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The Pomp Podcast

329: Jon Najarian On Wall Street and Bitcoin

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.81.9K Ratings

🗓️ 7 July 2020

⏱️ 80 minutes

🧾️ Download transcript

Summary

Jon ‘DRJ’ Najarian was linebacker for the Chicago Bears before he turned to another kind of contact sport – trading on the Chicago Board Options Exchange. He became a member of the CBOE, NYSE, CME and CBOT and worked as a floor trader for some 25 years. He built and sold a number of companies, including a $750 million exit to E*TRADE in September 2016. In this conversation, we discuss the physicality of the old school trading pits, how Wall Street has evolved over the years, Robinhood, Davey Day Trader, why Jon and his brother are building a company to educate investors, and how much of his portfolio is currently in Bitcoin. ===============================  The BTSE exchange allows you to trade confidently. They are the leader in futures, which means they are pioneering Futures 2.0. With BTSE, you can trade next-level futures: freely choose and combine your margin and settlement assets and trade with up to 100x leverage. You can also sign up for a BTSE Elite membership that gives you unbeatable discounts and bonuses across the BTSE Exchange, OTC platform, and more. Go to BTSE.com/pomp to get a 10% discount on your BTSE Elite membership. ===============================  The Helium Hotspot is a new product that enables the people, not the telcos, to own and operate a wireless network in their city for Internet of Things devices. You can literally earn crypto for helping to build the network and providing connectivity to Internet of Things devices sending small bits of data. Join the movement and get your Helium Hotspot today with $50 off using the code POMP at helium.com.  =============================== Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com

Transcript

Click on a timestamp to play from that location

0:00.0

What's up, everyone? This is Anthony Pompliano. Most of you know me as Pump. You're listening to the

0:05.1

Pomp podcast. Simply the best podcast out there. Let's kick this thing off. John, Dr. J. Nogerrian,

0:13.1

was linebacker for the Chicago Bears before he turned to another kind of contact sport, trading on the

0:18.9

Chicago Board Options Exchange.

0:21.3

He became a member of the CBOE, NYSE, CME, and CBOT, and worked as a floor trader for some 25 years.

0:29.6

John has built and sold a number of companies, including a $750 million exit to e-trade in September

0:35.1

2016.

0:37.1

In this conversation, we discussed the physicality of the old-school

0:40.4

trading pits, how Wall Street has evolved over the years, Robin Hood, Davey Day Trader, why John and his

0:46.8

brother are building a company to educate investors, and how much of his portfolio is currently

0:51.2

in Bitcoin. I really enjoyed this conversation with John,

0:54.3

and I hope you do as well. Before we get into the episode, though, I want to quickly talk about

0:58.6

our sponsors. The first is Bitsy. The Bitsy Exchange allows you to trade confidently. They are

1:04.8

the leader in futures, which means they are pioneering futures 2.0. With Bitsy, you can trade

1:10.2

next level futures.

1:11.5

You are free to choose and combine your margin and settlement assets and trade with up to

1:16.3

100x leverage.

1:17.9

You can sign up for a Bitsy elite membership that gives you unbeatable discounts and bonuses

1:22.2

across the Bitsy Exchange, OTC platform, and more.

1:26.4

Go to Bitsy.com slash pomp. Again, BTSE, BTSY, BTSE.com

1:32.9

slash pomp, Bitsy.com slash pomp to get a 10% discount on your Bitsy Elite membership.

1:40.3

The second sponsor is helium. The helium hots Spot is a new product that enables the people,

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