2025-05-08 21:32:09
To investors,
There has been fear and maximum negativity dominating financial markets in the last few months. All the pessimists are wrong though. I believe things are about to get very crazy in markets.
The sell-off in stocks, bitcoin, and other assets earlier this year was based on uncertainty. As we get clarity on the economic policies of this administration, we should expect asset prices to aggressively recover. But the thing is that asset prices have already recovered without total clarity — the S&P 500 is only down 4% year-to-date, while bitcoin and gold are both positive.
Given this recovery has happened without a single trade deal announced or the Fed cutting interest rates suggests we should see new all-time highs in various asset prices before the end of 2025. Why? Because the trade deals and rate cuts are coming.
The President announced this morning that his administration will be revealing a comprehensive trade deal with the UK later today. Although it is only the first deal, the market will likely be excited about progress and momentum. They want to know that the President and his team are going to be able to execute these trade deals. Announced deals brings certainty and certainty brings higher asset prices.
You can see this clearly in the bitcoin price today — the digital currency is knocking on the door of $100,000 per coin again. This is after the asset traded down to about $76,000 just a month ago. The rapid recovery in bitcoin and other assets have also brought enthusiasm back into the market.
Green candles have a way of putting everyone in a good mood. So my expectation is there will be more trade deals announced throughout the summer. How many? I don’t know. How robust or comprehensive will they be? I don’t know that either. But I don’t think it matters much. The market doesn’t care about the specifics of the deals nearly as much as it cares about the deals signifying the disappearance of uncertainty.
Which brings me to my next point — the Federal Reserve will have to cut interest rates in the coming months. Inflation remains at depressed levels according to alternative, real-time inflation metrics. These alternative readings usually show up in the government’s data a few months later, so we should see the falling inflation numbers continue through the summer as well.
As inflation continues to prove less of a problem, the Federal Reserve will be pushed to lower the interest rate to ensure that cheaper capital can come into the market. If the central bank doesn’t do it, there is a risk of an economic slowdown. No one wants an economic slowdown.
In fact, the President will likely go hard at tax cuts and deregulation to spur economic growth. The Fed will cut rates to pursue the same goal. And, of course, whether we like it or not, many politicians are going to do their best to print money and stuff it in every corner of the economy. Thankfully, this administration seems to be more focused on budget issues than previous administrations, but that doesn’t mean the national debt won’t continue to go higher.
So if you think about where we are — we have asset prices in a neutral to positive position. This all happened without policy clarity, announced trade deals, or interest rate cuts. If we get those three things in the coming months, asset prices will push higher and investors will have amnesia about their ridiculous freak-out just a few weeks ago.
The market is a voting machine in the short-term and a weighing machine in the long-term. Nothing has structurally changed about the US economy. It was all media-induced fear that pervasively spread like a mental virus through the investment community. Some people were immune to the distraction, while others fell ill when they came in contact with it.
You can’t change the past. However, you can position yourself to benefit from what is coming on the horizon. The good times are going to roll again. We may party like it is 2021 again. Just make sure you apply whatever lessons you learned last time, so you don’t make any mistake twice. That is what learning is about. That is why most of us are drawn to the intellectual challenge of investing. And we should thank the market gods for giving us another chance at such an attractive setup.
Hope you all have a great day. I’ll talk to everyone tomorrow.
- Anthony Pompliano
Founder & CEO, Professional Capital Management
🚨 READER NOTE: Polina Pompliano published an in-depth profile of Ryan Serhant, the entrepreneur using his social media following to build a multi-billion dollar real estate juggernaut. She followed him around for a day, spoke to more than 20 people in his orbit, and got his competitors to go on the record with their true feelings about Ryan. Lastly, my favorite part is when Ryan tells Polina that he is driven by revenge against the gatekeepers who tried to keep him out of the industry. You can read the full piece here.
Anthony Scaramucci is the Founder and Managing Partner of SkyBridge Capital.
In this conversation we talk about bitcoin, tariffs, economy, Trump, and his brand new bitcoin book.
Enjoy!
