Stablecoins & Artificial Intelligence Want To Save The US From Crisis
To investors, The Wall Street Journal published an op-ed over the weekend from former House speaker Paul Ryan titled Crypto Could Stave Off A US Debt Crisis. In the article, Ryan highlights the impending crisis our country faces:
One of Ryan’s proposed solution is to watch what is happening with dollar-backed stablecoins. He isn’t claiming that stablecoins will be the only solution, but the following two paragraphs highlight the current momentum in stablecoins and increasing importance of their rise:
This analysis would be important regardless of who was presenting it, but it carries more weight when coming from the former House speaker. Paul Ryan intimately understands the economic and monetary policy issues we face as a country. His focus on stablecoins will only bring more attention to the potential solution. Stablecoins are not the only solution though — I was talking to friends at lunch yesterday about an interesting scenario worth sharing. The explosion in artificial intelligence is drastically increasing the efficiency and productivity of companies. I am not talking about the shiny, new “AI companies” that seem to be everywhere, but rather the existing companies that are leveraging AI internally to improve operations. These companies can now get more done with less people or less capital. This efficiency boom in productivity will lead to an increase in GDP. Based on some of the early data I am seeing, the GDP growth could be faster than the US debt growth. If this holds, which there is no promise that it will, then we could have a scenario where the debt-to-GDP ratio declines in the US over the coming months and years. This seemed impossible less than two years ago. If it happens though, the GDP growth would be a much-needed relief valve for a debt environment that seems out-of-control. The true solution is probably a mix of options. Stablecoins are going to provide a new set of buyers for US debt. Artificial intelligence is going to drive GDP growth at a faster pace than without it. Hopefully serious, responsible politicians are elected into office who attempt to balance the budget as well. Complex problems like the US economy can’t be solved with magic bullets. We need many different things to go right, which means we need various groups of people to work together. Politicians on both sides of the aisle. Wall Street, Silicon Valley, and Washington DC. We need everyone. Let’s work together like our country depends on it. Hope you all have a great day. I’ll talk to everyone tomorrow. -Anthony Pompliano Phil Rosen, the Co-Founder of Opening Bell Daily, interviews Anthony Pompliano. Topics include bitcoin, President Trump's recent support of the industry, interest rates, financial media, and more. Listen on iTunes: Click here Listen on Spotify: Click here Anthony Pompliano on Bitcoin, Bull Markets, Interest Rates, and the Presidential RacePodcast Sponsors
You are receiving The Pomp Letter because you either signed up or you attended one of the events that I spoke at. Feel free to unsubscribe if you aren’t finding this valuable. Nothing in this email is intended to serve as financial advice. Do your own research. You're currently a free subscriber to The Pomp Letter. For the full experience, upgrade your subscription. |
Older messages
Podcast app setup
Monday, June 17, 2024
Open this on your phone and click the button below: Add to podcast app
Bitcoin Is Infiltrating Public Company Balance Sheets
Friday, June 14, 2024
Listen now (3 mins) | To investors, The public markets are starting to embrace bitcoin globally. MicroStrategy started the game with their announcement of a bitcoin treasury strategy. MicroStrategy
Podcast app setup
Thursday, June 13, 2024
Open this on your phone and click the button below: Add to podcast app
Podcast app setup
Thursday, June 13, 2024
Open this on your phone and click the button below: Add to podcast app
Presidents Want To Protect Bitcoin?
Thursday, June 13, 2024
Listen now (3 mins) | To investors, There are two goals when investing — protect your downside and optimize your upside. Most investors focus on the latter, but protecting your downside is critically
You Might Also Like
Trump to Speak at Bitcoin 2024?
Wednesday, June 26, 2024
Plus Gensler Addresses Crypto Crackdown, ETH ETF Progress
How the Florida Panthers Overcame Painful Defeat
Wednesday, June 26, 2024
Florida Panthers Coach Paul Maurice's words after the Game 6 loss helped inspire its Game 7 win.
26 Seconds ⏳
Wednesday, June 26, 2024
Attention span is longer than we thought.
Here is a free resume review
Wednesday, June 26, 2024
June 26, 2024 | Read Online Here is a free resume review fb tw in email A lot of you guys are having a hard time making a good resume, So I built a tool to review your resume, for free. Just upload
🔔Opening Bell Daily: FedEx go up
Wednesday, June 26, 2024
The old economy stock soared double-digits after a stellar earnings report
40% increase in sales [framework]
Wednesday, June 26, 2024
I'm working on a startup newsletter you'll love! To get on it early, subscribe here: Great Startups (https://GreatStartups.com/) Today's hack The last 4 hours (before the cart closes)
📖 Outsmart AI
Wednesday, June 26, 2024
Optimizing for a zero-clicks world View in browser
No workplace for married women
Wednesday, June 26, 2024
Also in today's edition: Lahori's boon is also its bane; 'Vernacular' chatbots are almost here, and that may not be a good thing ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Exclusive Opportunity: 1x1 Coaching Now Available!
Wednesday, June 26, 2024
This is your chance to work directly with the best in the business View in browser ClickBank ClickBank's 1x1 Coaching is Finally Here (And it's filling up quick!) If you've ever wanted to
🔍 Convert Objections into Ad Hooks
Wednesday, June 26, 2024
How to do it. Why to do.