Morgan Creek Digital’s Anthony Pompliano: “Bitcoin is Not Trying to Rival Established Fiat Currencies”


As many of us well know, since the start of 2018 the crypto sector as a whole has been in the grip of extreme bearish market conditions. While many had hoped that the past few months would see a whole host of institutional investors enter this space, however, due to various governmental restrictions (across the globe), a wide array of retail investors have not been able to make use of this market fully.

In this regard, Anthony ‘Pomp’ Pompliano, the head of Morgan Creek Digital Assets, recently sat down with Blocktower CIO Ari Paul, to discuss the future of the crypto market and why they expect more institutional investors to enter this nascent space in 2019.

Details Of The Conversation

Starting off their conversation, Ari noted that all through the year the crypto market had been infected by a whole lot of FUD and FOMO (which had caused investors to scamper and cash out untimely).

On the matter, Paul then went on to add:

“So I think there’s one more step to how this always unfolds, which is, you need the success data point. But then, the phrase I like that applies to so many circumstances with anything kind of market psychology or investor psychology is fear verses FOMO, what is the driving force for the investor in that time? Is it fear of loss, fear of career risk, fear of looking stupid, or is it fear of missing out?“

If that wasn't enough, he also went on to say that with Yale entering the altcoin domain, it would not be surprising to see their investment returns rise up by over 200% within the coming 4-12 months.

Lastly, Ari believes if more big-name players like Yale continue to enter this space, the perception of the investment community towards the crypto market would change quite substantially (in a positive way, of course).

Pomp:

“Bitcoin has been the best performing asset class of the past ten years”

Keeping the discussion going, Pompliano then went on to point out to Ari that Bitcoin had already established a successful data point and that the premier altcoin has been one of the best performing assets in the market over the past 10 years or so. Not only that, despite Bitcoin facing a barrage of negative market pressure, the currency is still up 400% up (over the last 24 months)

In response to this, Ari Paul was quoted as saying:

“The decision making process plays out like this, if you’re not looking at the abstract picture, you’re competing psychologically against specific players. So within the the endowment world, Harvard, Yale, UChicago and UPenn don’t care about how sovereign wealth funds in Dubai did, they don’t care how a pension fund in Japan did.”

Final Take

It is always good to see established crypto personalities like Anthony Pompliano and Ari Paul sit down for discussions such as these since they put forth a host of unbiased and researched opinions for their listeners (unlike various mainstream media outlets who always resort to using biased data). However, with that being said, we have to realize that the current state of the global altcoin market is quite poor and that moving forward more large-scale investment needs to enter this burgeoning domain.

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