The co-founder of Morgan Creek Digital Anthony Pompliano recently gave Bitcoin a better definition that adds more value to the purpose of the digital currency, especially in the financial market.
Anthony Pompliano, in a recent session of Real Vision, revealed what more he thinks about Bitcoin than the belief of most people.
In the Real Vision episode anchored by Raoul Pal, a former hedge fund executive and investor who runs Global Macro Investor, Pomp noted that he considers Bitcoin as “the absolute apex predator in financial markets.”
He explained that many are actually underrating the potential of Bitcoin in the global financial market. Pomp said similar to the way digital things overturned analog things, Bitcoin has the potential of redeveloping the global financial market.
While echoing that most people in the cryptocurrency industry are underestimating the potential of the cryptocurrency, the Morgan Creeks Digital partner said he’s optimistic that Bitcoin would be the “next global reserve currency.”
Not just the hardest soundest form of money, Anthony Pompliano said Bitcoin is the complete and perfect apex predator in the financial markets.
He further explained that most people in the finance industry have failed to understand the supremacy of digital products over analog. He added that cryptocurrency (digital assets) are not just superior over the analog versions, “but it also never… smaller.”
In the Real Vision episode, the Bitcoin lover and investor downplayed the belief that gold is a scarce asset. He regarded the statement as a myth that has no proof, whereas Bitcoin’s scarcity, as a store-of-value asset, has been proven sufficiently.
Anthony Pompliano challenged anyone who thinks gold is a scarce commodity to prove it. He said, unlike Bitcoin, the scarcity of gold cannot be proven.
Substantiating that Bitcoin is actually scarce, Pomp explained that there is 21 million BTC existence, and it cannot be increased. He said the circulating supply and the exact daily incoming supply of Bitcoin can be shown to anyone around the world, whereas no one can show that of gold, hence it is estimated.
Bitcoin is proven, but gold is a narrative, Pompliano said.