The Man Who Owns 1% Of ALL Bitcoin

**Shaan Puri** (0:00)
So I can borrow $900 million at like 0.1% interest and put it into Bitcoin, which averages 100% annual appreciation for the last 10 years. Yeah, why not?

**Anthony Pompliano** (0:14)
Yes, but there's another detail to it.

**Shaan Puri** (0:26)
So, Pomp, dude, welcome. Last time you were here, I just went and looked it up four months ago.
The Bitcoin price was 37,000. Today, Bitcoin price is sitting at 69,000.

**Anthony Pompliano** (0:39)
Nice.

**Shaan Puri** (0:40)
In four months, that's kind of amazing. And my question to you, to start it off, why is the Bitcoin price going up?

**Anthony Pompliano** (0:47)
Well, prices go up because more people wanna buy than sell. So that's like the simplest example or explanation. But if you think about what's happened in those four months, probably the biggest thing is the Bitcoin spot ETFs got approved.
And in those ETFs, it basically just gives a ton of people access to the asset that previously didn't have it.
And so historically, we've seen these ETFs for certain asset classes get approved, lots of money comes in, the price goes up over a long period of time. I think people are surprised at how quickly assets have come in. There's over $10 billion that have flowed into these assets. And then also how quickly the price of Bitcoin has gone up and set a new all time high, within two months of the ETF.

**Shaan Puri** (1:25)
Sam, have you followed this? Have you been watching this, like the ETF stuff?

**Sam Parr** (1:29)
I know that when I tracked my net worth, which I look at every six months, it changed.
Yeah, it changed. And I saw that it went up and I had no idea why. Sam, be honest.

**Shaan Puri** (1:43)
When the net worth goes up, do you strut a little differently around the house?
Do you look at Sarah a little differently? You expect her to look at you a little differently? Tell me the truth.

**Sam Parr** (1:53)
Baby, we done it. We made it, baby.

**Shaan Puri** (1:56)
Pomp was right.

**Sam Parr** (1:59)
It's red panty night. We made it. We done it, baby. That's what we say.

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**Anthony Pompliano** (2:30)
I'm surprised you only check every six months. I check on a weekly basis and track it pretty religiously. And I feel like things you measure move.
And so if you want it to move, then you got to measure it.

**Sam Parr** (2:42)
I track income. I don't track net worth because there's nothing I could do about that. I'm not like you guys. I've done it, set it and forget it.
But now that Bitcoin and Ether is close to an all-time high, Bitcoin is, I think. Should I just sell it all and get out?

**Anthony Pompliano** (3:00)
The number one rule of Bitcoin is you don't want to sell your Bitcoin, obviously.
No, I mean, look, I think the long-term kind of like thesis around Bitcoin is no different than it's always been, which is you have a scarce supply asset. There's lots of people who want it. That number of people who want it is increasing. Now, the people who are banging on the door aren't like retail investors on the internet. With $10, it's large institutions that have billions of dollars.
They're obviously allocating to it. And probably the most exciting part over, you know, call it the next 12 months or so, is that at the same time that all this demand is coming in, the Bitcoin halving is coming. And that's just when the daily incoming supply, the number of Bitcoin that get created each day, is going to get cut in half from 900 Bitcoin to 450 So like I always joke, if you went to economics 101 class, supply and demand, if supply goes down and demand goes up at the same time, then the price has to go up to accommodate everyone. And we've seen this happen before and it probably happened again.

**Sam Parr** (3:52)
Is most of your net worth in crypto stuff now, Pomp? I mean, I know it was, you're still holding strong.