2026-08-31 23:20:59
Arch Public just keeps hitting home runs - and the numbers tell the ‘moonshot’ story over and over again. Arch Public equities and ETF tools blow away both buy and hold and DCA returns. Some numbers to consider1:
+ NVDA 523.6%
+ TSLA 129.3%
+ MSTR $260,841 (Cash Yield)
+ MARA $130,147 (Cash Yield)
Both total return and turning high growth, high volatility stocks into cash yield machines are what our warehouse of agentic, algorithmic tools specialize in. And, during our webinar last week, Anthony announced that he has signed up for Arch’s tools and will be using them personally going forward. Take a look at what Arch can do for you, completely hands free with equities, ETF’s, Bitcoin, and crypto. You won’t be disappointed.
To investors,
I am fond of the saying “hard work never goes out of style.” There is a blue collar, self-made theme to this timeless advice. But what if hard work is not enough anymore when it comes to generating financial security for the average American?
Normally I would brush that question off as some insane talking point from the Democratic Socialists of America, but this chart from Quinten Francois forced me to think a little deeper about the problem over the weekend:
This chart is the root cause for so many issues in society. Asset owners have been handsomely rewarded for their understanding of the system, while the remainder of citizens have been punished for following the advice of their grandparents to get a good job, spend less than they make, and save for a rainy day.
Wages are up almost 12x since the mid-1960s. That is a big number. But it is dwarfed in comparison to the 100x from the S&P 500 in the same time frame. The idea of investing in low-cost index funds and chilling has never had a better advertisement.
This chart is looking in the rearview mirror though. What about expectations or the future?
Well, Adam Kobeissi explains that things are going to get much worse before they ever get better:
“US M2 money supply surged +$102.8 billion in July, to a record $23.22 trillion.
This marks the 27th consecutive monthly increase. Since the start of 2026, M2 has now risen +$862.7 billion.
Furthermore, money supply now stands $1.43 trillion above the March 2022 peak. Since 2000, money in circulation has grown at an average annual rate of +6.3%, or ~$700 billion a year.
US money creation is expanding at a rapid pace.”
If this chart doesn’t scare you, remember that the annual interest expense on the national debt is now more than $1 trillion. That is only going to accelerate as politicians spend more money, interest rates stay high, and no one has the courage to stop the runaway train.
It is much easier for politicians to keep promising free things to voters. Remember, they aren’t spending their own money. They are spending our money. I have always thought you would stop the undisciplined spending if you could require politicians to invest personal dollars in every spending initiative. Make them have real skin in the game. I am willing to bet the federal budget would collapse and we would have a balanced budget over night.
The truth is that politicians don’t want a balanced budget. This means we won’t get one, which essentially guarantees that wages can’t keep up with investment assets.
So now we are back to where we started: has hard work gone out of style if you want to achieve financial security?
Of course not. But hard work is definitely not the only ingredient you need. I don’t know a single person that is wealthy who wasn’t able to generate a significant amount of their wealth by owning investment assets.
So which assets am I most bullish on going forward?
Bitcoin. Gold. Land.
Those are going to be the three assets that should outperform the productive assets in the public equities market. The money printer is just warming up. The hard assets built to insulate you from the money printer will show up and do their job. So you don’t have to overthink this one.
I want a portfolio filled with resilient assets that are optimized for the long-term. Assets that go up significantly when politicians do what they are incentivized to do. Quite literally, I want to hold the things that politicians are likely to inflate.
You can choose your own mix or allocation diversification between these three assets. But just make sure you have exposure. Because a 0% allocation to bitcoin, gold, and land is going to be a bad answer in the coming years.
Hope you all have a great start to your week. I will talk to you next time.
- Anthony J. Pompliano
Founder & CEO, ProCap Financial (Nasdaq: BRR)
Jordi Visser is a veteran macro investor with 30+ years of experience and the author of the VisserLabs Substack.
In this conversation, we break down bitcoin's historic recovery and the key levels that matter, the fight between Kevin Warsh and Scott Bessent over interest rates, and why Jordi is rotating more of his money into Ethereum and Solana. We also discuss AI agents, tokenization, and just how high bitcoin could realistically go.
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Arch Public’s platform automates your trading strategy beyond DCA for equities, commodities, ETFs, and crypto. With advanced inputs that reflect your own intentions, Arch Public supports smarter entries, exits, and opportunities in volatile markets. Connect with their team, try the product for free, and see how agentic trading can work for you, with Arch Public!
