“Most people don’t understand the latter but is simply put, Powell has shown that there is ZERO tolerance for deflation so they will do ANYTHING to stop it, and that is good for the two hardest assets – Gold and Bitcoin. Powell WANTS inflation. I don’t think he gets true demand push inflation but he will get fiat devaluation, in conjunction with the other central banks all on the same mission.”
He said that now, he has 80% of his assets in Bitcoin. The rest of the 20% is made up of real estate, cash, and early-stage companies. Most likely, many of those early-stage investments are in cryptocurrency-related companies, meaning his exposure to this space may be higher than 80%.
That Bitcoin allocation
BTC: 80%
Real estate / cash / early stage co’s: 20%

— paul andersen (@paul_d_andersen) October 18, 2020
On CNBC’s “Squawk Box,” Pompliano asserted that he’s so bullish on the cryptocurrency that he has 50% of his wealth in his asset. He did not disclose the exact dollar figure, of course, but such a large percentage allocation to Bitcoin is notable.
He said in a podcast that 80% of his wealth is concentrated in the leading cryptocurrency.
Long-time Bitcoin bull Anthony Pompliano made waves in a 2019 CNBC segment with Kevin O’Leary.
Pompliano isn’t the only one with skin in the game in terms of a Bitcoin allocation.
There are many that say Bitcoin is poised to see rapid appreciation in years ahead, but many don’t have much skin in the game. Investor and former Facebook team member Anthony Pompliano recently said this is not the case with him.
Respect for putting your money where your mouth is

Not the Only One With Skin in the Game

Per a recent podcast of Pompliano’s, he has not heeded the warning of O’Leary. He has not only not reduced his exposure to Bitcoin, he’s increased it.
Check out the full episode herehttps://t.co/1rFeUovuCk https://t.co/4YOLxRmyyb
Pomp’s asset allocation:

O’Leary, a Canadian businessman known for his appearances on “Shark Tank,” said that he didn’t think that was his idea.

On why he is so bullish on Bitcoin, Pal said:
Thx for answering my question on today’s pod @APompliano.