Bitcoin (BTC) Advocate Anthony Pompliano Shares Four Rules of Financial Independence. They're Not About Crypto

News
Tue, 05/12/2020 - 00:52
Vladislav Sopov
Vocal Bitcoin (BTC) maximalist, co-founder and partner at Morgan Creek Digital, Anthony Pompliano, has revealed four rules that can help you reach financial freedom
Cover image via www.youtube.com
Contents

The popular cryptocurrency analyst and podcast host, Anthony Pompliano, has dismissed 'get-rich-quick' schemes. His advice is definitely worth listening to as it is rarely akin to a 'to-do-list' from a motivational coach.

Don't try to get rich quick

Remembering his Reddit answer to the question of how to quickly turn $1,000 into $100,000, Mr. Pompliano highlighted that he recommends avoiding all sorts of 'magic schemes'.

First of all, people should spend less than they make. Then, multiple sources of income should co-exist in building wealth.

Potential assets to invest in should be analyzed very closely. Mr. Pompliano recommends taking money out of inflationary assets and investing only in deflationary assets.

Patience is a true virtue of earning, the analyst concludes. If you want to get rich, you should stay patient and disciplined and not expect big money to come soon.

And what about crypto?

Despite cryptocurrencies not being mentioned in his advice, numerous altcoin shillers entered the comments section and started to promote Chainlink (LINK), Nimiq (NIM) and even the dubious coin HEX.

Related
Whale Alert Removes HEX Crypto Transactions, Implying Coin’s Dubious Nature

However, crypto and Bitcoin (BTC), in particular, was previously mentioned by Anthony Pompliano as investment instruments independent from manipulation 'by a single country or politician'.

card

As previously reported by U.Today, Mr. Pompliano revealed that his Morgan Creek Digital hedge fund spent a year seeking an asset to hedge against the uneven performance of traditional indexes, such as the S&P 500 and NASDAQ.

Finally, they decided to use Bitcoin (BTC) for such purposes.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy