What Many People DON’T KNOW About Bitcoin & Money – Anthony Pompliano
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Anthony Pompliano on The Future of Money and How Bitcoin Will Change The World

In this video, Anthony Pompliano reveals how those who lack personal finance knowledge are missing out. He also explains why Bitcoin is the solution to the current financial crisis. Here is the summary of the interview:

Statistics show that 45% of Americans hold no investable assets. That is, they have no stock, bond, real estate, cryptocurrency, or similar assets that are expected to appreciate in the future. That 45% of the population is living paycheck to paycheck. They keep all of their wealth stored in dollars in a bank account. They aren’t well financially and aren’t educated about how the system works. So, there’s a wealth inequality gap and also a very large education gap because the education gap drives most of the wealth inequality. It’s because the debasement of the currency had made that interesting.

Many intelligent people are still staying poor because their frame of reference is detrimental. That is, they think in the wrong way. They refuse to take advantage of Bitcoin growth.

One key rule everyone should understand is that the dollar will be worth less than its purchasing power terms over a long period. That’s neither a negative nor a positive stance towards the dollar. It’s just a fact that is called inflation. The system is built that way. Having known the above fact, you should be financially incentivized to either invest the money or to spend it. But holding it is a losing proposition. 45% of Americans end up not investing or spending the money. They try to save it, but it’s losing value.

In the past, it was safe to save money and make your way to financial security partly because before 1971, there was no debasement of currencies.

There are many paths through which you can achieve financial prosperity. Holding Bitcoin is one of them. Bitcoin is the only one that has an opportunity to ascend to global reserve status and end up being the superior monetary form. Although in terms of technology, there are many competitors. Bitcoin is competing with fiat currencies as a store of value and medium of exchange.

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Credit: Tom Bilyeu (Full unedited video)
Anthony Pompliano on the Future of MONEY, and how BITCOIN Will Change The World As We Know It


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