June 01 2021

Pomp – Bitcoin, Asset Allocation, and the Psychology of Crypto HODLing

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Pomp – Bitcoin, Asset Allocation, and the Psychology of Crypto HODLing

Pomp – Bitcoin, Asset Allocation, and the Psychology of Crypto HODLing

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About the episode

Anthony “Pomp” Pompliano of The Pomp Podcast and The Pomp Letter fame joins Kevin to dig into a treasure trove of crypto and investing know-how.

About our guest
Anthony "Pomp" Pompliano

Anthony “Pomp” Pompliano

Anthony “Pomp” Pompliano (@APompliano) is an entrepreneur, investor, and host of The Pomp Podcast. He has built and sold numerous companies, run product and growth teams at Facebook, and manages a portfolio valued at more than $500 million in early-stage tech companies. He also writes a daily email newsletter on business, finance, and Bitcoin that you can find at pompletter.com.

Topics covered

Show notes

How did Pomp get involved in the crypto space?[01:27]

How Pomp and his partner used old car tires to power their crypto mining enterprise early on.[03:47]

What are Pomp’s thoughts about the sustainability of crypto mining these days?[05:10]

Will Bitcoin always be based on a proof-of-work system?[07:39]

Is it possible for a large-scale investor to control a crypto market by effectively buying a percentage of its mining network, or are there ways to safeguard against this?[09:30]

How does Pomp decide where to spend his time and resources when it comes to asset allocation, and in what ways has this changed over time?[13:10]

Does Pomp think he’ll change his asset allocation strategy to something more traditional (i.e., safer) as he gets closer to retirement age?[16:23]

Is Pomp committed to investing only in Bitcoin, or does he dabble in other cryptocurrencies?[18:13]

What projects outside of Bitcoin does Pomp find interesting?[19:53]

Pomp’s thoughts on the influence of crypto communities, and how memecoins are like Berkshire Hathaway.[23:05]

How can we tell if memecoins are around for the long haul, or if they’re just fodder for pump and dump opportunists?[26:11]

Trying to discern what makes a crypto asset valuable can be counterintuitive from a conventional finance perspective.[31:12]

What will it take for us to see the emergence of new top five coins?[33:05]

Does a burst crypto bubble even phase Pomp these days?[36:57]

How does Kevin react to a crypto downturn?[39:10]

How cost basis factors into the psychology following a volatile crypto market.[40:06]

Pomp’s thoughts on NFTs and the platforms that peddle them.[40:59]

Kevin’s thoughts on how NFTs make previously inaccessible assets available to more people.[44:49]

What’s the future of automated finance?[45:58]

“Just follow the talent”: The high degree of intellectual capital flowing into crypto shouldn’t be underestimated.[48:39]

Does Pomp collect NFTs?[50:21]

Why is blockchain archaeology so fascinating? Let us count the ways.[51:27]

What does Pomp’s current personal crypto stack look like?[53:38]

How to find Pomp online, why you should listen to his podcast, and parting thoughts.[55:25]

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