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.
Is it a good idea to buy cryptocurrencies right now? Will there be a decline in the price of bitcoin this year despite frequent assertions that the market is active? How quickly will coins return completely? I have no idea how other dealers in this market manage to produce profits of more than in a single year, to be completely honest.
Despite the current economic crisis, I also found that many people are still making six-figure salaries; the only difference is that these tactics are commonly used successfully by those who have a good understanding of the market.
You're not doing anything incorrectly; you simply lack the expertise to capitalize in a down market. Professionals with extensive expertise who must have witnessed the 2008 crisis are the only ones who may profit significantly during turbulent times like this.
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@@belginberk3443 I promptly did some research on Ruth's past. She can control herself well. Her credentials are solid, and it seems like she was the subject of a careful examination. Foreign investors from countries other than the United States can also use her services
@@terryt1727 bitcoin is a bubble, it does not matter the price gping up. Bitcoin has not intrinsic value, ypu cannot melt bitcoin and make a belt out of bitcoin.🤣 It is a fiat digital money just like fiat paper
I have learnt in recent months is to remain calm, especially when it comes to investments in cryptocurrencies. Learn not to sell in panic when everything goes down and not to buy in euphoria when everything goes up. I will advise you all to forget predications and start making a good profits now because feature valuations are all speculations and guesses. The market is very unstable and you can not tell if it’s going bearish or bullish. While myself and others are being patient for the prove to skyrocket, I would say trading with Paulson Dmitriev, has been going smoothly for me. I have accumulated over 3.6BTC , with he's masterclass trading strategy…Stick with BTC,ETH,ATOM,ALGO,APE,SAND.
What is the possibility of making decent returns for short term investing? I've been reading success stories of people that make a total return of upto $75,000 monthly profit from their investments and I'd really love to know how to go about investing to make huge 5figure returns monthly
Use a risk management strategy when trading with hard stop losses and clear targets of when to take your profits. Or just buy ETFs every month for long term, similar to saving but it’s rather boring
@Sarah Arkwins As a newbie i am happy with what i have found about the mentioned financial assistance on the internet and have mailed him for assistance.
Great video and some nice tips! This is a scary time for new investors but the best thing you can do is not to make decisions based on emotions. This could actually be a good time to buy more of your crypto. Wealth is created during bear markets, not bull markets. I buy and just trade long term more than ever, I have made over 4.5 btc from day trading with Paulson Dmitriev in few weeks this is one of the best medium to backup your assets incase it goes bearish, Stick with ETH/BTC/CRO/DOT/NEAR..
I HAVE BEEN MAKING LOSSES TRADING MYSELF...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
@@piotrjasielski if my point is so hard to understand then you are too dumb to have a conversation with..may be I should start my shitcoin and sell you some.
@@bouloshijazin5129 No, it just proves you failed to substantiate your reasoning and you try to play a smart guy while clearly you're not. Resorting to ad hominem is only further proof you have nothing essential to say.
@@jpnz Dont worry, fiat wont die in his lifetime, in spite of all the yt videos that have been calling it since 2012...every year there is a new video saying, ok, this year fiat will definitely die and the economy will crush...
So, this is the video where Kevin says he'll NEVER put 'real' money Dollars into crypto garbage.... Will everyone please do me a favor and up vote this comment in a few years time when it is referenced as proof of Kevin's change of opinion?
That is not true. There are gateways that allows changing BTC into USD, so that dollars come into the IRS. They Don't accept bitcoin as payment for taxes. I'm a crypto maximalist, but a lot of news is misprinted. And yeah...Kevin doesn't have a clue, and Pomp could have nailed his ass, but failed to do so. Censorship resistant, open, borderless, immutable, transparant, fixed amount, decentralized...he didn't name one of them. How about...which asset that you can send to the other side of the world CANNOT be confiscated?
I pray whoever reads this should become successful. keep fighting for success. the rich stay rich by spending like the poor and investing why the poor stay poor and be spending like the rich yet not investing. Roar! Invest earn and be successful.
Bitcoin and Forex trading it's a trading platform were you invest with a minimum capital, you predict the outcome of foreign currency if they will either fall or increase, it's like you are placing a bet, but the good thing is that you are knowing the outcome before you predict, that's why profits returns are always on the high, but by doing this, you need an experienced account manager who can help you with the basics and trades for you.
if you are considering entering the crypto universe or if you’ve only recently made your first investment, you might still be exploring the benefits of bitcoin as opposed to your online bank account or digital wallet you are used to.
