CELEBRITY CRYPTO EXPERT EXPLAINED: WHAT'S THE SECRET TO WEALTH?

CELEBRITY CRYPTO EXPERT EXPLAINED: WHAT'S THE SECRET TO WEALTH?

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Anthony Pompliano has explained what the secret to wealth is. 

During a recent YouTube post, Anthony Pompliano, co-founder and cryptocurrency expert at Morgan Creek Digital, made remarks on the current post-COVID-19 economy, noting the U.S. government's efforts to print and spend money.

“The secret to being rich is to get rid of cash and lie down assets like stocks, real estate, gold and Bitcoin, which will continue to gain in value for a long time, " Pomliano said., ” he said.

Economic Struggle

Measures to prevent COVID-19 have caused many people to lose their jobs and the economy to stagnate. In an effort to fix the economy, governments have found the solution to printing money constantly. Although this policy of printing money seems to have saved the day, it actually has the potential to cause far more serious problems in the long run.

Pompliano also touched on exactly this issue and expressed that it makes more sense to give up cash rather than fight the Federal Reserve. In his remarks on the matter, Pompliano said::

Don't believe the Fed cares about ordinary citizens. The Fed pays attention to managing an economy and raising asset prices.

Inflation and America

In the past half-century we have seen the dollar's inflation rise considerably, especially compared to gold. Pompliano reveals a 45-degree angle in a chart showing the price movement of the past few years in the stock market. So when markets are valued in dollars, markets have risen significantly over time.

Among the assets Pompliano mentions, Bitcoin in particular, by its nature, provides protection against inflation. Only 21 million Bitcoins (BTC) will exist, depending on the original code of the entity. As the world's governments constantly print money, Bitcoin's supply will remain steady, making it a hedge of sorts.

Along with all this, the fact that Bitcoin has once again proven its power, especially in the wake of the Twitter scandal, seems to back up Pompliano's remarks.


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