Figure Markets – Bitcoin backed loans so you can buy more Bitcoin with your Bitcoin or earn 8% lending cash to HELOC providers! Learn more about Figure Markets and their Crypto Backed Loans!
Maple Finance - Maple enables BTC holders to earn native BTC yield. Learn more at Maple.Finance!
Core - Earn trustless Bitcoin yield. No bridging. No lending. Just HODLing. Begin Staking Your Bitcoin.
Simple Mining offers a premium white-glove Bitcoin mining service. Want to grow your Bitcoin stack? Visit Simple Mining here.
Bitwise - America’s largest crypto index fund manager and the only Bitcoin ETF issuer that publishes its wallet address plus donates 10% of profits to open source developers. Learn more at BitwisePomp.com
BitcoinIRA - Buy, sell, and swap 75+ cryptocurrencies in your retirement account. Pay less taxes. Earn up to $1,000 in rewards.
BitcoinOS - The operating system for bitcoin applications powered by zero-knowledge technology. Check out @BTC_OS on twitter to learn more.
Gemini - The future is being built today. Go Where Dollar’s Won’t. With Gemini.
Xapo - Xapo Bank is the only way to bank with Bitcoin.
Polkadot is a scalable, secure, and decentralized blockchain technology aimed at creating Web3. Innovation leader, making it a preferred choice for big names.
You are receiving The Pomp Letter because you either signed up or you attended one of the events that I spoke at. Feel free to unsubscribe if you aren't finding this valuable. Nothing in this email is intended to serve as financial advice. Do your own research.
2025-05-07 21:08:12
To investors,
Gold has been dominating Bitcoin’s performance this year. The precious metal is up 27%, while bitcoin is only up 4% year-to-date.
But there is something fascinating happening — investors are pouring capital into the bitcoin ETFs at an unprecedented rate. Split Capital points out that inflows for BlackRock’s bitcoin ETF have now surpassed inflows this year for GLD, the most popular gold ETF.
Bitwise’s Hunter Horsely said it well when he tweeted “I don’t know if people appreciate how significant this is. Gold is having its moment. And despite that, investors are buying more Bitcoin than gold. Now imagine when it’s flipped.”
Think of how crazy this situation is. Investors are not chasing the better performing store of value in 2025, but rather they are looking forward to position themselves to benefit from what is about to happen.
So what do these investors see?
Global liquidity is just ramping up. Take China as one example — ZeroHedge writes “China's central bank cuts key rates [and] injects 1 trillion yuan 3 hours after agreeing to trade talks to prop up economy and give communist party ammo for negotiations.”
Remember, Treasury Secretary Scott Bessent is meeting with China this weekend in Switzerland to start trade negotiations.
Wait, what?! China is throwing every monetary stimulus tool they have at their economy. Maybe those 145% tariffs are extracting more pain than the media wants you to believe. But if China is stimulating, you can bet that most central banks will start doing the same over the coming 6-12 months.
Charles Edwards asks “Are we entering the next big wave of global fiat expansion?”
No one can predict the future, Charles, but it sure looks like we are about to get a rush of cheap capital into the market. And asset prices, especially stocks, bitcoin, and gold, have never seen cheap capital they didn’t like.
This brings me to the Federal Reserve. The market believes the Fed will hold rates constant right now. I think this is a major policy mistake. The central bank has been behind the curve for years and right now is no different. We are seeing an economic slowdown because of the tariffs, which can be easily seen by inflation crashing, so the stimulus from a rate cut would help spur economic growth.
Regardless of whether the Fed decides to make the move today or over the summer, the setup is obvious — the Fed and other central banks around the world have to return to lower interest rates.
Bitcoin is the single biggest beneficiary from global liquidity and cheap capital. As we enter another round of quantitative easing, bitcoin should push much higher. Which makes sense when you remember investors are pouring more capital into Blackrock’s bitcoin ETF than the largest gold ETF.
Investors are forward-looking. They are positioning themselves for what is going to happen. And capital flows are telling us to brace for asymmetry to the upside.
