RATE Group | Over 50% of Morgan Creek Founder Anthony Pompliano’s Net Worth Is in BTC
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Over 50% of Morgan Creek Founder Anthony Pompliano’s Net Worth Is in BTC

12 Aug Over 50% of Morgan Creek Founder Anthony Pompliano’s Net Worth Is in BTC

Posted at 01:56h in Bitcoin News by

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Founder of the capital management firm Morgan Creek Antony Pompliano said on CNBC’s Squawk Box that over half of his net worth is in Bitcoin (BTC). In a video published on Twitter on Aug. 6, channel’s another guest, Canadian businessman and TV personality Kevin O’Leary, called this “a shame”:

“That’s crazy. I forbid that, that’s insane, that breaches everything about diversification in investing. […] 50 percent? shame on you! That’s nuts!”

In this turn, Pompliano asked how much of O’Leary’s current net worth is in the stock market. O’Leary did not answer the question and instead stated that he does not hold over 5% in a single stock, suggesting that this choice ensures diversification of his portfolio.

Diversification in the stock market

Before this discussion took place, Pompliano also explained why — according to him — not holding Bitcoin as part of a portfolio is irresponsible:

“We’re now entering a position where it’s actually irresponsible for…

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