2 minutes reading time (362 words)

Anthony Pompliano: Bitcoin is a peaceful protest against the system

Saturday, 07 December 2019

Anthony Pompliano, a well-known Bitcoin fan and founder of Morgan Creek, said that Bitcoin is not an investment, but a peaceful protest against a system that can change the world.

With his publication, he addresses all users. According to him, they can be divided into two types: some act as mercenaries and others as missionaries. Pompliano describes both categories.

[New Post] For Bitcoiners, this isn’t an investment. It is a protest. A peaceful protest against the system.

Better yet, Bitcoin is a revolution. A revolution that stands to change the world in ways that most people can’t even comprehend yet.https://t.co/bmWKEDDccM
— Pomp 🌪 (@APompliano) December 3, 2019

When it comes to ideological support for the massive spread of cryptocurrency, Pompliano quotes renowned venture capitalist John Doerr, who led Kleiner Perkins Caufield & Byers: "We need missionaries, not mercenaries."

According to Pompliano, each type of user works in its own ecosystem. For example, Wall Street is an environment in which a bunch of ruthless mercenaries. They are aimed only at making a profit.

Over the past ten years, there have been a large number of missionaries in the Bitcoin ecosystem who went beyond profit and believed in the very ideology of the first cryptocurrency - the peaceful financial revolution.

People who hold such views are not interested in current quotes; they do not need to evaluate Bitcoin in dollar terms. These people remain holders regardless of price fluctuations.

Pompliano's statement is comparable to the phenomenon that the analyst @Rhythmtrader recently drew attention to: "11 580 000 BTC in the last year did not leave the wallets. Even at the time of growth of quotations by 85%, they were not sold. These real holders adhere to their own strategy. "

"For Bitcoiners, this isn't an investment. It is a protest. A peaceful protest against the system. Better yet, Bitcoin is a revolution. A revolution that stands to change the world in ways that most people can't even comprehend yet. If successful, Bitcoin will usher in a new era where there is a separation of state and money. One where people are asked to trust transparent software systems over humans,"
argues Pompliano.