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Simple Mining offers a premium white-glove Bitcoin mining service. Want to grow your Bitcoin stack? Visit https://www.simplemining.io/pomp
Uphold - Uphold is the all-in-one platform to trade, earn, stake, and swap across 300+ assets with real-time proof-of-reserves and any-to-any conversions. Manage your entire crypto portfolio in one place at www.uphold.com
BloFin - BloFin is a fast-growing cryptocurrency exchange focused on providing professional-grade trading tools, deep liquidity, and a secure trading environment for crypto traders worldwide.
🚨READER NOTE: If you want to sponsor The Pomp Letter, you can fill out this form and someone from our team will get in touch with you.
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
Backtested results across three windows ending June 2026; figures are percentage-point differences in return, not multiples
2026-08-27 23:28:43
Arch Public just keeps hitting home runs - and the numbers tell the ‘moonshot’ story over and over again. Arch Public equities and ETF tools blow away both buy and hold and DCA returns. Some numbers to consider1:
+ NVDA 523.6%
+ TSLA 129.3%
+ MSTR $260,841 (Cash Yield)
+ MARA $130,147 (Cash Yield)
Both total return and turning high growth, high volatility stocks into cash yield machines are what our warehouse of agentic, algorithmic tools specialize in. And, during our webinar last week, Anthony announced that he has signed up for Arch’s tools and will be using them personally going forward. Take a look at what Arch can do for you, completely hands free with equities, ETF’s, Bitcoin, and crypto. You won’t be disappointed.
To investors,
Bitcoin has disappointed many investors over the last year. We watched everyone’s favorite digital asset drop more than 50% from the all-time high of $125,000. The good news is that the bear market is likely over and we are in the process of starting the next bull market.
Here are five charts that should get you excited about bitcoin’s returns over the next 18-24 months.
First, Quinten Francois shows the relationship between bitcoin’s electrical costs and RSI. You can clearly see the historical pattern of this relationship bottoming simultaneously.
If history repeats, this is a good signal that a bull market has begun.
Second, Will Clemente shows there is an all-time high correlation between bitcoin and gold right now. This is important as the debasement trade makes a comeback due to Scott Bessent’s recent promise of more government spending.
I continue to repeat the classic bitcoin mantra: bitcoin has no top because the dollar has no bottom. And given the government’s insane commitment to destroying dollar purchasing power, even with the current $40+ trillion national debt, you have to be mentally slow to think they won’t continue the undisciplined trend.
Third, bitcoin has historically followed the M2 money supply, but recently there was a large divergence when bitcoin fell at the same time that M2 was continuing to grow. This caused many people to give up on the measurement, but you can see there have been large divergences in the past. When the gap closed, it was bitcoin catching up rather than M2 slowing down.
Fourth, I am not usually one to draw lines on charts and hope my investment portfolio goes up, but I find this analysis from R89 Capital compelling. Bitcoin seems to be bouncing off the bottom of a structured zone that should lead to higher prices in the coming weeks and months.
Finally, the entire secret to investing in bitcoin is that time in the market outperforms timing the market. Jeff John Robert’s shared this chart from Bloomberg and wrote “Bitcoin investing has come to resemble the S&P, where most gains come from big rebound days—and it’s disastrous if you sell and miss those days. Bloomberg chart shows annual BTC returns—with and without 10 days where biggest gains occurs.”
It really is that simple. The bitcoin bear market was shorter and less severe than past cycles. But stop looking in the rearview mirror. A new bull market is upon us. Bitcoin is going to appreciate significantly from here. There will be lots of volatility. The gyrations won’t be for the faint of heart, but those who understand bitcoin and refuse to sell during the volatility will likely be rewarded handsomely.
Hope you all have a great day. I will talk to everyone next time.
- Anthony J. Pompliano
Founder & CEO, ProCap Financial (Nasdaq: BRR)
Arthur Hayes is the CEO of Flop Labs and CIO of Maelstrom.
In this conversation, we break down Treasury Secretary Scott Bessent's money printing playbook, the controversy around Stanley Druckenmiller's AI-written op-ed, and why bitcoin got overshadowed by the AI trade in 2025. We also discuss gold's next move, how Arthur allocates across bitcoin, gold, and public equities, and his new project tokenizing AI compute itself.
