The Man Who Owns 1% Of ALL Bitcoin

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 27 March 2024

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 567: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) talk to Anthony Pompliano ( https://twitter.com/apompliano ) about Michael Saylor’s $900M bet on Bitcoin, invisible blue-collar businesses he’s buying, plus 10 tech startups that could 10x your income and your reputation. Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5 Listen to the first episode of MoneyWise here - https://tinyurl.com/7m5ff3rt — Show Notes: (0:00) Intro (00:25) Bitcoin going up? (5:26) Michael Saylor's bet-the-company, burn-the-boats strategy (14:18) Pomp's take: genius or insane? (16:42)Product manager to people manager to money manager (20:35) Pomp's weird side businesses (28:51) The truth about buying blue-collar businesses (30:01) You can't put rocket fuel in a car (35:06) The prolific ownership of Philip Anschutz (36:35) Pomp's List: Startups You Should Work For (38:58) 10X reputation: Anduril or OpenAI (43:37) Shaan interviews at Facebook (50:35) 10X Potential: Eight Sleep, Varda, Figure.ai, Traba, Placer.ai, Rainmaker, Galvanick (1:04:45) How Pomp thinks about trade positions (1:10:28) A simple thesis on Solana (1:11:22) Being early on Andrew Tate — Links: • MicroStrategy - https://www.microstrategy.com/ • Out Where The West Begins - https://tinyurl.com/4v5mc8y5 • Figure - http://figure.ai/ • Eight Sleep - https://www.eightsleep.com • Varda - https://www.varda.com/ • Traba - https://traba.work/ • Placer - https://www.placer.ai/ • Rainmaker - https://www.makerain.com/ • Galvanick - https://www.galvanick.com/ — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. — Other episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto • #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Transcript

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0:00.0	So I can borrow $900 million at like 0.1% interest and put it into Bitcoin, which averages 100%
0:07.5	annual appreciation for the last 10 years. Okay. What's, yeah, why not?
0:14.0	Yes, but there's another detail to it.
0:16.0	I feel like I can rule the world, I know I could be what I want to.
0:21.0	I put my all in it like no days off on the road. So,
0:26.1	POM, dude, welcome. Last time you were here, I just went and looked it up four
0:30.4	months ago. The Bitcoin price was 37,000. Today, Bitcoin price is sitting at 69,000.
0:38.9	Nice in four months. That's kind of amazing. And my question to you, to start it off, why is the
0:45.6	Bitcoin price going up?
0:47.4	Well, prices go up because more people want to buy than sell. So that's like the simplest
0:52.0	example or explanation. But if you think about what's happened in those four months,
0:56.9	probably the biggest thing is the Bitcoin Spot EDFs got approved and in those ETS it basically just gives a ton of people access to the
1:04.6	asset that previously didn't have it.
1:06.6	And so historically we've seen these ETS for certain asset classes get approved, lots of money
1:10.6	comes in, the price goes up over a long period of time. I think people are
1:13.8	surprised at how quickly assets have come in. There's over 10 billion dollars that have
1:18.2	flowed into these assets and then also how quickly the price of Bitcoin has gone up and
1:22.4	set a new all-time high you know know, within two months of the E.T.
1:25.0	Sam, have you followed this or even watching this, like the E.T.
1:28.3	stuff?
1:29.3	I know that when I tracked my like net worth, which I look at like every six months it changed hours
1:35.4	yeah it changed and I and I saw that it went up and I had no idea why.
	...

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