TV ‘Shark’ Dismisses Bitcoin As ‘Worthless’ Based On One Unsuccessful Real Estate Deal

‘Shark Tank’ investor, Kevin O’Leary, has been dialling up the FUD, calling Bitcoin ‘garbage’ on CNBC’s Squawk Box. He felt the need to interject his comments during a segment discussing potential reasons for Bitcoin’s recent rally. Although it turned out his conclusion was based on a very small dataset. A Normal Day Discussing Bitcoin On CNBC’s Squawk Box O’Leary’s rant began…

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Bitcoin Can Become a $5 Trillion Asset by 2024, Says Anthony Pompliano

Anthony Pompliano of Morgan Creek Digital believes Bitcoin is in a unique position to experience parabolic growth within the next five years, taking its market capitalization to $5 trillion. Bitcoin Set for Parabolic Growth In a tweet published on Monday (April 22, 2018), Pompliano identified Bitcoin as the only sub-trillion-dollar asset that looks capable of increasing by as much as 50…

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Bitcoin is Now Moving 11% Of Venmo’s Yearly Total in One Day

Bitcoin scaling solutions may be getting huge publicity in 2019, but the amount of money the network processes daily could already cause headaches for competitors. Bitcoin Usage Tramples Venmo As Morgan Creek Digital co-founder Anthony Pompliano noted on social media April 17, Bitcoin’s ‘on-chain’ transaction volumes grew to $7 billion per day earlier this week. Those figures came purely from standard…

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‘Every Exchange Should Delist BSV on May 1st’ – Says Anthony Pompliano

Anthony Pompliano is calling on all cryptocurrency exchanges to delete Bitcoin SV (BSV) on May 1, 2019, as a repudiation of the claims of Craig S. Wright (CSW) and Calvin Ayre that BSV is the “real Bitcoin.” Pomp Calls On Exchanges to Delist Bitcoin SV In a tweet posted on Friday, (April 12, 2019), the Morgan Creek Digital co-founder sounded the…

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Major US Retailer Ditches Visa – Now Considering Bitcoin’s Lightning Network

US retail giant, Kroger, is no longer accepting Visa credit cards at its chain of Smith’s food and drug stores. So Anthony Pompliano tweeted an offer to hook them up with Bitcoin’s Lightning Network nationwide. Fees-a Not Accepted Here It all started on Friday when Kroger announced the move to no longer accept Visa credit cards, citing excessive fees. The Smith’s…

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First US Public Pensions Invest in $40M Cryptocurrency Fund

A brace of public pension funds is backing a $40 million venture-capital fund established by Morgan Creek Digital which focuses on cryptocurrency investments. This development marks the first ever involvement of U.S. pension funds in the virtual currency investment space. Pension Funds Anchor $40M Cryptocurrency Investment Morgan Creek Digital announced on Tuesday (February 12, 2019) the launch of a $40 million…

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‘Buffett Bet 2.0’ – Investment Fund Puts $1M on Bitcoin to Outperform S&P 500

Asset manager, Morgan Creek Digital, is offering an interesting wager if anyone is willing to take it. It’s willing to bet $1 million, that its Bitcoin-focused Digital Asset Index Fund outperforms the S&P500 over the next ten years. Buffett Bet 2.0 The fund tracks ten major cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, although the bulk (78%) is Bitcoin. Morgan Creek…

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Bitcoin Fundamentals Haven’t Changed, Says Anthony Pompliano

Bitcoin isn’t dead, says Anthony Pompliano, despite the current massive cryptocurrency price plummet. The Morgan Creek Digital Partner believes emphasis should be on fundamentals (which haven’t changed), rather than price. Market Fundamentals Trump Price Action Speaking to CNN on Friday (November 23, 2018), Pompliano declared that Bitcoin’s current price didn’t significantly alter the historical outlook. Beginning on Wednesday (November 14, 2018),…

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Expect More Crypto Hedge Funds To Close in 2018… But Not For Why You Think.

In a recent tweet thread, Anthony “Pomp” Pompliano, co-founder of Multicoin Capital, outlines why many of crypto hedge funds might be closing their doors in 2018. Most people would expect that the bear market and the prices would be the number one reason why most hedge funds are closing up shop. While this is certainly a factor, Pomp believes that it has…

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Danske Bank’s $235B Money Laundering Tops Entire Cryptocurrency Market Cap

Danske Bank, the Danish lender at the center of a giant Russian money laundering scandal, illegitimately processed more cash than the entire cryptocurrency market cap combined. One Bank, $235 Billion The astonishing figure, noted on social media by Morgan Creek Digital founder and partner Anthony Pompliano this weekend, comes as the true extent of the banking sector’s latest revelation remains unknown….

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