Bitcoin ETF Options Could Send Bitcoin Much Higher
Today’s letter is brought to you by The Art of Reading!The most successful people I know spend a lot of time reading, yet few realize it’s a skill that can be honed, making it a competitive edge in an age of shrinking attention spans. My friend Alex & Books, who reads 2+ books a week and has 1,000,000+ followers on social media, created a course to share tips on efficient reading. The Art of Reading teaches you, in less than 2 hours, how to:
More than 500 people have already taken his course, which has been recommended by bestselling authors such as Morgan Housel and Tiago Forte. If you want to develop strong reading habits, become a more productive reader, or just rekindle your love for reading, check out Alex’s course, The Art of Reading. To investors, I published a conversation with Jeff Park, Head of Alpha Strategies at Bitwise, on the podcast yesterday. The episode has been very popular. It also led to a spirited debate that I think is worth covering in today’s letter. First, my conversation with Jeff was centered around the impact of bitcoin ETF options. These options were recently approved by the SEC and should be rolled out in the coming months. My immediate reaction when I heard the news was the new ETF options will bring more adoption, which will continue the trend of diminishing volatility. Jeff had a very different view, so we decided to set up a conversation to discuss the various perspectives. This is the beauty of the bitcoin industry. It is all about learning. Learning by studying and learning from each other. Second, Jeff points out that bitcoin is unique since the volatility goes up as the price of the digital currency goes up. Traditional assets have the inverse occur. A higher price usually leads to lower volatility. This takes some time to get used to, but it serves as a strong incentive for people to buy the asset in bull markets. Momentum is a hell of a drug. Third, Jeff points out how important ETFs were for the adoption of bitcoin. This happened despite more than a decade of bitcoin onramps like crypto exchanges being present. Jeff explicitly states “sometimes fixing the conduits for a financial wrappers for access matter a great deal.” So many people thought the ETFs would not matter. They were wrong. ETFs unlocked access to bitcoin for an entirely new cohort of investors. Jeff explains that the new bitcoin ETF options will do something similar. There have been bitcoin options available to investors for years, but they were not in the venues (nor the wrappers) that sophisticated, institutional investors are used to. Now that options are coming to those trusted venues, we should expect increased adoption of the financial instruments. Lastly, Jeff explains what could happen in a gamma squeeze, especially since no one can create more bitcoin to satisfy a significant increase in demand. Think of what happened with Gamestop, but without the corporation issuing new shares. Gamestop saw their stock price soar. They issued more shares to temper the volatility and put cash on their balance sheet. If no one can create more bitcoin, then the thought process is a gamma squeeze could send the price of bitcoin much, much higher in a short period of time. Regardless of whether you believe Jeff or not, you should listen to this episode. This conversation has something for everyone — the bitcoin bulls will be excited about potential future price appreciation. The bitcoin bears will complain that bitcoiners don’t understand financial markets. Long-term holders and critical thinkers will use the information to learn about the new ETF options and how they may impact the market. Give this episode a listen and let me know what you think. Hope you all have a great day. I’ll talk to everyone tomorrow. -Anthony Pompliano Founder & CEO, Professional Capital Management 🚨 Talk or Hang Out With Anthony Pompliano 🚨I want to meet you. In order to get the meeting scheduled, you have to purchase a certain amount of my new book, How To Live An Extraordinary Life. You can do one of the following:
You can use this link to purchase up to 100 books and then use this link for a discount on bulk buys over 100 books. Here is how it works:
I have already done a few calls with people and spoken at different events. It is just as fun for me as for you, so I look forward to meeting many of you as well. Jeff Park is the Head of Alpha Strategies at Bitewise Asset Management. In this conversation, we discuss the big deal about bitcoin ETF options, bitcoin volatility, why Bitwise recently bought 2 companies, what he expects to see in public markets, how Wall Street is using bitcoin ETFs, and what that means for you. Listen on iTunes: Click here Listen on Spotify: Click here Jeff Park Breaks Down Bitcoin ETF OptionsPodcast 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
Bitcoin's Network Poised For The Bull Market
Monday, October 7, 2024
Listen now (2 mins) | Today's letter is brought to you by Domain Money! ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bipartisan Bitcoin Has Chance To Mitigate National Debt Pain
Friday, October 4, 2024
Listen now (2 mins) | Today's letter is brought to you by Domain Money! ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
The Longshoremen Strike Will End Up On Wrong Side Of History
Wednesday, October 2, 2024
Listen now (3 mins) | Today's letter is brought to you by REX Shares! ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Global Liquidity Is Rising And So Will Asset Prices
Monday, September 30, 2024
Listen now (3 mins) | 🚨 READER NOTE: I am hosting the first book signing for my new book, How To Live An Extraordinary Life, in New York City tonight (Monday September 30th) at 7pm. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Want to set up a call?
Sunday, September 29, 2024
To investors, ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
You Might Also Like
🔍 Hostage Tape's Post Purchase Flow
Wednesday, October 9, 2024
October 08, 2024 | Read Online All Case Studies 🔍 Learn About Sponsorships I'm sure you've seen Hostage Tape. They've blown up in the last few years to a $40M run rate. First, their funnel
🤖 Help AI tools help you
Tuesday, October 8, 2024
Humanizing AI content is key for finding customers and making sales. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
[1 HOUR🔔] Amazon webinar you can’t afford to miss!
Tuesday, October 8, 2024
Don't miss out—1hr until your business future changes View in browser ClickBank In just ONE HOUR FROM NOW, you're going to see a proven method that will allow you to use Amazon as your personal
Dan Gallagher Tipped as Top Choice for SEC Chair Under Trump
Tuesday, October 8, 2024
Plus The Microstrategy Divergence MSTR Surges While Markets Dip
Why all brands need an executive social media presence
Tuesday, October 8, 2024
Key benefits and examples to inspire your strategy ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
ET: October 8th 2024
Tuesday, October 8, 2024
Exploding Topics Logo Presented by: Exploding Topics Pro Logo Here's this week's list of rapidly trending topics, insights and analysis. Topic #1 Vitamin C Scrub Chart Vitamin C scrubs are
Giveaway: Win Our Best-selling Course + Last Week’s Winner Announcement!
Tuesday, October 8, 2024
Hey Reader, We're back with another chance to win our "Find a Profitable Product to Sell on Amazon" course this week! 🎉 This Week's Featured Video What It's Really Like to Work at
Ditch your subscription
Tuesday, October 8, 2024
I killed 3 startups because of recurring payments
Your invite: $1B Amazon formula
Tuesday, October 8, 2024
Your Amazon breakthrough starts TODAY View in browser ClickBank Hey, Today's the day! Dan & Dylan are pulling back the curtain on the “boring” Amazon strategy that's generated over $1