{"id":31702,"date":"2024-06-01T01:21:04","date_gmt":"2024-06-01T01:21:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/consensus-2024-pompliano-talks-bitcoin-and-finance\/"},"modified":"2024-06-01T01:21:04","modified_gmt":"2024-06-01T01:21:04","slug":"consensus-2024-pompliano-talks-bitcoin-and-finance","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/consensus-2024-pompliano-talks-bitcoin-and-finance\/","title":{"rendered":"Consensus 2024: Pompliano Talks Bitcoin and Finance"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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At Consensus 2024, Bitcoin advocate and entrepreneur Anthony Pompliano discussed the evolving role and impact of Bitcoin<\/a> in today\u2019s financial landscape. He focused on its societal acceptance, influence on the financial system, and changing perceptions on Wall Street.<\/p>\n

Pompliano emphasized the increasing endorsement of Bitcoin by powerful figures. \u201cThere\u2019s been an acceleration of those people. It\u2019s no longer celebrities, musicians, etcetera. We\u2019re now talking about the President of the United States, some of the most powerful people on Wall Street are saying this is real,\u201d<\/em> he said. President Donald Trump, a notable supporter, has over $10 million in his crypto portfolio<\/a> as per recent filings.<\/p>\n

He also highlighted the role of social media in modern financial systems, using Silicon Valley Bank\u2019s rapid downfall<\/a> as an example. Pompliano explained that information spread quickly online, leading to a massive $40 billion withdrawal within 24 hours, facilitated by digital transactions. \u201cSilicon Valley Bank basically died because of Twitter,\u201d<\/em> he noted. \u201cA bunch of people got on and started saying the bank\u2019s in trouble. You used to have to get your car, drive to the bank, wait in line, and then try to withdraw your money. Now, I literally did it on a Zoom call.\u201d<\/em><\/p>\n

Pompliano addressed the economic incentives driving market participation, noting that many initially invested in Bitcoin to get rich. \u201cHow many people here bought Bitcoin or crypto originally because they wanted to get rich? That\u2019s how markets work, right? People take action because of the economic incentive,\u201d<\/em> he said.<\/p>\n

He then discussed Wall Street\u2019s evolving stance on Bitcoin, highlighting the shift from skepticism to recognition of its potential. Financial institutions now see Bitcoin as a lucrative opportunity, which could significantly benefit the industry. \u201cWall Street doesn\u2019t give a shit about Bitcoin. But guess what\u2019s gonna happen? They see a ton of money and then they\u2019re gonna stick around for a long time and they\u2019re gonna become a huge tailwind for the industry,\u201d<\/em> Pompliano explained.<\/p>\n

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Pompliano also mentioned the political implications of Bitcoin\u2019s growing popularity. He observed, \u201cBut what we\u2019re now heading to is a world where truth prevails. Politicians understand there are 50 million Americans who either have to get on board with what they\u2019re saying or lose that vote.\u201d<\/em><\/p>\n<\/p><\/div>\n

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(Originally posted on : Crypto News – iGaming.org ) At Consensus 2024, Bitcoin advocate and entrepreneur Anthony Pompliano discussed the evolving role and impact of Bitcoin in today\u2019s financial landscape. He focused on its societal acceptance, influence on the financial system, and changing perceptions on Wall Street. Pompliano emphasized the increasing endorsement of Bitcoin by […]<\/p>\n","protected":false},"author":34,"featured_media":31703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31702"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=31702"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/31703"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=31702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=31702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=31702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}