Anthony Pompliano holds 50% of Net Worth In Bitcoin

[mk4]

As much as how risky putting 50% in bitcoin is, I personally think it's far less risky to put money today in bitcoin compared to a few years ago though. As days go by, the network goes bigger, adoption slowly increases, understanding towards bitcoin by the masses gets better, etc.

I've always suggested 5% in the past, but now I actually think 20% is decent(but yes, still risky as hell). But then again, it really completely depends on the person's financial situation.

[Herbert2020]

I don't consider it very useful to "diversify" into altcoins, BTW, since altcoins are mostly trash. As I see things, BTC almost is the cryptocurrency asset class, and if I were to design a reasonable/fair "broad cryptocurrency index", BTC would make up at least 95% of it.

the problem with investing in altcoins is not just about them being trash because even if they weren't, they are still following bitcoin! which means those who think they are "diversifying" into altcoins, are changing their money into something that moves (in fiat terms) smaller than bitcoin and whenever bitcoin falls they fall harder.

and in bitcoin terms they are always falling down. which is the common case with majority of altcoin investors since they invest their bitcoin (fiat > bitcoin > altcoins) and whenever bitcoin goes up like these days, those altcoins lose value against bitcoin which means these investors are losing a lot more money since they are losing their total BTC amount.

[darewaller]

On Aug 6th, Founder of the capital management firm Morgan Creek Antony Pompliano during an interview O’Leary asked Pomp how much he had invested in Bitcoin, Pomp responded that 50% of his net worth is in Bitcoin.

Will you believe in investing 50% on bitcoin?

Rather than him speaking in parable, he would have just gone directly to telling the world exactly how many bitcoin he holds, then let the public just be the ones to do the arithmetic for him. If he is just saying his net worth, how are we supposed to know his net worth, because what they record in the internet sometimes is not the truth about them.

If based on the way we imagine him to be rich and he said he has 50 percent net worth of him in bitcoin, then he should be seen as one of the whales that are manipulating the market, because he is not much of an institutional investor, so why would he own such amount of money in bitcoin other than for him to use it to manipulate the market and I am also sure that majority of his coins is gotten through manipulation.

[thecryptogandalf]

On Aug 6th, Founder of the capital management firm Morgan Creek Antony Pompliano during an interview O’Leary asked Pomp how much he had invested in Bitcoin, Pomp responded that 50% of his net worth is in Bitcoin.

Will you believe in investing 50% on bitcoin?

I watched that program ( https://www.youtube.com/watch?v=uznxKyt8ttY ) and yea it really sound so crazy when I first heard. But I dont think this guy is stupid and he explained why he did that in a very logical and rational way. And against the other sceptical people, he could easily hammer his points more but I think his attitude of not being combative is actually very helpful. He was really secure while defending his argument. I must say I am pretty impressed. Also for your notice how Kevin avoided his question by saying "No more than 5% in any one stock". Well, he's asking how much total do you have in the stock market. I think, Kevin lost his credibility in his argument when he couldn't answer the question directly.

[Artemis3]

I think it is very risky to have such high expose to a high risk investment option like Bitcoin. Only 15% of my total investment portfolio is in Bitcoin and other Crypto currencies, so if something goes wrong, I still have 85% invested into other options and I would be able to take a hit and still survive.

Younger people can still risk a higher percentage exposure to risk, because they have time on their side to recover, but older people should never have a high percentage of their total portfolio invested into high risk investment options like this.  

Everyone's situation is different and you should make decisions like that, based on your future needs.  

Of course the bigger the capital the more relaxed and safer options are at your disposal. Some people have to gamble it or would never make it.

15% of a thousand dollars, or 15% of a million? You can't answer that, but the smaller your capital the harder choice it is.

But what if this guy can afford to have half his net worth frozen? he can literally sleep over bitcoin taking a dive, and wait the needed years for its recover, some people just can't (again those with smaller capital to begin with).

Or as the saying goes, never afford what you can't afford to lose. Maybe he can literally lose half his net worth and still be fine, so he is gambling it.

I'd say, he will make it. But i don't know at what price he bought, bitcoin relative to fiat price will probably rise (slowing down overtime, but up).