Let’s see what happens. Hope you all have a great day. I’ll talk to everyone tomorrow.
- Anthony Pompliano
Founder & CEO, Professional Capital Management
Polina Pompliano, Author of ‘Hidden Genius’ and Founder of The Profile, and Anthony Pompliano, Author of ‘How To Live An Extraordinary Life’ and CEO of Professional Capital Management, discuss bitcoin, what you need to know about the economy, jobs, Warren Buffet, Berkshire Hathaway, and future market outlook.
Enjoy!
Figure Markets – Bitcoin backed loans so you can buy more Bitcoin with your Bitcoin or earn 8% lending cash to HELOC providers! Learn more about Figure Markets and their Crypto Backed Loans!
Maple Finance - Maple enables BTC holders to earn native BTC yield. Learn more at Maple.Finance!
Core - Earn trustless Bitcoin yield. No bridging. No lending. Just HODLing. Begin Staking Your Bitcoin.
Simple Mining offers a premium white-glove Bitcoin mining service. Want to grow your Bitcoin stack? Visit Simple Mining here.
Bitwise - America’s largest crypto index fund manager and the only Bitcoin ETF issuer that publishes its wallet address plus donates 10% of profits to open source developers. Learn more at BitwisePomp.com
BitcoinIRA - Buy, sell, and swap 75+ cryptocurrencies in your retirement account. Pay less taxes. Earn up to $1,000 in rewards.
BitcoinOS - The operating system for bitcoin applications powered by zero-knowledge technology. Check out @BTC_OS on twitter to learn more.
Gemini - The future is being built today. Go Where Dollar’s Won’t. With Gemini.
Xapo - Xapo Bank is the only way to bank with Bitcoin.
Polkadot is a scalable, secure, and decentralized blockchain technology aimed at creating Web3. Innovation leader, making it a preferred choice for big names.
You are receiving The Pomp Letter because you either signed up or you attended one of the events that I spoke at. Feel free to unsubscribe if you aren't finding this valuable. Nothing in this email is intended to serve as financial advice. Do your own research.
2025-05-06 21:19:35
To investors,
Growing up most of us were taught to never talk about politics at work, but that is no longer possible — politics and investing is so intertwined that you have to evaluate the totality of the situation. If you ignore one or the other, you will end up uninformed.
Let me give you a few examples.
First, we can look at tariffs. There is new data out suggesting a massive shift in the attitude of Americans towards free trade. It appears that liberals and moderates significantly changed their position as President Trump and his administration spoke more about tariffs and related economic policies.
It is not every day that you see a chart where one side of the political aisle doubles the percentage of people who believe in an idea right after an election. But we are not living through some random time. We are living through a re-ordering of the global monetary order and that calls for significant changes in various parts of our lives.
Another area where you can see the data telling us a story worth paying attention to is around who supports the economic policies of this administration. Our friends at Geiger Capital say this is the most important thing to understand about American politics today:
Every category of men or women, except for single women, are neutral to positive on the President. Single women are vehemently opposed to him and have a negative 26% approval of him.
Now why is this political talk important for investors? Most of us don’t want to sit around thinking about politics all day, so why should we care about this data?
Simply, the politics of the conversation lead to a public narrative that is highly detached from reality. Take the S&P 500 as a great example — the index is down less than 4% to start the year.
And the same index is up more than 11% in the last month. So all you had to do was buy the dip earlier this year and you are doing great. It ain’t rocket science, folks.
Of course, the story is even better when you look at gold or bitcoin. Bitcoin is positive on the year and up nearly 50% over the last 12 months. Gold is up 26% year-to-date and up 45% in the last year.
These are not numbers you see from financial assets in Great Depressions or massive recessions. Instead, these are numbers you see from assets when we are in the normal ebb-and-flow of financial markets. They go up and down in the short term, but long term asset prices go up and to the right. Don’t take my word for it though — Treasury Secretary Scott Bessent recently said “the entirety of our economic history can be distilled in just five words: Up and to the right.”