Figure – Get a slice of $160,000 with their Community Appreciation event. T&Cs apply. True DeFi Democratized Prime yielding ~8.5% APY. They also have the lowest industry interest rates at 8.91% with 12 month terms! Take out a Crypto Backed Loan today. Figure Lending LLC dba Figure (NMLS 1717824)
Arch Public’s platform automates your trading strategy beyond DCA for equities, commodities, ETFs, and crypto. With advanced inputs that reflect your own intentions, Arch Public supports smarter entries, exits, and opportunities in volatile markets. Connect with their team, try the product for free, and see how agentic trading can work for you, with Arch Public!
Lava - The Lava Card allows you to earn up to 5% back in bitcoin every time you spend. There are no annual fees, no FX fees, and no gimmicks. You can also use Lava to borrow against your bitcoin at 6.5%, the industry's lowest interest rate. Get started in just a few minutes at lava.xyz/pomp!
Simple Mining offers a premium white-glove Bitcoin mining service. Want to grow your Bitcoin stack? Visit https://www.simplemining.io/pomp
Uphold - Uphold is the all-in-one platform to trade, earn, stake, and swap across 300+ assets with real-time proof-of-reserves and any-to-any conversions. Manage your entire crypto portfolio in one place at www.uphold.com
BloFin - BloFin is a fast-growing cryptocurrency exchange focused on providing professional-grade trading tools, deep liquidity, and a secure trading environment for crypto traders worldwide.
🚨READER NOTE: If you want to sponsor The Pomp Letter, you can fill out this form and someone from our team will get in touch with you.
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.
Backtested results across three windows ending June 2026; figures are percentage-point differences in return, not multiples
2026-08-25 21:50:44
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To investors,
Scott Bessent is one of the best macro traders in the world. It has been well documented that he got an elite investing education while working under George Soros, but there is another investor who may be slightly more famous and widely recognized as the best Soros protege: Stanley Druckenmiller.
Debating which one of these guys is better is like trying to pick between a Ferrari and Lamborghini. The exercise is futile and your answer probably relies more on personal preference than an objective difference.
The shared lineage of these two men is what makes the recent debate around the US Treasury’s announcement to “at least double, the size of liquidity support buyback operations for longer-dated nominal coupon securities.”
Bessent obviously believes that he can manipulate long-term yields lower by engaging in this activity. He was proven correct initially after the announcement, but long-term yields have already rebounded back to the same level amid concerns around the national debt and continued money printing.
It remains to be seen whether the Treasury has enough firepower to have a lasting effect, even if they continue signaling their $1 trillion general account is available if needed.
On the other side of the debate is Stanley Druckenmiller. He published an op-ed in the Wall Street Journal yesterday titled “Let the Bond Market Speak.” The subtitle reads “Rising interest rates are a signal of trouble ahead. Artificially suppressing it heightens the danger.”
Those words don’t exactly leave much for interpretation. Druckenmiller is explicitly disagreeing with Bessent and the Treasury in public. I would normally expect a disagreement to be handled through a private phone call, but a public dissent like this probably means Druckenmiller feels public pressure is the only way to reverse course.
In the op-ed, he concludes that the long-dated bond yields bouncing back to the same levels post-announcement from the Treasury can only mean one thing: “The market’s verdict was swift and correct: This wasn’t liquidity management, it was price management—and a mistake far larger than $4 billion suggests.”
I personally thought Druckenmiller’s argument about price discovery was the most important part of the op-ed. It reads:
“I have spent five decades trading on a simple premise: Markets aggregate information no committee possesses, and prices are how that information reaches decision makers. The long-term Treasury yield is the most important price in the world. It is also the only fiscal disciplinarian the U.S. has left. Neither party will run on entitlement reform. Both have spent the past decade expanding commitments while ignoring arithmetic. Democracies don’t repair their finances because a budget office publishes a table. They repair them only when the cost of inaction becomes visible and immediate, when mortgage rates bite, when auctions tail, when the political price of a rising long bond finally exceeds the political price of touching spending.
Every basis point of artificial yield suppression is a subsidy to procrastination. Suppressed long rates sugarcoat the interest-cost projections, shrink the apparent urgency, and let incumbents assure voters the debt is someone else’s problem. If Congress and the administration are unlikely to touch entitlements even with the market’s signal, they are certain not to touch them without one. Whatever this operation saves in basis points, it will cost multiples in delay.”
