Popular bitcoin bull and Morgan Creek Digital founder Anthony “Pomp” Pompliano says everyone in the industry of cryptocurrency is underestimating bitcoin.
Speaking in a recent interview with Real Vision’s Raoul Pal, Pomp compared market adoption for bitcoin to the general trend in digitalization, saying the digital version has always proven to be superior.
He called bitcoin an “absolute apex predator” in financial markets and said the majority of people failed to understand the superiority of digital assets over analog products.
I think Bitcoin is going to be the next global reserve currency and I think that every single person that’s listening to this, every single person in the industry is completely underestimating this thing.
Pomp continued, saying the technology industry was better suited to create superior products, including electronic payments.
The Morgan Creek Digital founder also highlighted bitcoin’s scarcity in relation to gold, citing the 21 million BTC max supply.
If you make a single statement: ‘Gold is scarce,’ and I say ‘Prove it,’ you can’t. If I say to you ‘Bitcoin is scarce,’ and you say ‘Prove it,’ I can show you there are 21 million Bitcoin. I can show you the exact number in the circulating supply.
Featured Image Credit: Photo via Pixabay.com
Source: Read Full Article