Pompliano

iBitcoin investor and activist, Anthony Pompliano has a message for Gold bulls, amid the general bull run of the cryptocurrency market. Pompliano believes that holding Gold while its value or price is contracting is not a wise move for investors.

The price of Gold has lost the luster which it earned in mid-2020 amidst the coronavirus pandemic where it surged with increasing use as a hedge against inflation. Gold hit its all-time high (ATH) price in 2020 which was pegged at $2,058.40, but the traction that stirred the price hike lasted but a short time.

Pompliano shared the chart depicting the six months price dip of Gold from September 2020 through February 2021. From the ATH price, in September, Gold dipped as low as $1,780 an ounce in December and currently trading around $1,800 this February. While the asset may appeal to more conservative investors as is being shilled by Peter Schiff, stocking up on the asset in place of Bitcoin with an unprecedented rate of growth is unexplainable, at least, to Anthony Pompliano.

Is Bitcoin The Better Asset Choice?

The push for a more resilient hedge against inflation that is backed by futuristic technology has lead a lot of people to embrace Bitcoin (BTC). Beyond its primary role as a digital currency, Bitcoin’s role as a store of value has increased its valuation remarkably, over the years.

While Gold shrunk towards the end of 2020, Bitcoin picked up pace in that period, beginning a bull run that stirred its price beyond $47,000, its new all-time high. Many prominent crypto inventors have advocated for the shift to cryptocurrencies particularly Bitcoin, Ethereum (ETH), and Decentralized Finance (DeFi) tokens amongst others.

That Bitcoin will continue to surpass gold per rate of gain in today’s digital world is a projection that many also see as likely.