Podcasts about morgan creek digital assets

Anthony Pompliano, Founder & CEO of Professional Capital Management, is an entrepreneur and investor known for his impact in the cryptocurrency and blockchain sectors. As co-founder of Morgan Creek Digital Assets, he focuses on digital asset investments. Pompliano has built and sold several successful businesses, invested in around 200 companies, and advocates for Bitcoin and decentralized finance through a major financial media platform. He has been featured in top publications like The Wall Street Journal and Bloomberg and is a recognized speaker at industry conferences. TIMESTAMPS: 00:00 - Introduction 01:23 - Mindset 04:12 - Balancing career and life 07:35 - Power Law 09:33 - The Art of Focusing 15:00 - Personal Responsibility 16:35 - Lessons from being in the Army 24:46 - There is no "Business-problems" there are only "People-Problems" 27:29 - How do you decide what mountains to climb 35:50 - How can you instill curiosity 40:28 - Adding Value 44:49 - Ethics 53:19 - How do you break old habits 57:40 - Anthony's platform Get Anthony's book: https://www.amazon.com/Live-Extraordinary-Life-Anthony-Pompliano/dp/0857199927/ Watch on YouTube: https://youtu.be/vHrUablynhg Connect on IG: https://instagram.com/heyseankim

Mark Yusko (@MarkYusko), founder and CEO of Morgan Creek Capital Management, which manages close to $2 billion in assets, joined Julia La Roche on episode 65. In this episode, Yusko, a long-time macro investor, frames up the current macroeconomic backdrop and why we're on the precipice of what he calls the Global Financial Crisis II as banks fail and jitters spread throughout the financial system. As Yusko puts it, “calm is the edge we need” as the crisis worsens. Yusko was the CIO and Founder of UNC Management Company (UNCMC), the Endowment investment office for the University of North Carolina at Chapel Hill. Before that, he was Senior Investment Director for the University of Notre Dame Investment Office. Yusko has been at the forefront of institutional investing throughout his career. An early investor in alternative asset classes at Notre Dame, he brought the Endowment Model of investing to UNC, contributing to significant performance gains for the Endowment. The Endowment Model is the cornerstone philosophy of Morgan Creek, as is the mandate to Invest in Innovation. In this episode, Yusko provides a deep dive into the Endowment Model, which takes advantage of time-horizon arbitrage. He also delves into the mandate of investing in innovation, sharing an example of a half-a-million-dollar investment that turned into a $200 million return thanks to Sequoia's early bet in Google on behalf of Notre Dame. Yusko points out that the greatest wealth is created by being an early investor. However, making that investment requires believing in something before most people understand it, making you mocked, ridiculed, and criticized for your non-consensus action. Today, he continues to see that opportunity in blockchain technology, digital currency, and digital assets. He is again at the forefront of institutional investing through Morgan Creek Digital Assets, which was formed in 2018 to invest in these opportunities. 0:00 Intro  3:08 The Endowment Model  4:08 Taking advantage of time-horizon arbitrage 6:47 What else makes the Endowment Model unique? 8:00 Equity 10:20 Greatest wealth is created by being an early investor in innovation   12:08 Mark's background 13:33 Dialogue and debate through active listening 16:00 Lessons investing in bonds 19:00 A-ha moment in venture capital  20:00 Investing in Sequoia early  21:19 Being a journalist might be the best training for investing  22:08 Half-a-million investment turns to $200 million thanks to Google investment  25:30 Living the path of technological innovation  30:40 The Truth Net explained 32:44 Macro backdrop  34:19 Liquidity drives markets  35:55 Fractional reserve banking  39:00 Banking system driven by liquidity 41:20 Satoshi Nakamoto's Bitcoin 2009 white paper  44:00 Digital asset innovation  47:00 Bitcoin as a digital store of value 50:15 A better system  51:00 Duration mismatch in the banking system  55:00 Impact of money printing  57:16 Bitcoin  58:49 Money printing doesn't create wealth  1:01:10 On the precipice of GFC II  1:07:00 Chance meeting with Howard Marks 1:14:30 Blockchain is an Operating System