This all seems fairly logical, right? I agree.
But if Druckenmiller is right, which I believe he is, then it would require us to believe that Scott Bessent is completely missing the obvious data. I find that very, very hard to believe. He is too smart and too experienced to make such a rookie mistake.
This left me confused until I realized an important aspect of Druckenmiller’s op-ed. The entire thing was written by AI. Yes, you read that right. The AI measurement tools online say 100% of the op-ed is written by AI.
The reason this is important is because it tells me that Druckenmiller was not overly passionate about this situation and probably put it together rather quickly. AI is very good at doing that for someone. So why would Druckenmiller put together an op-ed quickly, especially one that critiqued his friend and former colleague in one of the most popular financial newspapers in the world?
Well…what if Bessent asked him to do it? What if the situation everyone thinks is Bessent vs Druckenmiller is actually Besssent AND Druckenmiller.
Under this perspective, Bessent would understand that the Trump administration is trying to print too much money. He knows the damage that is being done. But he also wants to keep his job. So Bessent has to do the things necessary to appease his boss, while still wanting politicians in DC to understand the signal being provided by long-dated yields.
So what do you do in that scenario?
You announce the intention to double your purchases and spend billions of dollars. And then you have your homie write an op-ed saying the government should be doing the opposite and people need to stop manipulating the market.
This is chess, not checkers.
While the media will run with the narrative that Bessent and Druckenmiller fundamentally disagree on the path forward, I just don’t believe that. They both have previously spoke publicly about the need for the government to become more disciplined. They come from the same school of thought. They both are incredible macro traders. And there is no chance that Druckenmiller surprise attacked Bessent in public like that.
So sit back and watch the show. The financial geniuses are using every tool in their toolbox, including manipulation of the mainstream media, to address the dismal financial position the US finds itself in.
The bad boys of finance just played their hand masterfully. And they did it together.
Hope you have a great day. I will talk to everyone next time.
- Anthony J. Pompliano
Founder & CEO, ProCap Financial (Nasdaq: BRR)
Dr. Roman Yampolskiy is a professor of computer science at the University of Louisville and one of the world's leading AI safety researchers, credited with coining the term "AI safety" over a decade ago.
In this conversation, we break down why he believes superintelligence may be fundamentally uncontrollable, and the recent incidents of AI models hacking, lying, and blackmailing their way out of containment. We also get into the surprising relationship between AI and bitcoin, the collapse of trust from deepfakes, and what happens to jobs and society once we cross the AGI threshold.
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Arch Public’s platform automates your trading strategy beyond DCA for equities, commodities, ETFs, and crypto. With advanced inputs that reflect your own intentions, Arch Public supports smarter entries, exits, and opportunities in volatile markets. Connect with their team, try the product for free, and see how agentic trading can work for you, with Arch Public!
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Simple Mining offers a premium white-glove Bitcoin mining service. Want to grow your Bitcoin stack? Visit https://www.simplemining.io/pomp
Uphold - Uphold is the all-in-one platform to trade, earn, stake, and swap across 300+ assets with real-time proof-of-reserves and any-to-any conversions. Manage your entire crypto portfolio in one place at www.uphold.com
BloFin - BloFin is a fast-growing cryptocurrency exchange focused on providing professional-grade trading tools, deep liquidity, and a secure trading environment for crypto traders worldwide.
🚨READER NOTE: If you want to sponsor The Pomp Letter, you can fill out this form and someone from our team will get in touch with you.
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.
GalaxyOne is a financial technology platform, not a bank. Galaxy Premium Yield is an investment note issued by Galaxy Digital LP and guaranteed by Galaxy Digital Holdings LP — it is an investment product, not a bank deposit, is unsecured, and is not FDIC or SIPC insured. Available to U.S. accredited investors only. Cash deposits held at Cross River Bank, Member FDIC, insured up to $250,000. Annual Percentage Yield is variable and subject to change.
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2026-08-21 22:38:42
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To investors,
Bitcoin is ripping higher and you can feel sentiment changing in real-time. This week we have seen the leading digital asset surge to over $77,000 per coin, which is a 22% increase in the last 5 days.
