“It Is Becoming Irresponsible To Have No Exposure To Bitcoin” – Anthony Pompliano
Anthony Pompliano’s statement has become more relevant than ever. That’s because governments around the world have started injecting massive amounts of fresh money into their economies. They refer to it as Quantitative Easing (QE). Unsurprisingly, a government printing new bank notes is considered Easy Money – the exact opposite of Sound Money. Monetary history has proven time and again that this won’t end well because of the inflation that follows. As pointed out in Bitcoin is the new Gold, the only form of money successfully surviving and thriving over millenniums is Sound money – money where supply is limited either naturally, as for Gold or artificially, as for Bitcoin.
I am also an Open Source Software and cryptocurrency enthusiast and in January 2014, I purchased my first fraction of 1 Bitcoin – 0.034 BTC to be precise – in exchange for 25 EUR. Today, the same fraction of a bitcoin is worth about 300 EUR. That’s a return of more than 1,000%, which shows just how relentlessly the world has embraced this truly open, decentralized, borderless, censorship-resistant, universal currency in favor of government-issued bank notes. More importantly, it was back then when I discovered my passion for the groundbreaking technology which underpins digital currencies such as Bitcoin and Ethereum: trustless, decentralized blockchains and the rules of consensus without the need for banks, intermediaries and other custodial services.