Compare that to the mainstream media this morning — Bloomberg’s top 5 headlines on their website are all some version of fear porn.
US stock futures drop, The cost of Trump’s Trade War, Wreaking Havoc on Holiday Shopping. This is all insane. The economy is creating jobs. People are spending money. Stocks are going back up aggressively. And significant business transactions are being done, including Bill Ackman’s Pershing Square investing $900 million in Howard Hughes Holdings, OpenAI buying Windsurf for $3 billion, and Google buying Wiz for tens of billions of dollars.
This brings me back to where we started. Financial markets are based on math. Prices go up when there are more buyers than sellers. Prices go down when there are more sellers than buyers. But the conversation around financial markets is no longer based on logic and reality, instead it is rooted in politics. If you like the current administration you see a bright future ahead. If you don’t like the administration, you see pain and destruction on the horizon.
The truth is probably somewhere in-between. These economic policies will lead to some positive impact and other things will be negatively affected. The world is not binary, especially with the complex economic machine operating globally.
So make sure you are paying attention to what is happening. Everyone was talking about the world becoming financialized in the last decade, but I would argue the world also became politicized. And now politics and finance are married for the long-run, so I don’t see us going back to the world we once knew.
Hope you all have a great day. I’ll talk to everyone tomorrow.
- Anthony Pompliano
Founder & CEO, Professional Capital Management
Darius Dale is the founder & CEO of 42Macro.
In this conversation we discuss why the economy is more resilient than most think, stock market, gold, bitcoin, DOGE, government spending, tax cuts, and his future outlook.
Enjoy!
Figure Markets – Bitcoin backed loans so you can buy more Bitcoin with your Bitcoin or earn 8% lending cash to HELOC providers! Learn more about Figure Markets and their Crypto Backed Loans!
Maple Finance - Maple enables BTC holders to earn native BTC yield. Learn more at Maple.Finance!
Core - Earn trustless Bitcoin yield. No bridging. No lending. Just HODLing. Begin Staking Your Bitcoin.
Simple Mining offers a premium white-glove Bitcoin mining service. Want to grow your Bitcoin stack? Visit Simple Mining here.
Bitwise - America’s largest crypto index fund manager and the only Bitcoin ETF issuer that publishes its wallet address plus donates 10% of profits to open source developers. Learn more at BitwisePomp.com
BitcoinIRA - Buy, sell, and swap 75+ cryptocurrencies in your retirement account. Pay less taxes. Earn up to $1,000 in rewards.
BitcoinOS - The operating system for bitcoin applications powered by zero-knowledge technology. Check out @BTC_OS on twitter to learn more.
Gemini - The future is being built today. Go Where Dollar’s Won’t. With Gemini.
Xapo - Xapo Bank is the only way to bank with Bitcoin.
Polkadot is a scalable, secure, and decentralized blockchain technology aimed at creating Web3. Innovation leader, making it a preferred choice for big names.
You are receiving The Pomp Letter because you either signed up or you attended one of the events that I spoke at. Feel free to unsubscribe if you aren't finding this valuable. Nothing in this email is intended to serve as financial advice. Do your own research.
2025-05-05 21:36:05
To investors,
Warren Buffett held his annual conference this year and it did not disappoint. The event has become the Woodstock of Capitalism. More than 40,000 Buffett disciplines make the trip to Omaha as if they are visiting Mecca to hear from their prophet. There are parties, there are side events, and there is a lot of worshiping of one of the greatest investors of our lifetime.
And this year was extra special because Warren Buffett announced his retirement as CEO of Berkshire Hathaway, which should happen later this year. He will become Chairman of the company and promises he will still go to the office every day. The reason there is so much attention on Buffett’s annual meeting is because of his stellar performance over the years. Adam Kobeissi points out:
“Since 1964, Berkshire Hathaway has returned over 5,500,000%. That's 5.5 million percent. A $10,000 investment in 1964 would be worth $550 million today. This compares to a ~39,000% return in the S&P 500. Buffett has outperformed the S&P 500 by over 140 times.”