The greatest benefits comes when you turn bitcoin into a business or source of income by TRADING with the help of an expert to advise and guild you with the right strategies to help you maximize profit and manage you portfolio effectively.
Ok engage me. So he says people use the US dollar and it doesn't have anything backing it to which I say BS because it's backed by the full faith and credit of the US, it's economy, it's banks and most importantly it's military. So how the heck does crypto even come close? Plus this stuff is easier to track than cash so it creates a much larger nanny state. What problem apart from it being against the US dollar does the crypto crap do? Plus if it's all digital doesn't that leave people vulnerable to theft and hacking which completely destroys their wealth in seconds?
El Gerardo Edwardio You guys are all idiots, bitcoin will go to zero, I bet most of you back when it was closer to 11K or 12K and own it at a loss, thinking you would be millionaires by now lol
"I bought the crypto crap and lost 70%" he says.... Lol sounds like you fomoed in and bought the top.... Shitty call for someone who's known for being a "smart" investor.
I know right, you would think someone as wealthy as Kevin would know when to buy and sell. Or maybe hes just trying to make people scared so he can buy in at lower price lol
Haha! Everyone at this table besides Pomp, especially Kevin hates it because they don't understand anything about it. Kevin, the USD is not real money - its currency, and currency and money are not the same thing!
Superb podcast by the hosts. With the markets having less order executions; situations like this are best hedged with sustainable positions especially bitcoin inverse contracts, as price strongly deviated against its long term mean average. The further it deviates the more momentum for a reversal to the upside. whales are currently in a liquidity grab at the lows. I've had series of trading losses I'd best not mention before being introduced to Mr. Callum Lucas. His careful guide and employing his Signal for my trades orders has been a great experience. Callum's signal algorithm are based on combinations of unique strategies.
Sometimes realistic factors discourage people from reaching their goals in life. I've tried investing in crypto several times but always got rected by volatility. Will definitely reachout]
@@OfficialXAntiDote Exactly they have been creating them out of thin air. That is the scary part. I am keeping a larger % of my Savings in BTC and Gold . With the Tariff Wars we are about to experience the dollar weakening and everything going up in cost.
People like Paulson Dmitriev are hard to come by these days. I was in his last conference in Germany, he is such a great teacher. I enjoy his account management services it saves me time and let me focus on my job.
"I think there is a world market for maybe five computers." Thomas Watson, president of IBM, 1943 "Television won't be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night." Darryl Zanuck, executive at 20th Century Fox, 1946 "There is no reason anyone would want a computer in their home." Ken Olsen, founder of Digital Equipment Corporation, 1977
@@Mega-Tales both of those things are vastly different from where they originally began... If you're saying that Bitcoin is going to change durastically to improve it's functionality and utility I guess they are tangentially related
@@GEM4sta ... My thoughts GEM.. I've been researching because I was thinking that it feels like Bitcoin is outdated tech? I mean, just think about it; even something as simple as Litecoin does EXACTLY the same thing, but in a "lite" way. Another example? Ethereum does practically the same thing in terms of the token/currency exchange, but it also offers dApps, smart contracts, etc. Another example? Ripple? So, besides the network effect... and the fact that the creator is anonymous... What exactly does BTC offer that does not make it outdated? And, do we really think BTC would update in such a way that makes it more effective than some coin/blockchain tech. that is built SPECIFICALLY for something amazing? Thoughts?
@@MikeYeah Essentially, yes. This is my problem with their analogy. To say computers will be massively popular is different than to say a computer will be massively popular. That prediction was basically correct if you're considering only the current computers they had. People like to say that crypto is more about the technology than the currency... But investing in bitcoin is not really investing in block chain technology. When we're talking about currency, it's very important that it is consistent, no? I would assume people don't want their digital currency to be constantly updating. In my mind, this inherently gives new coins a technological advantage, in that they can experiment and ultimately achieve a better system than bitcoin. In my mind, it is inevitable that some new coin will be better than bitcoin, if they are not already (they are). The real problem with crypto in general is that it just doesn't make any sense why you'd want it. It's technology, sure, but it's not necessary technology. For me personally, I'm very surprised that it has come this far.
The usd and its power is the reason why china haven't caused problems to the us regardless of the US debt to china.. When bitcoin have that impact then its possible.. Maybe it gets used to pay taxes all around the world after 100 years, minimum
I see the future in trading crypto market, especially bitcoin with the high rate of move from the market. Its quite encouraging the aim is earning enough and consistent investment matters a lot with proper portfolio one can make millions in a month depending on your investment and your directive. Trading bitcoin is a lucrative way of making money online.
