Larry Fink Is RIGHT About Bitcoin | Anthony & John Pompliano
The Pomp Podcast
Anthony Pompliano
4.6 • 2K Ratings
🗓️ 16 December 2025
⏱️ 42 minutes
🧾️ Download transcript
Summary
Anthony and John Pompliano break down what’s really happening in the bitcoin market — why price has stalled, how volatility is evolving, and what most investors are missing about the next phase of this cycle. We dig into the Federal Reserve’s rate-cut debate, the broader economic backdrop, and how liquidity conditions are shaping risk assets — with a brief touch on BUD/S training and why discipline matters in markets and life.
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- 0:00 - Intro
- 0:25 - Larry Fink: bitcoin as an “asset of fear” & why price has stalled
- 7:10 - Why drawdowns matter less over time
- 11:00 - Jobs data, wages, & the macro split narrative
- 15:55 - Consumer sentiment vs social media sentiment
- 18:02 - Santa rally & market psychology
- 19:32 - Can anyone catch up to Strategy?
- 25:22 - Has the bitcoin narrative changed? & 2026 outlook
- 39:07 - BUD/S training comparison & volatility
Transcript
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| 0:00.0 | What's going on, guys? |
| 0:00.9 | Today we've got a great conversation with John Pompeiano. |
| 0:03.1 | We're going to talk about what's going on in the Bitcoin market. Why is price not going up? I've got a very interesting idea that I think you will like about how to see the Bitcoin market moving forward. We talk about the Fed, cutting interest rates, what's going on in the economy. And, of course, how could we possibly talk about Bitcoin and Bitcoin volatility without talking about Bud's training and ringing the bell? You're going to love that part of it as well. |
| 0:23.0 | Here's my latest conversation with John Pompilano. All right, John, what's the first topic? Larry Fink, boss, Bitcoin is an asset of fear. You believe them. It's true. 100%. His point, so he recently went to the New York Times deal book summit. He was talking with Andrew Ross Sorkin. And he talks about how Bitcoin is an asset of fear. And his point was when people are fearful, they look for some sort of safety asset, right? It's a flight to safety. So gold and Bitcoin historically have served as a great thing. If it's uncomfortable, if you're nervous, you go and you store something where you have confidence that |
| 0:54.4 | it's going to still be there. And so his point was when the U.S.-China trade deal got announced, |
| 0:59.9 | Bitcoin went down. Why? There was less uncertainty. There was more certainty. More certainty equals |
| 1:04.6 | less fear. Less fear equals a lower Bitcoin price. And so if you extrapolate that to today, why is Bitcoin's price not going up? |
| 1:13.2 | That is one part of it is like, what is there to be fearful about right now? |
| 1:16.7 | Were you nervous about AI? |
| 1:18.7 | Or you think of an AI bubble? |
| 1:19.9 | But gold is typically a fear asset as well, right? |
| 1:22.3 | And that has rallied pretty well. |
| 1:23.4 | So Bitcoin and gold both rallied up until about a month before everyone thought, |
| 1:29.0 | oh, the four-year cycle type stuff, right? |
| 1:31.2 | So another thing that I think is pretty important is Jeff Park. |
| 1:34.7 | He wrote this great piece recently about a lot of large holders or kind of OG whales selling |
| 1:40.7 | calls against their Bitcoin. |
| 1:42.7 | And so you can think about this like call selling is essentially |
| 1:45.7 | they're selling away the upside of the Bitcoin, right? It provides some sort of like ceiling or |
| 1:49.7 | pressure on Bitcoin's price. I don't think that there's one single silver bullet you can point |
| 1:55.1 | to, right? I think it's the culmination of a lot of this stuff. And then I do think that there is just |
| 1:59.5 | some belief that like, hey, the four-year rally and cycle is supposed to hold. And so there's a bunch of people |
... |
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