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Author Topic: Anthony Pompliano holds 50% of Net Worth In Bitcoin  (Read 398 times)
Prateek_sharma (OP)
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August 07, 2019, 06:49:30 AM
 #1

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?
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August 07, 2019, 07:08:06 AM
Merited by dbshck (4), theymos (2)
 #2

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.  Roll Eyes

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

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August 07, 2019, 07:14:12 AM
 #3

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?

Brother, you either go all the way or not at all, fucking poser bitcoin supporter. 100% that shit, all in!



Don`t tip your toes in the water, jump in the pool!, it is nice.
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August 07, 2019, 07:25:28 AM
 #4

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.

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August 07, 2019, 07:48:14 AM
Merited by theymos (2)
 #5

Might be too high for most of us, it's probably the case that if he lost 50% of his net worth, he still would be living comfortably with his multiple income streams(all those interviews, Morgan Creek Digital, Off The Chain Podcast, probably more). And to add to that, he's simply very interested in bitcoin; not like some people who put majority of their funds just because "moon" without knowing much about it.

It's more understandable to allocate bigger percentages in Pompliano's case, and with most people in the bitcoin and cryptocurrency space who are actually enthusiasts in my opinion.

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August 07, 2019, 09:43:21 AM
 #6

50% in bitcoin... Man has balls, I wonder how much money he holds in other cryptos and altcoins, I would estimate around 10%. The biggest and most important question would be, how much did he buy, and what price was the BTC bought? It'll be very interesting...

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?

Brother, you either go all the way or not at all, fucking poser bitcoin supporter. 100% that shit, all in!



Don`t tip your toes in the water, jump in the pool!, it is nice.
No, I don't think this is smart if it's a legitimate post. Look at the recent months and how volatile BTC has been going - no one wants to wake up and see 20% of their life savings gone down a drain, no matter how rich you are.

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.
I'd like to see that as well, would be interesting.


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August 07, 2019, 10:34:41 AM
Merited by BitHodler (1)
 #7

I have around 75% of my net worth in Bitcoin. I get why people think it's so dangerous and whatnot, but people who have been early enough had the opportunity to enjoy the massive ride up. It's just that the wealth in Bitcoin throughout the years has massively outperformed the wealth you have in fiat, and this will continue until Bitcoin has reached its whatever near million price.

If it wasn't for Bitcoin to have outperformed the fiat net worth of OG's, they wouldn't have that kind of allocation to Bitcoin, because no one with a rational mind is pumping half (or more) of his wealth in an asset, regardless of what it is.
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August 07, 2019, 10:36:55 AM
Merited by BitHodler (1)
 #8

He was asked how much he invested, he responded with how much he has.

He might have laid out 2% of his net worth that's grown to 50%.

As for me I put in somewhere around 30% back in the day. Now it's somewhere around 95% with no plans on the horizon to change anything.
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August 07, 2019, 10:51:24 AM
 #9

As for me I put in somewhere around 30% back in the day. Now it's somewhere around 95% with no plans on the horizon to change anything.

Same here, almost all of my money are in Bitcoin, although I do plan to start selling at the end of this cycle and drop the number to 20-40% and use my profits to invest into something safer, like real estate or bonds. But I will always hold at least some Bitcoin, because there's always a chance that it will break a million or two, and I know I'll be really sad if that will happen and I will be without any coins at that moment.

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August 07, 2019, 11:08:51 AM
 #10

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
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August 07, 2019, 11:11:59 AM
 #11

Forget 50%. My portfolio consists of 75% BTC and the remaining 25% is spread out between various altcoins and I am a very happy HODLER. Altcoins surge like crazy once in a blue moon while BTC does it a lot more often.

BTC will always be the safe investment, but there are coins that are emerging as good alternatives in this department like Grain etc. Do your research and invest wisely.

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August 07, 2019, 11:44:57 AM
 #12

Doesn't matter for him because even if he completely loses 50 percent of his wealth he will still be super wealthy unlike most of the population.  Say bitcoin had another devasting inflation bug or something he will still be living a good life if it crashed.  People that are barely scraping by shouldn't be putting most of their money into a very risk asset.
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August 07, 2019, 01:33:42 PM
 #13

We really shouldn't be surprised at one such statement, he is maybe saying truth, but there is always a chance that he is exaggerating a little, or it is maybe better to say that he is saying what some people want to hear. If you invest in something, and you are an influential person, then you can try to manipulate the masses by saying : "I invest xx% in that, you should also do that", and others may follow this advice.

Risk is something that is an integral part of investing, and with Bitcoin this risk is not only in price, but in security of that digital property. In most cases when you lost Bitcoin in any way, it was lost forever.

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August 07, 2019, 02:54:52 PM
 #14

I think it's normal. One has to invest in whatever one believes and the sum should be the one that the investor can afford to lose. We're not talking about a guy who wouldn't survive without this money. And Bitcoin indeed seems to be the best investment with relatively low long-term risks and very high potential profits. Plus this guy is young, so willing to explore his options and take his odds of winning. I would not even be surprised if he had the majority of his net worth in Bitcoin, actually. And I know people for whom their BTC is almost everything they have.
Really mad guy.. This is too risky
But what isn't? We're talking about investments here, they are always risky. People used to think that the housing market was a very safe investment until it wasn't in 2008. And some still find gold an attractive investment, but just look at gold's price dynamics over the last 5 years and you'll see that you are not likely to lose much with it, but you won't really profit from this investment either.