Guest:Mark W. YuskoChief Executive Officer and Chief Investment Officer, Morgan Creek Capital Management & Managing Partner, Morgan Creek Digital AssetsMark Yusko is the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management. He is also the Managing Partner of Morgan Creek Digital Assets. Morgan Creek Capital Management was founded in 2004 and currently manages close to $2 billion in discretionary and non-discretionary assets. Prior to founding Morgan Creek, Mr. Yusko was CIO and Founder of UNC Management Company (UNCMC), the Endowment investment office for the University of North Carolina at Chapel Hill. Before that, he was Senior Investment Director for the University of Notre Dame Investment Office.Mr. Yusko has been at the forefront of institutional investing throughout his career. An early investor in alternative asset classes at Notre Dame, he brought the EndowmentModel of investing to UNC, which contributed to significant performance gains for theEndowment. The Endowment Model is the cornerstone philosophy of Morgan Creek, as is the mandate to Invest in Innovation. Mr. Yusko is again at the forefront of investing through Morgan Creek Digital Assets, which was formed in 2018. Morgan Creek Digital is an early stage investor in blockchain technology, digital currency and digital assets through the firm's Venture Capital and Digital Asset Index Fund.Mr. Yusko received a BA with Honors from the University of Notre Dame and an MBA in Accounting and Finance from the University of Chicago.Hosted By:Austin WillsonMichael O'ConnorBZ: welcome back to another episode of the long-run show. This is your host, Austin Willson, along with Mike OConnor. And today we are going to be having another guest on our show. We have Mark Yusko from Morgan Creek Capital. He's actually the founder and CIO of Morgan Creek capital and the chief managing partner of Morgan Creek digital.Hopefully I got that right, Mark. And we're going to be good. We're going to be talking about we're gonna be talking about a lot of different things today. Spanning many different aspects. Obviously, mark, you have a lot of experience investing money and allocating capital and also a lot of experience just with thinking about large long run issues which is the name of the show.M: One of the things that I really don't like is everything is focused on short term and social media. And that just the explosion of content has made it even shorter and shorter. And really, if you think about investing, the art of investing, it really is about the longterm. And it's nice. You're nice to say I have a lot of experience. That's just a very nice way of saying I'm old and I am and that's actually a good thing because it means you survived all the mistakes that you made when you were young. But importantly it goes to. My whole career has been around. Long-term thinking, I a series of happy accidents. I didn't plan to be an investment guy. I planned to be an architect. And then I tried pre-med and none of those things really fit. But I went to work for an insurance company out of business school and the guy who was doing investments retired. And so I was now the investment guy. And what I found is it was the perfect thing for me as a science guy. And science is all about format hypothesis, forming experiment, gathering data, testing the hypothesis, and then deciding if it's right or wrong. And that's exactly what you do in investing, right? You come up with this form an experiment.You, you make exposure and then you test it. You gather the data and the market tells you whether you're right or wrong. And part of the. my aha moment over my career was that time arbitrage. So long run thinking, right? The title of your show is the ultimate win in investing. If you have a long time preference, if you have the ability to think longer term than the average investor, you will make more money. And that's kinda cool. And you don't have to be right as often either. That's the nice thing is you don't have to always be right or prove that you're right. Which is very dangerous and investing. Yeah. So quick. Went to school. I said to be an architect or a doctor then went to business.School, came out, went into investing. And my next happy accident was I went back to my Alma Mater. I went back to Notre Dame and I got into endowment management. And what I realized was I thought investing when I worked for the bond management part of the insurance company and then an equity firm. Was that It was just about picking stocks and bonds. That's what investing does. That's what the TV tells you. You should pick stocks IBM or GM or Ford. And what I realized is those were 15% of the longterm returns. 