Anthony Pompliano

When somebody opens up an exchange or a financial app and they say to themselves, I just got paid, I've got a little bit of money left over, where do I put it?

Every asset is competing with each other.

And so today, now all of a sudden, if I want asymmetry, it's not just Bitcoin as the only game in town.

There's Bitcoin, there's AI, and there's many, many other companies.

But there's also things like prediction markets and sports gambling.

When you add all of that up, it's all competing against each other.

And you may say, oh, there's no way somebody is trying to actually make a decision between buying Bitcoin, investing in Nvidia, or going and gambling on sports.

But I actually think that a lot of young people, that is how they think about it.

They simply are trying to drive a return.

And what you consider the difference between investing and gambling, they don't see it that way.

They simply see it all as risk-taking.

And so when you have high degrees of competition, when you have high degrees of risk-taking, it doesn't matter whether they're buying Bitcoin, an AI company, sports gambling, or prediction market.

To them, they are wagering capital, they are calculating probabilities of getting a return, and then they are living and dying with their decisions.

In one way, it's more of a free market.

It's much more meritocracy.

But also, on the other hand, it's kind of weird.

Do we really want our society addicted to gambling?

Do we really want our society going and trying to bet in a prediction market on the color of someone's tie or how long a press conference is?

Whether you like it or not, that's the world that we live in though.

And people are going to take their capital and they're going to vote with those dollars.