Berkshire Hathaway’s compound annual growth rate is approximately 20% since 1965 when Buffett took over — this is ridiculous performance compared to the S&P’s compound annual growth rate of about 10% during the same timeframe.
Maybe the most impressive part of this performance is that Berkshire Hathaway has achieved this track record while holding an insane amount of cash on their balance sheet. As of March 31st, the cash pile now stands at $347 billion.
It is hard enough to drive outperformance in the market. But imagine doing it while holding hundreds of billions of dollars in cash — this makes the track record even more impressive.
So what did Buffett have to say during this year’s meeting? What does the GOAT of investing have on his mind?
First, Buffett and I agree that the recent market volatility is a nothing burger. All the fear-mongers and doomsday predictors look ridiculous. Buffett said “What has happened in the last 45 days, 100 days, whatever you want to pick up, whatever this period has been, it's really nothing.”
Then Warren Buffett went on a heater and laid out the perfect argument for bitcoin:
Buffett says he is worried about fiscal policy. He says governments devalue currencies at rates that are breathtaking. Buffett even calls out the printing of money as a major cause for concern.
Now everyone knows that he doesn’t like bitcoin. He even called it rat poison. But at least we have confirmation that the Oracle of Omaha understands the value proposition better than people thought.
So what do I think of Warren Buffett, one of the greatest investors of our generation, stepping down? I think people underestimate how impactful the passing of Charlie Munger likely was to this decision. If you work with someone for over 50 years, they become a friend and confidant.
I can’t imagine it is the same to go to work every day without that person there. It isn’t as fun anymore. I doubt Buffett is stepping down exclusively because Munger passed, but it is hard to argue that the absence of Munger had no effect.
Additionally, there is one more argument that no one wants to say — maybe Buffett is stepping down because he wants to claim victory while he can. The more than $300 billion on the balance sheet suggests Warren can’t find good enough deals, or large enough deals, to do anymore.
You can’t buy companies worth $1 billion - $10 billion because it will have no impact. I won’t be inflammatory and argue that Buffett has lost his touch, especially given Berkshire hit a new all-time high last week, but I don’t think it is crazy to argue Buffett could be stepping down because he doesn’t know what else to do with the money.
So regardless of whether you like Warren Buffett or not, the man has an incredible investing track record. He is stepping away as one of the best to ever do it. There will be plenty of people vying to replace him on the Mount Rushmore of current investors, but my bet is the next Warren Buffett will look nothing like the current one.
Hope you all have a great start to your week. I’ll talk to everyone tomorrow.
- Anthony Pompliano
Founder & CEO, Professional Capital Management
Jordi Visser is a macro investor with over 30 years of Wall Street experience. He also writes a Substack called “VisserLabs” and puts out investing YouTube videos.
In this conversation we discuss what is happening in the economy, monetary global policy, bitcoin, gold, financial assets, and handicapping the odds that bitcoin will win.
Enjoy!
Figure Markets – Bitcoin backed loans so you can buy more Bitcoin with your Bitcoin or earn 8% lending cash to HELOC providers! Learn more about Figure Markets and their Crypto Backed Loans!
Maple Finance - Maple enables BTC holders to earn native BTC yield. Learn more at Maple.Finance!
Core - Earn trustless Bitcoin yield. No bridging. No lending. Just HODLing. Begin Staking Your Bitcoin.
Simple Mining offers a premium white-glove Bitcoin mining service. Want to grow your Bitcoin stack? Visit Simple Mining here.
Bitwise - America’s largest crypto index fund manager and the only Bitcoin ETF issuer that publishes its wallet address plus donates 10% of profits to open source developers. Learn more at BitwisePomp.com
BitcoinIRA - Buy, sell, and swap 75+ cryptocurrencies in your retirement account. Pay less taxes. Earn up to $1,000 in rewards.
BitcoinOS - The operating system for bitcoin applications powered by zero-knowledge technology. Check out @BTC_OS on twitter to learn more.
Gemini - The future is being built today. Go Where Dollar’s Won’t. With Gemini.