Now if he depends on this investment, then he could get in trouble, as you say. Hopefully he doesn't depend on it and can sleep comfortably.

[jossiel]

I have watched the interview and that guy was shocked after hearing Anthony's total net worth in bitcoin.

What could be his reaction if he hears someone from the community who invested 80% - 100% of his total net worth in bitcoin? Just like Didi Taihuttu, the legendary guy with his family who bet it all on bitcoin.

And just like the one who sold his house and lot and cars and all his funds to invest all in to bitcoin.he even choose to live in bushes just to be in all investment for bitcoin

I think why Anthony said is legit and must be an example on how to trust this great coin

I must admit that I am not like him since only 20% of my net worth are in bitcoin(with altcoin as well)but I am putting amount monthly to be added for the future of my family

Yes that's Didi Taihuttu and the family. You don't have to admit anything and it isn't a big deal if your total net worth is just around 20% for bitcoin. This isn't all about how huge you have but how you trust the technology and bitcoin itself.

I keep on accumulating because I know that one day when its ripe enough to harvest, all of those days that we've waited will be worth it. For others who are just starting out still follow the suggestion of 'invest what you afford to lose'.

People who have a large percentage for bitcoin with their total net worth has huge risk tolerance.

[fulled]

Hes already rich, thats why he brave enough to put 50 of his wealth into bitcoin, but for most average people convert 50% of total asset to bitcoin is risky, me personally choose 15% to bitcoin, 15% to good POS coin like Cosmos and Ontology and and 70% of my saving amount goes to stocks/mutual fund account. I believe bitcoin is the future, but im not brave enough to bet high on bitcoin and crypto

[BitHodler]

I've always suggested 5% in the past, but now I actually think 20% is decent(but yes, still risky as hell). But then again, it really completely depends on the person's financial situation.

Bitcoin might have booked some serious growth throughout the years, but fundamentally speaking, neutral investors haven't really changed their mind yet-- to them it's still something that could lose its value overnight.

I would say that the larger your allocation to Bitcoin is, obviously the more risk you expose yourself to, but also how much confidence you have that it will be the revolutionary new gold that will take over the world.

It's essentially a bet on a good outcome, but one that has already been through so many hurdles. I'm personally not decreasing my Bitcoin holdings until the price has gone past the $100k mark.

By the time we have gone past the $100k mark I will take out some and very likely allocate it to gold or certain stocks of well equipped companies that pay out dividends so there is some form of a passive income.

[hulla]

Looks like he really believe in bitcoin or just want nice way of PR

Anthony Pompliano has proved himself to be a total crypto enthusiast by representing bitcoin through debation and volunteering himself for the crypto event but him investing 50% of his wealth in bitcoin is what I don't know if it is a truth.
If @Theymos could invest 50% of his then Pompliano might be telling the truth cause there will still be some people who also follow the step of theymos.

[Abolaji11]

Investing 50% of your total investment into a volatile bitcoin is definitely a big risk. I only invested 20% of my total asset. However, I can increase this in the future as bitcoin and other cryptocurrency gain more ground.

[gentlemand]

I've always suggested 5% in the past, but now I actually think 20% is decent(but yes, still risky as hell). But then again, it really completely depends on the person's financial situation.

What one's investment strategy would be if I were a fresh arrival is a very interesting question. I really don't know how I'd approach it now. There's still plenty of risk. Who knows how much short/mid term upside there is?

I'd probably be looking at several years out rather than trying to catch the next bubble. In that case 20% would feel like too much but I'd also be conscious of 5% producing a pretty piddling gain. As ever you have to balance the prospect of ruin versus it flying away without you.

We may be about to enter an interesting phase where many will be asking themselves the same question. It's way bigger and more established than it once was but it's still too wild for boggo investment however many will also feel they missed out on the really stupid gains so will shy away from it.

[Vishnu.Reang]

Is this the same guy who predicted that Bitcoin will spike to $100,000 per coin by 2022? If that is the case, then I am not surprised. I want to know when did he purchased those coins. I hope that it was sometime during 2018, when the prices had fallen to $3,000 per coin. Anyway, it is good to have so many of these celebrities investing in BTC.