RATE Group | Shark Tank’s Kevin O’Leary and Anthony Pompliano lock horns over Bitcoin’s “safe haven” …
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Shark Tank’s Kevin O’Leary and Anthony Pompliano lock horns over Bitcoin’s “safe haven” …

08 Aug Shark Tank’s Kevin O’Leary and Anthony Pompliano lock horns over Bitcoin’s “safe haven” …

Posted at 07:20h in Bitcoin News by

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  • The debate happened following reports that bitcoin’s recent spike in price occurred as a result of China’s capital flight.
  • Pompliano revealed that over half of his net worth is in Bitcoin.

“Shark Tank” co-host Kevin O’Leary and Morgan Creek Digital’s Anthony “Pomp” Pompliano, debated on CNBC over bitcoin’s role as a “safe haven” asset. The debate happened following reports that bitcoin’s recent spike in price occurred as a result of China’s capital flight. The Pomp is a popular Bitcoin bull, while O’Leary is a well-known skeptic. Pomp revealed that over half of his net worth is in Bitcoin, which O’Leary wasn’t a fan of:

“In any one stock, never more than 5 percent, in any one sector, never more than 20 percent. I teach this stuff! You never go beyond concentrations of that nature! Fifty percent! Shame on you! That’s nuts!”

Regarding bitcoin’s status as a safe-haven asset, Pompliano believes that the digital asset is…

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