Anthony Pompliano: "Companies Holding Bitcoin Are Effectively Defying the Dollar"
Summary
- He stated that holding "Bitcoin" as a financial asset is a 'contrarian bet' on the function of the dollar as a store of value.
- Pompliano said that "The excessive dependence of companies on the dollar undermines shareholder value," and suggested that holding Bitcoin may be a better long-term choice.
- ProCap BTC LLC, founded by Pompliano, currently holds 4,932 BTC and is pursuing an initial public offering.
The notion has been raised that holding Bitcoin (BTC) as a financial asset represents a 'contrarian bet' on the function of the dollar as a store of value.
According to Benzinga Crypto, a leading financial media outlet, on the 29th, crypto investor and entrepreneur Anthony Pompliano stated in an interview with CNBC, "The U.S. dollar has lost about 30% of its purchasing power in the past five years," adding, "Holding Bitcoin could be a better choice than holding dollars over the next decade."
Pompliano commented, "While integrating Bitcoin into balance sheets may seem counterintuitive today, it will eventually become mainstream in the market," and pointed out, "Companies' excessive dependence on the dollar is actually undermining shareholder value."
Meanwhile, Pompliano recently founded a Bitcoin treasury strategy firm called ProCap BTC LLC, which currently holds approximately 4,932 BTC (worth about $587 million). The company is now working towards an initial public offering (IPO) and is preparing to go public under the name ProCap Financial through a SPAC merger.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