85% of returns comes from asset allocation. The big picture allocation of capital across stocks, bonds, currencies, commodities within stocks. Do I go international? Do I go domestic? Do I go technology? Do I go healthcare? And those big asset allocation decisions drove everything. So the endowment model of investing, which I learned at Notre Dame brought with me down here to university of North Carolina at chapel hill. Whereas the CIO there, that's what I learned. And all that endowment model means is you have a long time horizon. It's permanent capital. Therefore you have this ability to take advantage of time arbitrage. The second thing is you have to have an equity bias, because if you want to have a long term positive return, you need to outperform inflation and bonds just don't do that by very much. So you have to have an equity orientation, but equity doesn't mean stocks. You mean stocks? It means private equity. It means venture capital. It means commodity equity. There's all kinds of equities. And then the next stage was I left the university back actually now a long time ago, back in 2004, and I formed Morgan Creek Capital and more capital is just about bringing the endowment model to other investors, taking this idea of alternative, thinking about investments to the masses. Now everyone says what do you mean alternative thinking? I'm like I don't like the term alternative investments. People talk about it all the time. Hedge funds or private equity or venture capital. Those are alternative investments. alternative to what? you own stocks, you own bonds, you own currencies and you own commodities. How I own them in a mutual fund, in a hedge fund, in a private partnership, doesn't change the nature that I own. Stocks, bonds, and currencies and commodities. And the problem is whoever thought of the term alternatives, who was not a marketing guy or gal, they were not very smart. People don't like alternative stuff, alternative medicine, alternative music.They don't like alternative stuff. They're afraid of it. . And so what did he do? Tape put 5% in alternatives and 95% in tradition. That doesn't make any sense because if the traditional stuff isn't attractive, why would you want to own it? So fast forward Morgan Creek over the years has migrated from, this alternative thinking about investments to my big aha moment, which was investing in infrastructure around technological innovations. And it's a wave of about 14 year cycle is where the big wealth is created. on Twitter it's my pin tweet. The greatest wealth is created by investing in something that you believe in before others even understand. you will be mocked, you'll be ridiculed and it's worth it. And so back four years ago, we set up Morgan Creek digital subsidiary of Morgan Creek capital to focus on long-term investing in the digital asset ecosystem and having a blast. had more fun than I've ever had my career. And I love every stage of my career. But I'm having way more fun. Now I get to hang out with young smart people. I get to focus on this innovative technology. That's changing the world anyway.BZ: I love the term time arbitrage. That is just such a great term. And I find it so interesting because like you mentioned, using the that's so interesting, the endowment model, because that seems so foreign to wall street of the last couple of decades, or, having this model that you're actually considering long-term implications. You're not just looking for the next big short or something like that. What's been the reception from others in the field of that. Cause it seems like so much common sense to be able to look at the long-term, but it's pretty uncommon. What's been the reception ?M: We actually created a vehicle a number of years ago called the endowment fund and it took off, it was the most successful launch of a product in Merrill Lynch's history and everybody piled in and then something happened, gold financial crisis happened. We actually did well relatively well. We didn't do well. Absolutely. But we did less badly than everybody else. And, in investing the most important thing, right? There's three rules to investing rule. Number one, don't lose money rule number two, don't lose money rule number three, don't forget the first two rules and Roy Neuberger coined that phrase.And it's because of math. If I'm down 10, I got to be up 11. If I'm down 20, I gotta be up 25. I'm down 50. I gotta be up 100 to get even, God forbid you're like Russian market. I'm down 95 when it gets back to even which it will. Cause this has happened before. You'll be up 20 fold buying Russian equities. Great idea for the long-term not for the next week or the next month, but if you can buy spare bank at this price, you make 20 times your money, probably over a long-term period because you're down 95%. But that idea of avoiding the downside is what the endowment model is all about. And what happened though is after the gold financial crisis, the FED and other central banks around the world started pumping liquidity into the market. And that changed things. And what it did is it created this illusion that stocks, the S&P or going up every year. And so over the last 13 years has been pretty much a bull market in nominal