Is Bitcoin A Good Hedge Against Global Instability & Uncertainty?

Anthony "Pomp" Pompliano appeared on CNBC's Squawk Box to discuss Bitcoin, specifically whether it would serve as a good hedge during times of global instability, turmoil, and uncertainty.

[AnthonyPompliano]

Friendly reminder that this interview originally aired in August of 2019 :)

[niuniu]

"You don't trust Bitcoin, essentially you are saying you don't trust cryptography." WOW.... spot on !

[houssamzak]

As always strong content and sharp ! God bless Pompliano

[educateyourself]

You are not nuts... !!! You're smarter than the whole studio together. You understood the money system ... !!!

[steveworth]

Anthony I almost feel sorry for these guys. Your confidence in your knowledge is great. Didn't Polina mention this was why she didn't win arguments with you!?

[bradycarpenter]

“I teach this stuff. Well, everything except my lies and pretending to be ignorant!”🤪

[shayneduncan]

An uncorrelated hedge is different from a safe haven. He never said safe haven. Also, the trick question 'how much bitcoin do you own?' - if you say none or very little you get hammered for not being credible and not putting your money where your mouth is. If you say 50% or more they call you irresponsible.

The guy looked a little sheepish when called out on how much his net worth is invested in stocks.

[sleepycharlie]

Did anyone at CNBC ever write that guy up for slander? Lol. So rude.

[gaeldesmontagnesnoires]

BTC & ETC are hard money like Gold... ETH and most crypto are money like fiat with quantitative easing.

[EplemosLife]

You got to pomp it up, and dont you know pomp it up!

[dylandowdy]

We haven’t seen 11, 700 since... pomp you gota pomp bitcoin for us!!!✊️😂

[donaldoarmand]

"Humans will continue to believe in Ethereum over Bitcoin largely because $ETH is programmable and bitcoin has become a reliable, albeit stable digital gold:

[onzukasns]

Seems very correlated to me. Watch bitcoin take a hit again when market goes into deeper correction.

[Needlestitch]

Hedge is a word I wouldn't use where it concerns btc. Btc is the better alternative for traditional fiat coin at the moment.
Btc is fundamentally signaling the underlying destructive outcome of traditional fiat coin which is lowering power and control levels more and more of ordinary people.
Bitcoin's purpose is decentralizing power in the first place. Bitcoin has a flattening effect (building a level playing field). That's why Bitcoin is so threatening and undesirable to the people and institutions at the top of their self-made pyramid of control to the few and over the billions.

[ramdas]

That Ethereum "crap" is doing pretty well right now. Maybe should have done some research and learned what it actually was he bought.

[killapnguin]

No not at all. Look at the perform vs gold during the last few months of CV craziness. Good god, CNBC will do anything to promote bitcoin. Bitcoin is the furthest thing from a hedge.

[jesslyn]

Normal ppl like me still have no chance!!

[nikkovaldez]

it's hard if there is only 1 smart open minded person in the room. these people contradicting sticks to what they know and sticks with their ego. come on guys go and see what's outside the box and it might work. do your diligence on your research.

[noahweikert]

This didn't age will probably should have bought some gold

I like! Keep it up! Would you like to be YouTube friends? :)