This Week in Startups

TWiST News: Bitcoin’s Future, Reddit Answers, SEC Shifts, and more! | E2057

37 snips
Dec 10, 2024
Anthony Pompliano, an influential investor specializing in crypto and founder of Pomp Capital, joins the discussion to dissect Bitcoin's future amid shifting regulatory landscapes. He highlights Michael Saylor's bold Bitcoin strategies and the emotional dynamics of investing in this volatile market. The conversation also touches on Reddit's innovative Q&A feature and the potential impacts of new political leadership on the cryptocurrency sector, capturing a landscape ripe with optimism yet tempered with caution.
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ADVICE

Direct Bitcoin Investment

  • Jason Calacanis advises against MicroStrategy, recommending direct Bitcoin purchase.
  • He views "Bitcoin yield" as a manipulative metric, similar to those used in past Ponzi schemes.
ADVICE

Sell MicroStrategy, Buy Bitcoin

  • If you own MicroStrategy stock, Calacanis advises selling it immediately.
  • Buy Bitcoin directly instead, due to the likely superior performance of Bitcoin compared to MicroStrategy.
INSIGHT

Alternative Metric

  • Alex Wilhelm suggests using "Bitcoin to float ratio" instead of "Bitcoin yield".
  • This would better reflect MicroStrategy's performance in increasing share value relative to Bitcoin.
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