This type of volatility is usually reserved for the euphoria of bull markets, so the fact it is happening during a bear market is a signal investors must pay attention to. Luke Martin explained the significance of this move when he wrote:
“The last time we had this explosive of a one-day move deep in bear market was April 2019. Volatility had evaporated, no one was trading, no catalyst on horizon. Those 6 months felt just like the last 6 months. And then one morning a $100M buyer forced a breakout amplified by massive liquidations & short covering. Instant vibe-shift. You could feel it then. You can feel it today.”
The catalyst for this move was a surprise announcement from the US Treasury. They announced intentions to at least double the size of their liquidity-support buyback operations for longer-dated Treasuries (maturing in the 10- to 30-year range), which means the operation would now top more than $4 billion. Within minutes of the announcement, bitcoin started accelerating as the market was reminded that the government is never going to stop printing money.
Rather than spend our time dissecting the intricacies of Treasury policy, I think it is more productive to discuss what this announcement and the related move in bitcoin means for investors.
First, we can see a heavy bid happening in the bitcoin ETFs. Galaxy’s Alex Thorn writes “Bitcoin ETFs see biggest weekly net flow since October 2025 all-time high week. Net flow this week is +$1.6 billion and the week is not over yet. [The] ETF average holder cost basis = $84,156. can we get there?”
This persistent bid in ETFs is a welcomed sign of institutional interest in the asset. Earlier this week I published an interview where I explicitly stated there was no obvious catalyst for bitcoin on the calendar, but we needed a catalyst to bring back the institutional bid.
From these ETF flows, it appears the Treasury announcement is the catalyst we were missing. Wall Street seems wide awake when it comes to bitcoin’s ability to appreciate when the money printer is turned on.
The second thing to understand is this move in bitcoin coincides with the start of the 5th business cycle, which was pointed out by TechDev.
Historical performance is not an indicator of future performance, but this business cycle analysis has been very accurate over the years. I wouldn’t use it to identify exact tops and bottoms in markets. However, I think it can be a great supporting data point that shows when bull and bear markets are shifting into a new regime. Given the data, we may have just flipped back into the next bull market regime and will continue grinding up from here.
If this regime shift is true, then the question is what type of return profile should investors anticipate happening? Rafael, one of the cofounders of Glassnode, laid out the historical performance based on the 5 sigma move in bitcoin. He writes:
Since 2013, Bitcoin has closed a day at 5+ sigma to the upside only 14 times. Half of them, like yesterday, came out of very low vol environments.
Median performance after those events:
1 week: +4.8%
1 month: +11.8%
3 months: +15.1%
6 months: +84.8%”
I don’t know many bitcoin investors who would be upset with an 80%+ return over the next 6 months. To further the case for this being a sustainable move in bitcoin, Rafael also pointed out that bitcoin has reclaimed the 200 day moving average and the short-term holder cost basis has flipped positive for the first time in awhile.
Both of these suggest that bitcoin is abandoning the bear market vibes and will be returning to its foundation as an asset that protects people against undisciplined monetary policy. If that is the case, bitcoin investors will look back on the last 10 months as another bear market they were thankful to weather.
I am not in the business of calling market bottoms. I don’t trade bitcoin. Instead, I am a long term holder who is smart enough to recognize that something fundamentally shifted this week. Those who have continued holding bitcoin feel better today than they did at the beginning of the week, but that vibe shift is rooted in data and fundamentals.
Hope everyone has a great weekend. I will talk to you all on Monday.
- Anthony J. Pompliano
Founder & CEO, ProCap Financial (Nasdaq: BRR)
I sat down with John Pompliano to discuss the state of bitcoin at $64,000, why the price has stabilized, and what it will take to spark the next bull run.
We also break down the exploding cost of AI adoption inside businesses, the national debt problem no president seems willing to fix, and where investors should be putting their capital right now.
Figure – Get a slice of $160,000 with their Community Appreciation event. T&Cs apply. True DeFi Democratized Prime yielding ~8.5% APY. They also have the lowest industry interest rates at 8.91% with 12 month terms! Take out a Crypto Backed Loan today. Figure Lending LLC dba Figure (NMLS 1717824)
Arch Public’s platform automates your trading strategy beyond DCA for equities, commodities, ETFs, and crypto. With advanced inputs that reflect your own intentions, Arch Public supports smarter entries, exits, and opportunities in volatile markets. Connect with their team, try the product for free, and see how agentic trading can work for you, with Arch Public!
