Bitcoin Is About To Claim Victory On Wall Street

The Pomp Letter (private feed for [e-mail])

To investors,

Changing your mind when new facts are presented should be encouraged. It is a sign of intelligence.

One example of this from earlier in the week was JD Vance’s selection as the Republican candidate for Vice President. Vance previously had been a Never Trumper. He had shared harsh criticisms of the former President and condemned Trump’s actions.

But Vance claims he eventually changed his mind.

When asked this week what happened, here is what he said:

“I allowed myself to focus so much on the stylistic element of Trump that I completely ignored the way in which he substantively was offering something very different on foreign policy, on trade, on immigration.”

But JD Vance is not the only person changing his mind these days.

It was reported yesterday that JP Morgan CEO Jamie Dimon has changed his opinion on bitcoin recently.

This information came from Trump, who is considering Dimon for Treasury Secretary, during an interview about the star banker.

Now remember, Jamie Dimon is not a random bitcoin hater. He is one of the MVPs of the bitcoin hating team. Dimon previously said he would fire anyone who was trading bitcoin at the bank. He also called bitcoin a fraud and a ponzi scheme.

If you took a poll of the bitcoin community, there would be a very low probability that anyone would think Jamie Dimon was going to change his mind.

But that is what all great investors and entrepreneurs do. They change their mind when presented with new information.

And the information on bitcoin is overwhelming at this point.

There are hundreds of millions of people who use the digital currency around the world. Bitcoin is the strongest computer network ever created. The digital currency is one of the only assets to have protected an individual’s purchasing power against the accelerated inflation of the last few years. Governments are also becoming sympathetic from a legal and regulatory standpoint as well.

These data points add up to one thing — bitcoin is succeeding and the asset is likely to continue on the current trajectory into the future.

Let’s see what Dimon does. If he comes out in public support of bitcoin, things will get very crazy. He is the most well-respected banker of our generation. And if he capitulates, bitcoin can officially claim victory on Wall Street.

Hope you all have a great day. I’ll talk to everyone tomorrow.

-Anthony Pompliano

Founder & CEO, Professional Capital Management

Kian Sadeghi is the Founder & CEO of Nucleus Genomics.

In this conversation, we talk about DNA sequencing, how he is disrupting the old school companies, why he believes so much in giving power to the people, taking control of your health with your DNA, regulation, ethics, and more.

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