The Pomp Letter is a newsletter for investors interested in learning about Bitcoin, finance, and technology. Our audience includes some of the most legendary investors on Wall Street. We work hard to bring you actionable insights on what’s happening in the economy. Subscribe now & join our community of over 150,000 investors!
We're living in unprecedented times. The US Government has created more than $5 trillion in less than a year, a number so large it’s hard to grasp. Interest rates are virtually zero and unlikely to change anytime soon. This environment will push asset prices (i.e. stocks, real estate) higher and erode the value of the US dollar. More than ever, it's risky to hold cash. The best thing to do is get into investable assets.
And there's no asset that has outperformed Bitcoin. It has grown at 200% per year over the past decade. Bitcoin is the answer to undisciplined monetary policy. Over the past few years, we’ve written about Bitcoin and its place in a quickly-evolving global economy.
In August 2018, we explained why BTC was more likely to retreat to $3,000 (a 50% pullback at the time) before we see $10,000 again. In June 2019, we wrote about why we thought BTC would likely hit $100,000 before December 31, 2021.
In March 2020, as the pandemic took hold, we anticipated total QE would end up exceeding $5 trillion. And that this would drive an influx of investors to Bitcoin, seeking an inflation hedge. This occurred right before the supply shock from Bitcoin's halving in May 2020. Our conclusion was that Bitcoin would outperform any asset class over the next 2 years as we survive and exit the pandemic.
This is not investment advice. It’s important to do your own research. We aim to be a part of that research, helping distill complex trends and ideas into simple terms. To better understand what's happening in the global economy, and what to do about it, join The Pomp Letter today.
As a free subscriber, you will receive The Pomp Letter once per week. If you want to receive the letter five days a week, you can become a paying subscriber, which also helps us do what we do. The daily letter summarizes recent trends and private conversations with industry insiders. It also offers my insight into how to navigate a quickly evolving landscape. To join the most informed investors in the world, become a paying subscriber today.
For more, check out the Pomp Podcast (Apple, Spotify, all other players), where Pomp talks to the most interesting people in business, finance, and Bitcoin. Below are a few of the most popular episodes:
#258: Billionaire Chamath Palihapitiya on How To Invest Through This Crisis (Apple, Spotify)
#270: Mark Cuban on What He Would Do As President (Apple, Spotify)
#271: Cathie Wood Explains Why Innovation Thrives During A Financial Crisis (Apple, Spotify)
#392: Dave Portnoy on Barstool, Betting, and Bitcoin (Apple, Spotify)
#444 Raoul Pal on Bitcoin & The Macro Economy (Apple, Spotify)
Thank you again for your support!