GalaxyOne – Open an account with promo code POMP and deposit $10,000 to earn a $3,000 bonus. Terms apply. https://go.galaxy.app/HMiq/p57n69yy
Simple Mining offers a premium white-glove Bitcoin mining service. Want to grow your Bitcoin stack? Visit https://www.simplemining.io/pomp
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Uphold - Uphold is the all-in-one platform to trade, earn, stake, and swap across 300+ assets with real-time proof-of-reserves and any-to-any conversions. Manage your entire crypto portfolio in one place at www.uphold.com
🚨READER NOTE: If you want to sponsor The Pomp Letter, you can fill out this form and someone from our team will get in touch with you.
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.
Figure Lending LLC dba Figure. Equal Opportunity Lender.
NMLS 1717824. Terms and conditions apply.
2026-08-19 22:27:57
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To investors,
Every business wants access to the highest level of intelligence, but at the lowest cost possible. The rise of LLMs has made intelligence abundant, yet one of the hardest problems across startups and corporate America is predicting the compute cost associated with this intelligence.
I have been dealing with this personally as we build Silvia and the problem comes up in almost every conversation I have with CEOs, founders, and executives.
Every business embraced AI about 18 months ago and things seemed great until the compute bills started to show up. The bills for internal compute usage were difficult to swallow, but things got outrageous if you had an AI product that allowed your users to consume compute without limits.
I know this problem intimately because that is the situation that Silvia was in. Every question that was asked meant higher compute costs for our company. But we didn’t want to limit usage because users were getting genuine value out of the product.
This challenge sent our team down a deep rabbit hole of cutting costs, while improving the experience for users. The second part was really important: we did not want to degrade the user experience by simply taking away access to the highest quality models.
Thankfully, resource constraints breed innovation. We aren’t the biggest company, nor do we have the largest balance sheet, but we came up with a very novel solution that we are announcing today.
The Silvia engineering team built a model router that cut costs by up to 29%, decreased latency, and improved the quality of answers for users. Trifecta!
The way we do this is by reading the first 500 characters of a query and then predicting the level of effort that will be needed by a model to answer the query. The highest effort needs are routed to the most powerful models. The lowest effort needs are routed to different, better models for the query.
A good example of this would be “what is the date?” You don’t need to use the latest Anthropic model to answer this query. In fact, sending a simple query like this to the most powerful model will make your compute costs increase and will actually increase the latency, which means a worse user experience for the Silvia user.
By implementing the model router, the user gets a better experience and we get lower costs. Win-win.
One of the interesting aspects of the implementation is that our model router runs on CPUs instead of GPUs. This allows us to read the query and predict the level of effort needed in less than 1 millisecond. This CPU implementation is why latency is not affected, nor is cost significantly increased by any potential additional GPU consumption.
Another important point is that many of you have probably seen the news that OpenRouter is being purchased by Stripe for around $7 billion. This is a great outcome from what appears to be a very smart, capable team. Their model routing API is related (their product and our internal implementation both touch model routing), but you should think of OpenRouter as making it possible to do model routing for companies, while Silvia’s model router is a custom, intelligent system that specifically routes Silvia queries to the right model.
They give access to the functionality of model routing to many companies, while our internal product does the real decision-making specific to our use case.
Lastly, our implementation of a model router is a strategic bet that will allow us to become model-agnostic over time. We don’t care who created the different models, we just want to route a query to the model best positioned to answer. The large model labs will never allow their users to be model agnostic, but that would require the lab to potentially route a query to a competitor’s model. No bueno in their eyes.
Instead, Silvia being an independent AI research lab gives us the power of being agnostic. We simply want the best experience for our users. Last week we announced that Silvia is now the most accurate AI tax product on the market, including beating OpenAI, Anthropic, Google, and xAI. Today we are announcing a custom, in-house model router that rivals the best technology anyone else has built.
There will be many more engineering announcements to come. I truly believe we have assembled one of the best AI teams and we are currently the best AI research lab in finance. If you are interested in learning more about the technical details of the model router, you can read the engineering blog post here.
Everyone wants the best intelligence and the lowest cost. Silvia just showed the world what is possible in this pursuit. I anticipate many other companies will build this custom solutions to achieve the same benefits. Remember, you can use Silvia to leverage the latest AI tech to better manage your finances and investment portfolio.
