This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 85,000 other investors today. To investors, I’ve spent the last few days talking with many of the smartest investors I know. My goal was to get an understanding of how they are thinking about various markets and assets, while also identifying what they are excited or worried about. Here are a few takeaways that I found interesting and/or worth sharing:
>It was interesting that majority of the investors I spoke with did not volunteer the fact that they held bitcoin.
The core maximalist thesis is that Gresham's Law will eventually make Bitcoin the global settlement currency. If this actually happens, then publicly disclosing bitcoin holdings (without adequate means and planning to protect yourself) will prove to have been a strategic error.
I own hardly any bitcoin, but I still try not to disclose that ownership to anybody.
Pomp - do you answer DMs here?
I'm a listener, subscriber, & investor in BTC, ETH, & LTC.
Other than LVL, what is the most cost efficient way to purchase those three cryptos?
I currently use Coinbase & the Crypto.com app for all purchases & transfers to BlockFi. Fees are high though. 🦧😬
Please advise.
Thanks man. 👌👊
Jake
Reno, NV
>It was interesting that majority of the investors I spoke with did not volunteer the fact that they held bitcoin.
The core maximalist thesis is that Gresham's Law will eventually make Bitcoin the global settlement currency. If this actually happens, then publicly disclosing bitcoin holdings (without adequate means and planning to protect yourself) will prove to have been a strategic error.
I own hardly any bitcoin, but I still try not to disclose that ownership to anybody.
I wonder if they hesitated on talking about bitcoin because they’re still trying to acquire it cheap?
I think he meant trillion
Billion or trillions?