NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

‘Shame on You,’ Shark Tank Judge Tells Bitcoin Bull Pompliano

Davit Babayan
Davit Babayan
5 years ago
2 mins read
bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Kevin O’Leary, the judge of the popular business reality show Shark Tank, has slammed Anthony Pompliano for allocating half of his wealth to bitcoin.

“Shame on you,” the television personality told Pompliano on the sidelines of a CNBC Squawk Box debate about bitcoin’s performance against gloomy macroeconomic periods. O’Leary stated that he purchased $100 worth of bitcoins about two months ago, but the value of those assets now dropped to about $30. And if a person does not assume the risks of holding bitcoins and concentrates half of his wealth on them, then he is “nuts.”

“I forbid that,” O’Leary told Pompliano. “That’s insane. That breaches everything about diversification and investing.”

"I teach this stuff you never go beyond concentrations of that nature. 50% shame on you! That's nuts!" @kevinolearytv tells @apompliano #btc pic.twitter.com/e4pTEt5sgC

— Squawk Box (@SquawkCNBC) August 6, 2019

Non-correlated Bitcoin

Across the table, Pompliano explained why he increased the risks of his portfolio by putting bitcoin, a volatile asset, on the driving seat. The Morgan Creek Digital Assets co-founder told O’Leary that the cryptocurrency had proven itself as a non-correlated asset, i.e., it does not get heavily influenced by macroeconomic events. He stressed that every significant financial institution should hold bitcoin for the very same reason.

“Institutions,” said Pompliano, “have spent decades looking for assets to use as a diversification in their portfolio. We’ve been banging the drums [from] over a year saying [bitcoin] is a non-correlated asymmetric asset.”

He added that bitcoin surged 55 percent soon after the United States President Donald Trump escalated his trade war against China in May. That proved a negative correlation between the cryptocurrency and every significant financial market, including the benchmark S&P 500 Index and Gold.

“There’s people around the world that are electing to put their wealth into something that is controlled by software and cannot be manipulated by a single country or politician,” Pomp said.

"There's people around the world that are electing to put their wealth into something that is controlled by software and cannot be manipulated by a single country or politician," says @apompliano on #btc pic.twitter.com/3ZpE53xl91

— Squawk Box (@SquawkCNBC) August 6, 2019

The Shark Does a Flip

The difference-in-opinion between O’Leary and Pompliano surprised onlookers in the cryptocurrency community. That is because O’Leary earlier appeared positive about the prospects of bitcoin. He called the cryptocurrency “a proxy for central bankers,” stating later that he would be interested in it if it’s market valuation soars above a billion dollars.

“So is it here to stay? Oh yeah. So will I put 2-3% in it? I think I might,” O’Leary had told CBC in 2013.

https://twitter.com/ceterispar1bus/status/1128746405944672256?s=19

His opinions about bitcoin flipped following his attempts to use the cryptocurrency as a mode of payment. In May this year, O’Leary admitted that he tried bitcoin to complete a real estate transaction but fell short due to its price volatility. He later called bitcoin a useless currency.

“But everyone says, yes, you can. But, what happens is the receiver wants some guarantee. Let’s say you want to buy a piece of real estate for $10 million in Switzerland. […] They want a guarantee that the value comes back to you as currency at ten, you have to somehow hedge the risk of bitcoin. That means it’s not a real currency.”

Tweet123Share196ShareSend
Davit Babayan
Davit Babayan

Davit Babayan

Davit Babayan is an Armenia-based expat balancing the academic life of a software design engineer with the experiences of a financial technology journalist. He aspires to be a full-time columnist and wants to write a book that would be called, "A Homeless Who Found Bitcoin."

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Vaļi ir atgriezušies mēmu monētās pēc Bitcoin jaunā visu laiku augstākā līmeņa – Telegram bots mēmu monētu meklēšanai

Bitcoin (BTC) jaunais visu laiku augstākais līmenis ir atdzīvinājis visu kriptovalūtu tirgu, un mēmu monētas atkal nonākušas uzmanības centrā. Dogecoin...

lasma 2 hours ago
Ethereum Price Drops After Bullish Attempt

Ethereum Shorts Reach Record Levels, How To Stay Positioned For A Breakout

As the Ethereum price has broken out above $3,000, the shorts have piled on with expectations that this rally will...

Scott Matherson 2 hours ago
Bitcoin

Strategy Grabs Another $472M In Bitcoin—Even With Price At ATH

Bitcoin has been exploring new all-time highs (ATHs) recently, but Strategy still seems to be in accumulation mode as it...

Keshav Verma 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Investors Chase Snorter Token as $BONK & Solana Market Rally

Investors Chase Snorter Token as $BONK & Solana Market Rally

Aaron Walker 15 minutes ago
crypto Fear & Greed Index, waarom daalt crypto

Crypto ‘Fear & Greed Index’ op 73 tijdens 5% markt correctie – volgt er een verdere daling?

Lars Diederiksen 40 minutes ago
Coinbase

Coinbase: A Surprising Champion Of The Trump Trade, Eyes New Stock Records

Ronaldo Marquez 1 hour ago

Premium Sponsors

Press Releases

  • Тези 3 монети под $1 могат да превърнат инвестиция от $200 в $2 милиона до 2027 година

    Тези 3 монети под $1 могат да...

    1 hour ago
  • Synthetic Darwin Introduces Breakthrough AI With Israeli...

    1 hour ago
  • Memecoins sao ativos inspirados na cultura digital

    Floki, SPX, Bonk Tăng 10% Giữa Cơn Sốt Meme Coin –...

    2 hours ago
  • Tieto 3 coiny pod 1 $ môžu premeniť investíciu 200 $ na 2 milióny do roku 2027.

    Tieto 3 coiny pod 1 $ môžu premeniť investíciu 200 $ na...

    2 hours ago
  • BTC Vượt $120K – Các Đồng Coin Tiềm Năng Nào...

    2 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.