Anthony Pompliano, founder and partner at Morgan Creek Digital Assets, joins “Squawk Box” along with Shark Tank’s Kevin O’Leary to discuss the latest surge in cryptocurrencies amid a market sell-off.
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Watch Shark Tank's Kevin O'Leary challenge the bull case for Bitcoin
Anthony Pompliano, founder and partner at Morgan Creek Digital Assets, joins “Squawk Box” along with Shark Tank’s Kevin O’Leary to discuss the latest surge in cryptocurrencies amid a market sell-off.
source
Bitcoin is a tulip bulb!
I laught when Kevin says "real money, real dollars" 😀
You cant blame Kevin. He is old. He cant imagine.
Old man yells at cloud
1:57 where did u find that moron who has zero knowledge about BTC n decided to talk garbage ** garbage in, garbage out ** he's too retarded to understand that technology n the idea behind it ** his shit paper produced $$ can be worth nothing since it's the biggest legalized banksters' fraud in the world
Kevin can challenge Bitcoin and I think it's healthy to do so, but to do it in such a CUNTY way….he looks like a dooooosh.
Bitcoin, think about it this way. The worlds most valuable currencies have the lowest volatility….thats the whole point. Bitcoin has massive volatility and should be thought of less because of it.
Pomp got beat up lol
Btc is Chinese drywall
Come on Money isnt Backed by anything other than people believing in it and O leary doesnt like it because one day he will say hey guys here is a million bucks and people are going to say "we dont take that"
Amazing work for the interviewed!
Also, Bitcoin’s a completely different animal than stocks! It’s not like in the stock market where you buy and, hopefully, it goes up and up and up with a few differences in a gain or loss of $1 or $5 per share. No, bitcoin either dramatically goes UP or DOWN! It doesn’t have as dramatic ups and downs as the public who’ve never invested in it assume, where it’s like “Oh, in 5 mins it gained to $19,900 or dropped to $3,300”. That’s not realistic at all. But in order to go UP bitcoin must first go DOWN, unlike classic stocks that go mostly up in value for the most part. Of course you’re supposed to sell your coins when they’re high and buy on the dip as low as you can. In one week a week or two ago I lost $5k! :O It really sucked. But I did the smart thing and didn’t sell until it went back to where it was before it took a nose-dive (like it typically does). Later I waited until the gains were a little shaky and I sold at a profit after all the losses were eliminated so that I wouldn’t have to start all over again from the beginning. My coins have typically been going either up or down by $1,000 weekly. So you could estimate about a $500 difference plus or minus per coin. So if I buy on the dip, I can earn about $4k a month with it. This old man’s a dumbass! He lost such a profit that I don’t really think he put anything in bitcoin. I’m almost assuming that his whole thing is basically an ulterior motive, whether consciously or unconsciously, to get more of the public to learn more about bitcoin. His method of investing in bitcoin was the dumbest way to put money into bitcoin and the easiest way to lose money on it I ever heard of!
Kevin O'Leary , where is the asset value in the dollar in the last century
This is such an endless debate both parties will never understand each other.
Kevin you dont loose until you sell, thought you knew that.
And after this debate BTC doubled LOL
Consolidation down to where BTC was the day of this debate before ascension once again.
When BTC reaches the market cap of gold, $8.5b…an individual BTCs valuation will be $450,000.
Bye bye fiat, buy Bitcoin
❤✌
In the two months since this interview Bitcoin is up more than 20%…First he buys the top and then fails to buy the bottom…Kevin's really bad at crypto. (Joking of course, I'm sure he'd be great at it if he paid more attention)
How many times Kevin said "cryptocrap"
Bitcoin king of the $hitcoin
Crypto crap lol love it
He described xrp
Totally clueless old man! Egomaniac. Can’t listen worth shit.
Damn, Kevin… Even my noob ass knew not to invest at $20k.
apomp smirking cause he knows he's right
Kevin O'Leary is so ignorant it's hilarious. Have fun watching from the sidelines.
Old man is rude to call Bitcoin as crypto crap..
He's going to eat his word soon.
Decentralized ledger is priceless, Bitcoin is undervalued always.
