Anthony Pompliano

That 2% is now 10%-ish.

Is there any idea of like, maybe I just don't need more of it?

If it's 10% of my portfolio, I never expected it to be 10%.

It's just grown so much.

And I don't want to rebalance because I don't want to sell my Bitcoin because rule number one of Bitcoin is don't sell.

But a net new dollar going into Bitcoin means I'm going to push it higher than my 10% current allocation.

There's something about...

Bitcoin has still almost done so well.

The hardcore Bitcoiners were never going to sell and they wanted to become 95% of their portfolio.

But this mass adoption kind of cohort, I don't know if they want Bitcoin to be 50 to 95% of their portfolio.

Like there is some number that once it gets hit, it almost feels like they're like, okay, I've got enough of that.

Is that something that you think could be playing out too?

Hardcore zealot Bitcoin, or zealot not being a negative term, being a, like this is the essence of what Bitcoin is.

You have to pick one or two asset classes for, I don't know, through the end of 2026.

where you think that there's the most mispricing, the most misunderstanding, right?

I think some people will look at the things that have been working who are just down and like, oh, it's not over.

That's kind of one viewpoint.

But also I think that there's maybe the smartest investors that I really respect.

They are, what's the next thing?

Where's the next capital kind of rotation going to?