Xapo - Xapo Bank is the only way to bank with Bitcoin.
Polkadot is a scalable, secure, and decentralized blockchain technology aimed at creating Web3. Innovation leader, making it a preferred choice for big names.
You are receiving The Pomp Letter because you either signed up or you attended one of the events that I spoke at. Feel free to unsubscribe if you aren't finding this valuable. Nothing in this email is intended to serve as financial advice. Do your own research.
2025-05-02 21:32:28
To investors,
Bitcoin is up over the last 5 days, while gold has been falling. This outperformance is a departure from the trend year-to-date where gold has been significantly outperforming bitcoin.
Gold is up more than 20% since January 1st and bitcoin is only up 3%. As I continue to say, both assets embody the sound money principles that investors are seeking during times of uncertainty.
But there is one key data point to understand to get an idea of what happens next — bitcoin usually lags moves in gold by about 100 days. Jack Green put together this great chart to show how the relationship worked in the last two years.
The trend holds if you go back for the last decade as well. David Foley shows that with this graphic.
This is important because gold has been appreciating aggressively while bitcoin lagged behind. This is actually normal and not something to be concerned about. Instead, you should think of bitcoin as a coiled spring.
The harder that gold runs without bitcoin, the more violent the move in bitcoin should be 3-4 months later. A big reason for this is that bitcoin is much more sensitive to global liquidity than gold. The digital version of sound money is always going to be the better performer because of the smaller market cap and larger addressable investor base that has yet to allocate to the asset.
So gold has had a great run, but I believe it is bitcoin’s turn to join the party. The world is adopting a new monetary asset at a time the global monetary order is being restructured. You couldn’t draw up a better script for the rise of bitcoin.
Hope you all have a great day. I’ll talk to everyone on Monday.
- Anthony Pompliano
Founder & CEO, Professional Capital Management
Michael Ellis is the Deputy Director of the CIA.
In this conversation we talk about the relationship between US and China, Taiwan, how they evaluate technology and AI, bitcoin, cartels, and what Micheal pays attention to on a daily basis.
Enjoy!
Figure Markets – Bitcoin backed loans so you can buy more Bitcoin with your Bitcoin or earn 8% lending cash to HELOC providers! Learn more about Figure Markets and their Crypto Backed Loans!
Maple Finance - Maple enables BTC holders to earn native BTC yield. Learn more at Maple.Finance!
Core - Earn trustless Bitcoin yield. No bridging. No lending. Just HODLing. Begin Staking Your Bitcoin.
Simple Mining offers a premium white-glove Bitcoin mining service. Want to grow your Bitcoin stack? Visit Simple Mining here.
Bitwise - America’s largest crypto index fund manager and the only Bitcoin ETF issuer that publishes its wallet address plus donates 10% of profits to open source developers. Learn more at BitwisePomp.com
BitcoinIRA - Buy, sell, and swap 75+ cryptocurrencies in your retirement account. Pay less taxes. Earn up to $1,000 in rewards.
BitcoinOS - The operating system for bitcoin applications powered by zero-knowledge technology. Check out @BTC_OS on twitter to learn more.
Gemini - The future is being built today. Go Where Dollar’s Won’t. With Gemini.
Xapo - Xapo Bank is the only way to bank with Bitcoin.
Polkadot is a scalable, secure, and decentralized blockchain technology aimed at creating Web3. Innovation leader, making it a preferred choice for big names.
You are receiving The Pomp Letter because you either signed up or you attended one of the events that I spoke at. Feel free to unsubscribe if you aren't finding this valuable. Nothing in this email is intended to serve as financial advice. Do your own research.
2025-05-01 22:25:09
To investors,
Liberation Day was about one month ago. It feels like years ago at this point. But the Declaration of Economic Independence brought market uncertainty, chaos, fear, and a hell of a lot of screeching from the cheap seats about how the economy was going to be destroyed.
All that noise ended up being just that — noise.