Kevin bought all coins on CB at one time… and lost money. That's what stupid traders do. Hes playing dumb, no rich person like Kevin invests all at one time. That's a dumb example that shows Kevin is not teaching real trading skills to his "students". Hes more about licensing. Just my opinion.
Can you even say real and dollars in the same sentence?
6:42 hahahahahahahaha
btc
@3:29, O'Leary bought $100 of Crypto 18 months ago. What Anthony failed to bring to bear was that 18 months ago (at the time of this video) Bitcoin was at its high of $20k….not a fair comparison. If O'Leary bought crypto 4 months ago when Bitcoin was $3200 he would be up 4x and be slightly up from his initial investment.
@6:27 O'Leary says all ships would rise in crypto. Historically (and currently), all crypto has risen and fallen together. Bitcoin generally rises (and in some cases falls) faster than the alts…
O'Leary's points are baseless.
When they say crypto has no intrinsic value, that just means they are too technically ignorant to understand this technology's intrinsic value. Crypto has immense intrinsic value across practically every industry.
So … it's less than two months later … if he would have bought in during this interview he would have a +50% return. If you assume traditional markets can make you 6% annually, this would mean that BTC provided the equivalent of 8.5 years of traditional returns within a 6 week period. This isn't a one-time occurrence either, BTC has been through numerous booms and busts and has continued to climb. We are still about two orders of magnitude away from reaching a steady plateau where BTC has enough liquidity to smooth out the growth and volatility. Traditional analysts are so focused on a two-month period in the ten year history of BTC because they want the narrative to hype up the stock market.
The idea that crypto has no intrinsic value is extremely ignorant. From his perspective, the Internet has no intrinsic value, since his assertion is that network effect doesn't matter and only tangible assets alone hold value, which hasn't been the case since he was a child. The idea that because technology can be copied makes the originator worthless has been debunked for decades yet it's the go-to claim from a reactionary establishment. Twitter, Facebook, Uber, AirBnB, Github, etc. can all be duplicated technologically with relative ease, it's the network adoption and use that makes them powerful. Look up Metcalfe's law for a better understanding of how this works.
BTC has intrinsic value by being the first decentralized, permissionless, borderless, immutable, global ledger. If that's too difficult to understand then look at it this way, governments and corporations can't control your earnings, not even through physical force. You can be a stark naked refugee with tattered clothes, no shoes, and not a penny in your pocket. With this technology, if you can memorize 12 words in your head, you can possess the power to hold your value simply with your mind. Never in the history of the human race have we possessed this power as individuals to not only maintain 100% control our earnings/value without physical risk, but also the ability to know that no entity can manipulate the supply.
Cut him off real quick when he said how the dollar is based on nothing at this point lmao
I bet that Kevin's jaw would drop into amazement if he was talking to Brad Garlinghouse about XRP.
Im not here to judge directly but Pomp is kinda such a liar and a thief of information to the public. Hes just telling this lines just to market. So people would invest and fund his company. But Most people see investing as waiting until the price drop. But until when ull start if you dont know the future ahead. Thats why kevin is so skeptical about bitcoin and as well as the marketer itself. Because its just a digital currency that can be manipulated overtime. Like the dollar do.
the old guy is scared of the future, his insistence on using the term "cryptocrap" demonstrates that he is harbouring resentment towards it which I suspect is because he doesn't understand it rather than simply having disbelief of it.
As a fellow Canadian I respect O'leary – but he is an OLD IGNORANT MAN – so many old rich people in his position are holding this back – little wonder
It is getting more than annoying now to hear these MSM shills show how mentally challenged they are OR they're paid to be stupid. Either way these MSM shills have proven themselves to be provably stupid.
Kevin will eat his words
Well this negative Nancy is going to be broke in the next ten years. Can’t wait to see him begging for Bitcoin in the near future. The champ here is the interviewee ? he’s the ?
Whine much, Kevin?
LOL
I taught a class at Harvard…humble brag humble brag
Your 100$ investment was done completely ignorantly…if you invested in the market like that, we'd lose worse than 70%…
Kevin is a douche. Time to buy more