Bitcoin Is Too Big to Fail Says Anthony Pompliano

Yesterday, the entire crypto community was electrified when United States President Donald Trump tweeted his view on cryptocurrencies claiming “he is not a bitcoin fan”.

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Further, the whole crypto space reacted to his tweet, one among them was Morgan Creek Digital CEO Anthony Pompliano, popularly known as “POMP

Initially, Pomp responded saying  “If your argument is that Bitcoin is based on thin air, while Bitcoin’s argument is that it is based on math, who should we believe?”

Later, Anthony Pompliano went on CNBC’s Squawk Box to discuss the recent revelations that the US Federal Reserve Chairman Jerome Powell referred to Bitcoin as a store of value and that President Donald Trump is “not a fan” of cryptocurrency. 

The Bitcoin Supporter, Pomp, recently gifted Peter Schiff his first BTC and also claim that he never imagined, the president would be tweeting about cryptocurrencies.

Pompliano opens by stating that “gold is thousands of years old and a multi-trillion dollar asset, and to have it compared to Bitcoin by the Federal Reserve Chairman is monumentous”. 

During the discussion on CNBC’s Squawk Box, Pomp tells host Joe Kernen that Bitcoin is too big to fail.

Pomp also explain Trump’s evasion towards crypto, saying, “With Bitcoin, there is no CEO. You can’t send a letter or send somebody in for a hearing”.

Related coverage : 

 Justin Sun Invites Donald Trump to Join the Crypto Lunch with Warren Buffet

Nonetheless, Cryptocurrency has become a buzzing topic and is coming up more frequently. It will be interesting to see how US crypto users will react to this? Stay tuned with coinpedia for more updates.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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