Anthony Pompliano

Is there any credence to...

people started buying Bitcoin or cryptocurrencies in general.

2020, 2021 was really kind of like the big moment that I would say we transitioned from early adopters to beginning of mass adoption, right?

That crowd, if they, let's say, were buying Bitcoin and they said, you know, I'm pretty risk averse, but I think I need to have this in my portfolio.

I'm going to put 2% exposure on.

I'm not a crazy zealot, you know, Bitcoiner, but also I don't believe the dollar's the best place to have, you know, all my wealth.

And so this Bitcoin thing seems to have a place in a portfolio.

I'll put 2%.

Bitcoin's up 500% since then, over the last five years, up 500%.

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.