The S&P 500 is essentially flat for the month of April and the Nasdaq 100 is up more than 1% in the same timeframe. And to think there are still people talking about the Great Depression. Ridiculous! It is insane how disconnected the conversation has gotten from reality.
As I have continued to say, the fear-mongering and doomsday predicting is going to look ridiculous in hindsight. You may ask why I am confident in that prediction and the answer is really simple — markets are forward-looking.
Investors understand the uncertainty around tariffs. There is no secret here. Everyone is talking about it. Investors know consumers are slowing their spending, while companies are making business decisions that will contribute to slower growth in the short-term. That is normal and well understood at this point.
But investors also realize there is more clarity around tariffs today than there was a month ago. These capital allocators understand trade deals are on the way, along with hearing the administration promise lower tariff rates than originally announced.
That clarity, and a more rational approach to the tariff rates, is giving investors confidence to put capital into the market. They know the ride could still be a little bumpy, but they have now line-of-sight to the other side of the volatility.
Add in the fact that the Fed will likely cut interest rates in the coming months and it is hard to be bearish over the medium-to-long term. And if you are a bull over the medium-to-long term, than you want to buy assets when they are down year-to-date.
But not every asset is down year-to-date. Both gold and bitcoin are up since January 1st, which is largely attributed to investor desire to find safety from uncertainty in sound money principles. The S&P 500 is up 12% in the last year and the Nasdaq is up 14% in those 12 months as well.
So every capital allocator has a choice moving forward — you can buy into the insane predictions of a depression or you can remember that the United States of America is the greatest economy ever constructed, and our economy is built on the shoulders of the most technologically advanced, innovative companies in the history of the world.
I don’t know how it became cool to be a pessimist. That strategy has never worked out over the long-run, so be a student of history and remember that reflexivity still rules the day. The faster stocks fall, the faster they can recover. And I still believe it is more likely than not that bitcoin, gold, and US stocks hit new all-time highs by the end of the year.
Plenty of people disagree with that assessment, and that disagreement is important, because that is how markets are created. One side will win and one side will lose. Risk is the name of the game. So if you have an opinion on what is going to happen, put your money where your mouth is. Take a side and win or lose in the market.
There is nothing better than capitalism.
I hope you all have a great day. I’ll talk to everyone tomorrow.
- Anthony Pompliano
Founder & CEO, Professional Capital Management
Michael Ellis is the Deputy Director of the CIA.
In this conversation we talk about the relationship between US and China, Taiwan, how they evaluate technology and AI, bitcoin, cartels, and what Micheal pays attention to on a daily basis.
Enjoy!
Figure Markets – Bitcoin backed loans so you can buy more Bitcoin with your Bitcoin or earn 8% lending cash to HELOC providers! Learn more about Figure Markets and their Crypto Backed Loans!
Maple Finance - Maple enables BTC holders to earn native BTC yield. Learn more at Maple.Finance!
Core - Earn trustless Bitcoin yield. No bridging. No lending. Just HODLing. Begin Staking Your Bitcoin.
Simple Mining offers a premium white-glove Bitcoin mining service. Want to grow your Bitcoin stack? Visit Simple Mining here.
Bitwise - America’s largest crypto index fund manager and the only Bitcoin ETF issuer that publishes its wallet address plus donates 10% of profits to open source developers. Learn more at BitwisePomp.com
BitcoinIRA - Buy, sell, and swap 75+ cryptocurrencies in your retirement account. Pay less taxes. Earn up to $1,000 in rewards.
BitcoinOS - The operating system for bitcoin applications powered by zero-knowledge technology. Check out @BTC_OS on twitter to learn more.
Gemini - The future is being built today. Go Where Dollar’s Won’t. With Gemini.
Xapo - Xapo Bank is the only way to bank with Bitcoin.
Polkadot is a scalable, secure, and decentralized blockchain technology aimed at creating Web3. Innovation leader, making it a preferred choice for big names.
You are receiving The Pomp Letter because you either signed up or you attended one of the events that I spoke at. Feel free to unsubscribe if you aren't finding this valuable. Nothing in this email is intended to serve as financial advice. Do your own research.