Great interview POMP!. What Kevin O'leary doesn't understand here is blockchain, he really shouldn't be ignorant and research, why its been the best performing asset in the last decade. Bitcoin has more reasons of intrinsic value than majority of assets. Bitcoin has great low cost and quick Remittance transfers, Highly cryptographically secure asset, High divisibility,Total Transaction transparency, Fixed supply asset and the fact that you don't need a bank to transact with bitcoin which rids you from overdraft fees, monthly fees, withdrawal limits, spending limits, Bank holds, Weekend Pending settlements and best of all, Quantitative easing. This is a Phenomenal asset, the likes we've never seen before, I recommend people take the time to realize how impactful blockchain can and will change the world.
Retrofred ! Exactly how a lot of ppl viewed tech companies in the dot com bubble. Recognized the bubble and thought they were all frauds. Then they regretted not holding onto those FAANGs. Thought they were being smart like Kevin rn. The intrinsic value is in fact there, most ppl just don’t understand blockchain enough to see it.
Yeah, a level of discernment is needed, which is exactly what the bald guy does not have. Consider his buy of every crypto indiscriminately, opposed to researching and understanding what is crap and what might not be. But hey, he's white, he doesn't know any better
@matthew crane Their cash flow is negative $690 million so technically they have less cash flow than btc. BTC having zero cash flow is kind of irrelevant. How much cash flow does oil have? www.marketwatch.com/investing/stock/khc/financials/cash-flow
Mr. Oleary is intelligent as he is wealthy. The problem that he has is his resistence to new technology. Look at his statements when the internet debut. He said almost the same identical thing. "The internet is crap" "It'll never replace the type writer" I would never invest real dollars into fathom hype failing investment" ect... Point incase is Oleary is an old school hack just like his dungeon buddy Warren Buffet. When the real value of BTC and all Utility driven ALT's explode like anything we've seen b4 both of them will lose what little hair they have left.
Fees on Coinbase are crazy, like 1.5% to buy then 1.5% again to cash out. Lucky for us Bitcoin and Ethereum posted 5x and 10x returns in the past year.
Pomp is so great in these interviews. Calm, well formulated and reasonable. But whyyyyyyyyyy does he like all this stupid shi* on Twitter which spams my feed.
I don't think he gives a fuck he has his old ways of making money even though he's an idiot with Bitcoin. Just a rude old bastard to new things he couldn't be bothered researching
Credit is a belief system. Barter system is believe. Gold and silver is a believe and gasoline for your car is a believe. Bitcoin hides under that idea.
Lying to people is one of the strategies for rich to stay rich, Bill Gates talked bad about BTC back in the day, and said that he only owned a few because it was a birthday gift, yet Microsoft was testing BTC to develop on top of it.
He also bought a bucket of shitcoins... what if a guy comes to O’Leary and says the stock market is garbage because he bought a bucket of penny stocks and the average return sucks! 😂
Perhaps Kevin didnt expound this as it should have been. Its not really about disruptive tech, or whatever technology a new investment is driven by. Investing is always about capital preservation. Bitcoin is a "yolo" asset because its highly volatile. Comparing it to amazon is a boatload of crap because bitcoin is about belief. If people dont believe in bitcoin anymore, its worthless. Out of all the cryptocurrencies which ones do you think are going to come out on top? Short answer is nobody knows. Its really like Vegas. Not trying to say that it can't constitute a part of one's portfolio, but if it takes up a a size not commensurate with the risk youre taking, youre essentially just gambling.
Wilson T fair points. In my opinion, you’re right that Bitcoin and AMZN don’t compare. One is a single company, and the other is a new asset class / international currency or gold 2.0. Bitcoin lets you send any amount of money, anywhere in the world, within 10 minutes at the cost of a postage stamp. This is not a “ belief”, it’s a fact. Those like O’Leary who don’t get this game changer are better off sitting on the sidelines. With Bitcoin, you just rolled out a public domain Visa network / international DEFLATIONARY currency and it’s still being “funded” by the public. Its been building up over the last 9 years is not going away anytime soon. To replace bitcoin would take at least another 7 years or so. Which cryptocurrency will do best? Well “first to market” is key here. Also Bitcoin wins the now tried and tested “online store of value” functionality (aka digital gold). Bill Gates once called the Internet just a “fad”. Buffet calls bitcoin a Ponzi scheme. Just because you’re super rich doesn’t mean you’re always right. Just ask their wives.