terms, not in real terms, but in nominal terms. And maybe people not want to be value oriented. They want to be momentum players. They didn't want to take the long-term. They didn't want to make an investment today in a company that might take 10 years to harvest an S&P is up 15% every year. I'll just do that. So the endowment model kind of faded and can got out of favor and, necessity is the mother of invention that led us to say, all right, if nobody wants to think like long-term investors, then we'll find products that are, and the problem there was, we had an asset liability mismatch. We let people come out of the fund on any quarter, but we were making investments for long-term periods of time. And that doesn't work very well. It's like a bank. I give everybody, went to the bank to take their money. That's a problem. Cause there's not enough money for all the. Because they took $1 and lent it out 11 times and made lots of dollars. And there's nothing wrong with that. Fractional reserve banking is not in itself evil. It just, it operates on faith and custom where everybody doesn't run to the bank at the same time. And the same thing is true in long-term investments. If everybody wants their liquidity, they can't get it. So now we raise vehicles with longer-term lockups so we can focus on making those long-term investments.BZ: Interesting. Very interesting. So this kind of shifts and long-term cycle, or I guess midterm cycle, you were saying the 14 year investing in something that you're very convicted about, how did that fit into the endowment model or was that a kind of the next iteration for you?M: So it definitely fits into this endowment model of investing. But it was a discovery by being at the endowment actually. So I go back now and it's easy to tell the story because I grew up on the west coast. I grew up in Seattle and my dad sold and installed mainframe computers in hospitals. That's what he did cause they didn't have computers. And so if you go back to 1954, there was this innovation out in Boston, outside of route 128 around computing and suddenly companies could have computers. And 14 years later, there's an innovation out in Silicon valley on a microchip is suddenly computers can be smaller and companies like Intel and Cisco were formed and they did pretty well. Right then in 1982, 14 years later. And why it's always 14 years. I don't know exactly, but it's really because young people invent all the new stuff, because they don't know not to. And they don't know what they don't know. And so they just go ahead and do it. Marc Andreessen, 19 years old, he invented the browser. Larry and Sergei invented this company, Google, which I'll talk about in a second in their twenties. And so it's that young generation that gets innovation going. Cause the old guys are like, I'm fine. My flip phone is fine. I don't need a smart phone. And it's true. Confirmed myself that as I get older, but the key was I grew up in Seattle, many of my friends, they don't work anymore.They went to work for this little company called Microsoft. I was too stupid to do that. Now I defend myself saying if you've seen the picture of the original Microsoft 11, you wouldn't blame. Now there are multibillionaires. I'm not, I shouldn't make fun of them, but they looked pretty funny. We all looked bad in the seventies. Clothes were bad. Hair was bad. But look at the picture tonight, Google the original Microsoft 11, you go, oh my God, I wouldn't work for those guys either. So Steve bomber's mom said, honey, why would you work for that company? No one would ever want a computer in their house. He has 18 billion reasons. He was right. Mom was wrong. So 14 years later, I'm at my Alma Mater. I'm at Notre Dame and I'm working in the endowment office and we had the chance to make this investment in a company called Sequoia at the time. No one, not no one, but very few people knew who Sequoia was. It was not a famous venture capital fund. In fact, it was on the verge of failure because Don Valentine, the famous founder had hired this guy Michael Moritz, Michael was a wall street journal reporter. He had never done a deal before. The other partners like Don, what the hell? We're the future? Why are you hiring this kid? It turns out Michael turned out to be a pretty good investor, Yahoo, Google a few other things and maybe one of the greatest venture capitalists of all time, but we gave them 5 million bucks. They put half a million dollars in Google. And I actually remember. I remember saying guys, I don't get it. They're 20 search engines. There is web crawler and AltaVista and ask Jeeves, what do you need Google for? It's a stupid name. Now it's a verb, right? We totally reinvented search because Larry and Sergei young guys