Hope you all have a great day. I will talk to you next time.
- Anthony J. Pompliano
Founder & CEO, ProCap Financial (Nasdaq: BRR)
Yoni Assia is the CEO and co-founder of eToro.
In this conversation, we break down agentic trading and how AI is reshaping the platform, why bitcoin remains digital gold, eToro’s move into tokenized equities, SpaceX IPO, and why eToro trades for less than 10x EBITDA.
Figure – Get a slice of $160,000 with their Community Appreciation event. T&Cs apply. True DeFi Democratized Prime yielding ~8.5% APY. They also have the lowest industry interest rates at 8.91% with 12 month terms! Take out a Crypto Backed Loan today. Figure Lending LLC dba Figure (NMLS 1717824)
Arch Public’s platform automates your trading strategy beyond DCA for equities, commodities, ETFs, and crypto. With advanced inputs that reflect your own intentions, Arch Public supports smarter entries, exits, and opportunities in volatile markets. Connect with their team, try the product for free, and see how agentic trading can work for you, with Arch Public!
GalaxyOne – Open an account with promo code POMP and deposit $10,000 to earn a $3,000 bonus. Terms apply. www.galaxy.app/pomp
Simple Mining offers a premium white-glove Bitcoin mining service. Want to grow your Bitcoin stack? Visit https://www.simplemining.io/pomp
Uphold - Uphold is the all-in-one platform to trade, earn, stake, and swap across 300+ assets with real-time proof-of-reserves and any-to-any conversions. Manage your entire crypto portfolio in one place at www.uphold.com
BloFin - BloFin is a fast-growing cryptocurrency exchange focused on providing professional-grade trading tools, deep liquidity, and a secure trading environment for crypto traders worldwide.
🚨READER NOTE: If you want to sponsor The Pomp Letter, you can fill out this form and someone from our team will get in touch with you.
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.
2026-08-18 22:45:08
Arch Public just keeps hitting home runs - and the numbers tell the ‘moonshot’ story over and over again. Arch Public equities and ETF tools blow away both buy and hold and DCA returns. Some numbers to consider1:
+ NVDA 523.6%
+ TSLA 129.3%
+ MSTR $260,841 (Cash Yield)
+ MARA $130,147 (Cash Yield)
Both total return and turning high growth, high volatility stocks into cash yield machines are what our warehouse of agentic, algorithmic tools specialize in. And, during our webinar last week, Anthony announced that he has signed up for Arch’s tools and will be using them personally going forward. Take a look at what Arch can do for you, completely hands free with equities, ETF’s, Bitcoin, and crypto. You won’t be disappointed.
To investors,
Most blockchain companies are dead and don’t even realize it yet. In fact, I would argue the more a company touts being a blockchain company, the less likely they are to succeed. This is why I find Figure Technologies such an interesting company.
They are one of the most successful blockchain companies, yet they barely talk about the blockchain. They simply use the technology as an underlying infrastructure to empower them to provide a better product and service to the market. This is how companies should approach the situation in my opinion.
I have been an investor in Figure for a long time. My original investment came when I was managing the digital assets venture funds at Morgan Creek. We invested multiple times, including leading a few rounds in the company, and I eventually joined the board of directors. My big takeaway from serving on the board was that Mike Cagney, the company’s founder, is one of the best technology founders in the world. I would never, ever bet against him.
Mike not only previously founded SoFi, but he was able to navigate Figure through multiple market cycles and different iterations of the technology platform. While I no longer serve on the board, I believe Mike and his team are building a generational company that will create significant disruption in the traditional finance industry.
Figure announced their Q2 earnings last week and the results speak for themselves. They grew net revenue by 100% year-over-year and EBITDA grew by more than 50% in the same timeframe. For those unfamiliar, there is a “Rule of 40” in SaaS companies that most investors adhere to. It states that a company growing their revenue and EBTIDA by a combined percentage of 40 or higher will deliver outsized returns going forward.
“Forget Rule of 40. Figure’s “Rule of 150” puts them ahead of every name in S&P 500 except NVDIA and Micron).
+153% net revenue
+54% EBTIDA
=167
great quarter.”