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August 07, 2019, 03:02:27 PM
 #15

We really shouldn't be surprised at one such statement, he is maybe saying truth, but there is always a chance that he is exaggerating a little,
Probably not exaggeration, but more of slightly misunderstood in my opinion.

I assume that the dude has been in the crypto for a few years now, and he owns a podcast(off the chain) which I assume earns a lot of money(in bitcoin) due to the promotions from his 140+ podcasts already. It might be the fact that his net worth holds 50% due to his early buy ins + podcast earnings, but it doesn't necessarily mean that he used 50% of his fiat to buy BTC, which I think some people might assume.

or it is maybe better to say that he is saying what some people want to hear. If you invest in something, and you are an influential person, then you can try to manipulate the masses by saying : "I invest xx% in that, you should also do that", and others may follow this advice.
Maybe. There are bitcoin "influencers" that claims to have only a very small percentage on bitcoin though, like Saifedean Ammous. If I remember correctly his net worth in bitcoin is sub 5%.

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August 07, 2019, 03:08:17 PM
 #16

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?

Pomp is a guy who truly believes in Bitcoin. The man is simply putting his money where his mouth is. He shows intense passion in Bitcoin but stops short in being too aggressive to the point of appearing disagreeable. I like the way he remains calm and composed all the time in the midst of various tirades against Bitcoin.

Investing at least 50% in Bitcoin is happening to me right now. Let us be clear on it though, I am talking about investment; I am not talking about my net worth. For sure, I wouldn't put half of my little net worth in Bitcoin. That sounds very difficult in my situation right now. But in terms of my investment, Bitcoin holds at least 50% dominance. The rest are diversified not just within crypto but also somewhere else.

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August 07, 2019, 03:12:48 PM
 #17

Almost everyone running a Crypto business of some sort has more than 50% wealth in Crypto. This might appear risky or surprising for the people of FIAT world, but this is reality. Changpeng Zhao, Roger Ver, Jihan Wu, Arthur Hayes, Jesse Powell, Erik Voorhees or our very own theymos... same story everywhere. But, there is a catch. These people are not buying Crypto with FIAT to have more than 50% in it. They are earning Crypto. And if they try to convert it all in a sudden, they'll attract huge tax. Hence, this HODL ratio.

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August 07, 2019, 03:20:07 PM
 #18

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 have a huge passion for bitcoin but I can't invest 50% of my net worth in bitcoin and we can't be sure if Pompliano is definitely telling the truth.
I'm sure this will affect the price of the bitcoin market in coming days.


Really mad guy.. This is too risky
Yes, investing one's 50% Net worth into bitcoin is risky but I don't see it as a mad decision for someone like Pompliano which understand perfectly well what crypto investment entails.

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August 07, 2019, 07:39:08 PM
 #19

Why do people assume he put 50% of his worth in Bitcoin? As said a few posts above, one grows his Bitcoin worth to 50% and beyond by having entered at much lower levels. It's pretty much common sense.

My Bitcoin worth is well over 50% as well, and that while I in total have put in like 5-10% years ago. I would have more than 50% if I didn't cash out some to fiat back in 2017 and early 2018. Bitcoin did me well in my life.

I do wonder what Anthony's endgame is though. He's quite vocal about Bitcoin reaching very high price levels, but these price levels even if met, aren't worth anything unless you cash out or spend hard.

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August 07, 2019, 09:59:00 PM
Merited by dbshck (4), BayAreaCoins (1), Herbert2020 (1)
 #20

For years, I have had well over 50% of my net worth in BTC, but objectively-speaking it is very risky to have so much invested in any one thing.  It'd be risky to have 50% of your net worth in MSFT, too. I definitely wouldn't recommend such a high BTC allocation to normal people at this point; something like 5% BTC and 5% gold may be a more reasonable recommendation. Maybe in a decade or two, somewhat higher allocations will look OK.

Risk-wise, there's no difference between putting 90% of your net worth in BTC now and "riding BTC up" to the point where you now have 90% of your net worth in BTC. If BTC crashes, you lose the same amount. If you're in a position like this and you wouldn't put that much of your net worth in BTC now, then you might be exposing yourself to more risk than you should.

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.

IMO the entire worldwide economy is dominated by the effects of money-printing. So much money was printed from 2008 onward (and given primarily to financial institutions) that we ended up with things like negative bond yields and ridiculously-inflated stock prices. The reason that the CPI doesn't increase very much is that when the money was printed, it ended up fairly concentrated, and a person or highly-regulated business can only spend so much money. The glut of money goes to various investable assets, not typical goods/services. With this in mind, the entire fiat economy begins to look a bit like a ponzi scheme, or like ultra-manipulated coins like XRP, and I'm not super enthusiastic about participating in it. That said, there are so many people playing this game that it could go on for a very long time; I wouldn't for example say that it's always a bad idea to buy bonds, and in fact I do own some traditional investments.

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