Bitcoin Hedge Argument Growing Stronger With Time, Says Pomp

Anthony Pompliano, Co-Founder of digital asset management company Morgan Creek Digital, said his view of Bitcoin (BTC) as a global hedge has solidified over time. 

“I think it’s always been part of the conversation,” Pompliano told Cointelegraph in a Jan. 30 interview on his notion of Bitcoin as a traditional market hedge over the years. 

The expert expressed a growing assurance in this concept of Bitcoin as a global hedge as supporting evidence continues to present itself. “The more data you get, the more that you can believe something,” he added. 

Bitcoin acts differently from traditional assets

In past years, Pompliano has gone on the record multiple times with the view that Bitcoin is a non-correlated asset — meaning the asset does not necessarily rise and fall with the rest of the traditional market. 

The Morgan Creek co-founder expressed this sentiment to CNBC in an August 2019 interview, as Bitcoin rose in price amid a period of economic uncertainty.