Anthony Pompliano: Bitcoin is the Online World’s Optimal Solution, Needs a Digitally Native Asset
The founder of Morgan Creek Digital, Anthony Pompliano, has recently tweeted about Bitcoin and its relation to the digital world.
According to Pompliano, the reason why people have such a hard time understanding Bitcoin is mostly because the asset was not specifically made for them but for the machines.
According to his recent blog post, all physical assets like stocks and bonds may have been useful for the “analog world” in the past and the world is going digital now and these assets have zero utility now.
Humans are simply slow and inefficient machines.
Crypto isn’t being built for us though. It is being built for the efficient, global machines that will soon run the world.https://t.co/0jtM4nn5dM
— Pomp 🌪 (@APompliano) February 25, 2019
He envisions a world without borders that connects everybody around the world and it is considerably more efficient in transmitting money and information because of this. This way, the value of the assets would increase if they are more efficient because we need efficiency now.
This had led him to affirm that “a digital world needs digitally native assets” and that Bitcoin can be the perfect solution for a new digital world. Bitcoin is transparent and fully compatible with machines, very unlike traditional money and stocks.
He believes that this will eventually increase the adoption of digital money and to catapult global a new world of digital transactions. According to him, tokenized security will also rise in prominence as people will “smart security” in order to protect their assets.
Digital assets would empower people to have a whole new world of ownership and the technology of things like Bitcoin will be necessary in order to deal with this innovation. You will not need to own equities anymore, but actual individual divisions of a single company, all due to the technological advancements that we are seeing right now.
Pompliano believes that this will cause a revolution that will completely reorganize how individual parties trade and make business decisions. It will have less counter-party risk, greater efficiency, higher degrees of trust and more transparency.
According to the specialist, in less than a decade smart securities will be already being used by major institutions and important investors. The world will migrate to digital currencies in a whole new digital world.
After affirming that, he concluded that the role of the people who work in the industry today is ensuring that people will have the necessary help to be able to improve our world.