figured out that the way to do search is not to search the whole internet. There are 1.7 billion websites in the world. Half of them are owned by Google. What are you talking about, Mark? Think about it. When you start typing a question. They've set up a website for every question that has ever been asked. And as soon as you start asking the question, it directs you to a little tiny slice and they've already put all the information that you need to know. And sometimes maybe there's some bias, but that's how they do search and it revolutionized everything. And so we put in 500 K and we took out 200 million. So I now had this aha moment. This is a long story for an epiphany, but I had this epiphany that investing was about long-term investments in infrastructure companies around this cycle. And so 14 years later the mobile phone comes along and apple releases the smartphone The iPhone, their stock goes down 46. Think about this for a second. this iPhone and the stock goes down because people are never going to pay $500 for a phone.My flip phone is just fine. My Razor's awesome. Apple's now the biggest, most valuable company in the world. And I remember being back in Seattle at Craig macaws house, he was having an event for venture capital people. And Craig is a very famous pioneer in cellular telephony, the original flip phones. And I'm asked, as I asked his family office, guy said, do you think the mobile net will be as big as the internet? He's mark, you can me ask me if they want a computer? Yeah, whatever, ask them if they want a phone. Like I already have two, I don't need another one. So yeah, it's going to be a big deal. And what it did is it created the first network. 1 phone not valuable at all.2 phones, a little more valuable, 2 million phones, pretty valuable, 2 billion phones, really valuable. And the network effect is exponential and the people are bad at math. People suck at math, but that's just linear math. If I say what's two times two, both of you will say four. I say, all right guys, what's 17 times 23. I'll wait. That is the limit of human intelligence. The average person can not do 17 times 23 in their head. And so how are you at nonlinear? Exponential regression? Not very good. And so I do this challenge all the time. I say, take out a piece of paper, fold it in half, pull it in half again. I defy you to fold it seven times and it was a bag full of seven times. No problem. And they're like, whoa, okay. I can't fold it seven times. If you could fold it 20 times. It would be as high as your house. If you could fold it 30 times, it'd be the atmosphere. If you could get to 50, it'd be to the sun. And 100 is the known universe. So exponential growth is a really big deal. And so the network effect created these massive opportunities and the light bulb went off for me, just get in front of those waves. So buy things and you know how to find them, whatever the old people like me now say, will rot your brain or is a fad..anytime those two terms, come out, just buy it, tuck it in a drawer and go away.BZ: I love that guy that was going to be, yeah, that was going to be my follow-up ETF. And the 14 year pattern Have you seen that be very consistent? M: It's incredibly consistent and okay. What's amazing. So you went 1954 was the mainframe and they had four years, 1954 to 1958. We could make a fortune in deck and Wang and it's winching. Then you have a crash. Then 14 years later, 1968-1972 Intel Fairchild, et cetera. Then you have a crash then 1982 to 1986. Everything's great. Microsoft. Wintel. They have a crash then in 2010? No. Then in 1999, then in 1996, around the internet, 1996 to 2000, everything's awesome. Yahoo, eBay et cetera, Google, then you have a crash 2010 to 2014 to 2015. You have a little crash wasn't as big as the other crash, but there was a crash right now in 2024, which is the beginning of the blockchain era or the trust net as I call it. So the internet 1996, the mobile net 2010 and the trust net 2024. It's when everything in the world, everything in the world, everything of value, every stock, every bond, every currency, every commodity, every private piece of real estate, every piece of art, every collectible car, every private business, all $700 trillion of assets in the world will be tokenized. What does that mean? All a token is an entry on a block. It's an entry on a public ledger. That's all it is. It's not super crazy and exciting. It's really pretty simple, but it's code and we can trust code differently than we can trust people. And if you think about this, every technological evolution goes to making that trust in code better. When the internet first came out, people are like, I don't know what this thing isn't. It doesn't really work very well. And Netflix started