RT James E. Thorne: Got it. Sell Bitcoin because it’s no longer outside the system. Bitcoin, a decentralized blockchain with a fixed 21 million suppl...
A Bitcoin proponent argues that selling Bitcoin because it is gaining mainstream legitimacy contradicts the original thesis that it would evolve from a fringe experiment into core financial infrastructure, and that this integration is the payoff, not a betrayal.
Background
- Anthony Pompliano is a well-known crypto investor and pundit (founder of Pomp Investments) who has long been a vocal Bitcoin advocate. This post is his response to someone else (Avi Felman) who reportedly sold all his Bitcoin.
- The core debate: Bitcoin's original thesis was that it would grow from an obscure, anti-establishment digital cash into a globally recognized asset class. Now that Wall Street offers Bitcoin ETFs, banks custody it, and regulators are writing rules around it, some early believers argue Bitcoin has "sold out" and lost its reason for existing.
- Pompliano's counter-argument (in this post) is that mainstream adoption was always the goal — legitimacy is the victory condition, not a betrayal. He's pushing back on the idea that you should sell now that Bitcoin is becoming what its proponents always said it would become.