It is not everyday that a tech company is growing faster than almost every other business on the planet. So how are they doing this? Figure builds blockchain-based products that empower more efficient lending across various asset categories. They previously served as the main loan originator, followed by the blockchain-based marketplace for securitization.
Today the company is hyper-focused on scaling Figure Connect, which is a consumer credit marketplace. Although they are one of the biggest blockchain companies in the world, you almost never hear them talk about blockchain to their consumers. Cagney and his team realize the consumer doesn’t care what database technology you use. They simply care if you can get them a loan faster and cheaper than the competitors.
And it appears that Figure has successfully built a better product, which is why the volumes are growing so rapidly quarter-over-quarter. To better understand this growth, Stock Analyst Pro writes:
“Figure just delivered its strongest quarter ever, and the growth + margins are impressive.
🔹 Consumer Loan Marketplace Volume: $4.3B, +132% YoY
🔹 3rd consecutive quarter of 100%+ growth
🔹 Net Revenue: $218M, +95% YoY
🔹 Adj. EBITDA: $119.4M, 55% margin
🔹 Net Income: $87.4M, nearly 3x YoY
🔹 Net Income Margin: 38.8%
🔹 Figure Connect: 65% of volume vs 42% YoY
🔹 Origination Partners: 489, adding 102 in Q2 alone
My biggest takeaway:
Figure is showing that bringing lending + capital markets on-chain isn’t just a blockchain narrative anymore.
132% volume growth.
95% revenue growth.
55% EBITDA margin.
100+ institutional loan buyers.
489 origination partners.
If Figure can maintain anything close to this growth while continuing to shift volume toward its capital-light marketplace model, this can become a very interesting FinTech compounder.”
I continue to be a shareholder of Figure through the Morgan Creek funds. Although we have to trim positions from time-to-time based on LP liquidity needs, I remain very optimistic about the long-term fundamentals of the company. It feels like we are watching the formation of the next great credit marketplace, which has a significant TAM and lots of room to run.
I anticipate there will be increased competition in the future. The good thing about marketplaces though is that once someone has the network effect, competition struggles to unseat the winner and all market participants are incentivized to join the existing network. It feels like Figure is getting close to that point. And they are doing it with a blockchain, yet they aren’t shoving “blockchain!” down everyone’s throat.
Maybe there is a lesson in that for the rest of the industry.
Hope everyone has a great day. I will talk to you next time.
- Anthony J. Pompliano
Founder & CEO, ProCap Financial (Nasdaq: BRR)
Yoni Assia is the CEO and co-founder of eToro.
In this conversation, we break down agentic trading and how AI is reshaping the platform, why bitcoin remains digital gold, eToro's move into tokenized equities, SpaceX IPO, and why eToro trades for less than 10x EBITDA.
Figure – Get a slice of $160,000 with their Community Appreciation event. T&Cs apply. True DeFi Democratized Prime yielding ~8.5% APY. They also have the lowest industry interest rates at 8.91% with 12 month terms! Take out a Crypto Backed Loan today. Figure Lending LLC dba Figure (NMLS 1717824)
Arch Public’s platform automates your trading strategy beyond DCA for equities, commodities, ETFs, and crypto. With advanced inputs that reflect your own intentions, Arch Public supports smarter entries, exits, and opportunities in volatile markets. Connect with their team, try the product for free, and see how agentic trading can work for you, with Arch Public!
GalaxyOne – Open an account with promo code POMP and deposit $10,000 to earn a $3,000 bonus. Terms apply. www.galaxy.app/pomp
Simple Mining offers a premium white-glove Bitcoin mining service. Want to grow your Bitcoin stack? Visit https://www.simplemining.io/pomp
Uphold - Uphold is the all-in-one platform to trade, earn, stake, and swap across 300+ assets with real-time proof-of-reserves and any-to-any conversions. Manage your entire crypto portfolio in one place at www.uphold.com
BitcoinIRA - Save up to 37% in capital gains taxes on your retirement investments. Signup today and win up to $4,000 in rewards.
BloFin - BloFin is a fast-growing cryptocurrency exchange focused on providing professional-grade trading tools, deep liquidity, and a secure trading environment for crypto traders worldwide.
🚨READER NOTE: If you want to sponsor The Pomp Letter, you can fill out this form and someone from our team will get in touch with you.
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.
Backtested results across three windows ending June 2026; figures are percentage-point differences in return, not multiples