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Anthony Pompliano: Bitcoin Should Not Be Measured In Dollar Terms
Summary: Millionaire investor Anthony Pompliano addressed the way the digital asset is valued as well as the dreaded volatility on a recent episode of CNBC’s Squawk Box. Presently, one bitcoin is trading for around $46K. This apparent value is derived from the dollar, which confers a fiat value upon an asset that was created to replace ...
Millionaire investor Anthony Pompliano addressed the way the digital asset is valued as well as the dreaded volatility on a recent episode of CNBC’s Squawk Box.
Presently, one bitcoin is trading for around $46K. This apparent value is derived from the dollar, which confers a fiat value upon an asset that was created to replace it. Pompliano says that this should not be so. Instead, bitcoin should be priced in bitcoin. This way, “one Bitcoin still equals one Bitcoin,” he said.
The deflationary asset was designed in a way that it appreciates in value over time rather than depreciate, as is the case with the dollar. “The dollar itself is hyper volatile as well,” said Pompliano. “We just don’t think of that because all of the goods and services around us are priced in dollars.”
By Amy Liu
Tags: Anthony Pompliano,Bitcoin,Dollar
Link: Anthony Pompliano: Bitcoin Should Not Be Measured In Dollar Terms [Copy]