@@studentchaoren9805 Very fair points across the board. Without a doubt, cryptocurrency is here to stay, and I am not denying its potential in making transactions more secure, accountable, etc. However, you can't say that these people (Buffett, Gates, O'Leary, etc.) don't get the technology, it just does not suit their risk appetite. In my unqualified opinion, I feel that it is hard to choose the right cryptocurrency to bet on, and bitcoin having the first mover's advantage doesn't help. "Tried and tested" is just a term for using the backview mirror. You can't drive just by looking at the backview mirror. i.e. the past does not equate to the future. What I meant by "belief" is how many modern day currencies are valued (including crypto). You need volume and market share, among other things. Metcalfe's law. But what if fewer people believe in it tomorrow? Until the day people don't view it as a speculative asset, cryptocurrencies will never be currencies. In a rapidly changing world, anything can happen, including the fact that people dont believe in mainstream fiat currencies anymore. But if I were to make a bet, I'd still choose fiat because the probability is much less likely as opposed to a single crypto, or some diversified portfolio of crypto. Based on what you said, by some calculations, bitcoin would take at least 7 another years to be replaced. However, what's to stop everyone from eventually knowing this fact (assuming it is a fact), and exit earlier? When this happens, people will start exiting earlier in droves. Essentially game theory. To conclude my points, I wouldn't even put my money in it believing that it is "gold 2.0" because of its inherent volatility. I (like many others) can't sleep at night knowing 1 day my net worth is up 200% another day my net worth is down 80%.
Wilson T fair enough. BTC is $7,775 today. Let’s tag this here and if we return to this topic in 12 months, then I’m curious to see if it hits $50,000 by then.
Well done Pomp! You stayed cool under fire, and planted the seed in Mr. Wonderful’s head back then. He’s quite a believer now. Thanks for doing what you do!
Woah I thought I liked Kevin! He doesn’t know a thing about crypto! “A game” “I bought all of them” What the three that were on coin base at the time ???hahahahahah
Kevin does exactly what everyone else who has positions in gold. Publicly slam Bitcoin to keep it from overtaking gold, secretly buy it in order to hedge.
Title of video should be: "Watch Shark Tank's Kevin O'Leary miss the boat on Bitcoin". Or "Watch Shark Tank's Kevin O'Leary expound his ignorance on Bitcoin".
Lesson: Don’t ever listen to anyone give advice on a topic they clearly don’t understand! Kevin does NOT understand Bitcoin! On the other hand, Anthony clearly knows his stuff on the topic.
I can invest my money on ETFs right now and get approx 7% of profit every year (data from the last 200 years of stock market) and keep doing that for 40 years and ill be a millionare. If I invest the same amount in bitcoin over 40 years, chances are ive either tripled my money or lost all. The blockchain or similiar technology is future. Bitcoin itself is not.
Videoforum Hi, You’re somewhat like our dear Kevin, you know about something you speak of, in this instance stock market returns, but you know next to nothing about Bitcoin!! Good luck to you whatever you choose, particularly if you’re going to wait for 40years!!
The argument that Bitcoin is worthless because it has no intrinsic value is a poor one. With that same argument, technically any paper note issued by a bank is worthless as well. We just accept the value of paper notes (dollars) because of its mass adoption. If cryptocurrency is adopted by many stores in various countries, then it of course has value.
The point is it has no intrinsic value as an "investment" like real estate for example. Bitcoin is supposed to be a currency but people don't use it that way. They buy it and hoard it hoping the price will go up so they can cash out. Nobody (maybe some people) does that with actual currency.
@@jamescrud good point. Also paper money has no intrinsic value, but it is backed by the government, thereby giving it value. But crypto on the other hand, has no government backing (it is meant to be decentralised). It's just figures on a screen, it's almost no different from a game's currency.
Tyler Swan btc is worthless. It’s never going to be a actual currency. Really all block chain for that matter. There is no need for a new currency system.
Well technically there is no "High", buy high. Remember if you buy bitcoin today at 8k and it goes to 20k then you bought low, when you buy bitcoin at 20k and it goes to 100k then you bought really low so with Bitcoin your never going to miss the train and its never late.
He wants everyone to buy what he owns. He loses money every time someone buys bitcoin over apple stock. Hes not interested in trurth, he's interested in protecting his portfolio.
Do you think he really doesn't know this? Possibly. But he also put a hotel on the blockchain in New York City. He's probably on just to create controversy. With all his money he has no money invested in Bitcoin? Yeah
