782 - What's the deal with BITCOIN with Anthony Pompliano (Part 1)

I think there's four main use cases of Bitcoin: There is a store of value, there's a medium of exchange, there's speculation, and then there's what I'll just call resistant technology or freedom technology.

Being able to eclipse the gold market cap is, in my eyes, somewhat inevitable. Some of that's because Bitcoin is going to grow; some of that's because gold is going to contract. But I think that Bitcoin only becoming a gold equivalent would be very short of what is likely to be possible.

Holding on to cash is like the stupidest thing you could do in the financial market. It's guaranteed to lose value. You're going to lose your purchasing power if you hold it.

In the last 10 years, Bitcoin has appreciated more than 1.4 million percent, and it is up 400 percent in the last 12 months.

If people were actually spending Bitcoin for nefarious purposes, there would be a ton of risk to that ... The estimations are about .4%, about 40 basis points, of the transactions are actually for nefarious purposes compared to a legacy system where $2+ trillion are laundered on an annual basis.

Whether you're a politician, you're a corporation, or a financial institution, or you're an individual, you're going to realize that being able to plug into the Bitcoin ecosystem is probably the single greatest thing you can do.