a company and they're like, all right, we're going to use it. We're going to have video on demand. If demand is defined as four days, it took four days to download a movie. No one's going to wait four days to download a movie. So they almost went bankrupt and it wasn't until bandwidth was increased because South Korea innovated around broadband and suddenly you could deliver it in less than four days as a Netflix done pretty well. Pets.com. I'm going to deliver, pet food over the internet.Failed. It's the poster child of the failure of the internet, chewy.com. It's the same damn company, exactly the same, but we needed GPS tracking. We needed instantaneous access to information, to broadband. So it's these inflection points in technology and why they're 14 years. Again, it doesn't really matter, but it is very consistent. And so 2024, as great as it's been in blockchain and Bitcoin and all this other stuff, it hasn't even started. The players have entered the stadium, they're warming up. We haven't even played the National Anthem. And I was like, oh, it's the third ending? The eighth inning game. the game hasnt started.BZ:I think that's a phenomenal point because it's amazing how much we're already talking about Bitcoin and blockchain and web3. And it's The current figures are maybe 5% of the world has cryptocurrency. Like global adoption is still so early that it just seems like it's the next huge network effectM:If you overlay Mike, to that point, if you overlay the internet adoption and web three adoption or blockchain adoption, we're in 1997. Around the time when we invested in Google. And E-bay, I remember taking E-bay to our board at Notre Dame and they're like, let me get this straight. You want us to put money in a garage sale? Really? No. Think about this. So they were against it. The firm benchmark capital, some of the best investors on the planet they put in, they raised an $85 million fund, $85 million, not a lot of money. And they put a bunch of money into eBay, not all of it, but a decent amount. They took out $10 billion. The whole fund was a 96 X the whole fund. So she put it in a dollar, you got $96 back and on a garage sale company because people didn't get it or look at the market cap of PayPal today. And how many of the PayPal mafia are out there doing amazing things. humans are optimistic, right? If you weren't optimistic, you'd literally sit in your house in sheer shuttering because you wouldn't go outside. Cause you could get shot. He get eaten by a bear, all kinds of bad things could happen, but we're optimistic. And so we go on it's I always say, who was the third guy who went out to try to get a Mastodon with a spear? Cause the first two didn't come back. So who was the third guy who figured out, if he hit him right under the chin, you can kill the Mastodon. He was a hero, but, or who was the first person that tried surgery on without anesthetic before we figured that out. So we're optimistic and we try new stuff and that's good. And we have progress, but we're unable to imagine the unimaginable, right? We can't imagine. Right now we are talking to each other. We're actually, we're not talking to it. We're talking to a metal box, right? A metal and glass box. And it's coming in my glass metal and glass box into the airwaves, into a cell tower down through fiber optic cable out another cell tower into the airwaves, into your metal glass box and into your earphones in real time. Are you kidding me? I could imagine that 20 years ago, 30 years ago, no one. So it's really hard to invest for that long cycle opportunity set because you can't imagine. So who could imagine that money as we know it, which isn't money it's currency, the only money is gold because money is something exist in the absence of a liability dollars are not money they are currencies. But who could imagine that all of money will eventually be entries on a book? Not very many people. Yeah. It's amazing to me. And you spoke to this. The thing that we are the worst status imagining unimaginable, right? Cause we have a word for it that, that just goes to show you how big a bias it is.BZ: We have a word for it. It's unimaginable. And so I think the bias is to go, okay I can't do that. Or I guess the thought process is, I have this bias. I can't really know what's next because I can't see it. So therefore, I'm going to tighten my time horizon. I'm going to look for the short play I'm going to, and nothing against day-trading.I've seen it to be profitable, but I'm going to look for this short, interim intraday play or a week play or month play. At the expense of a longer term play, that may be an investment that may pay off 96X like, like the eBay story. And so it's a great, it's interesting that biting, there's nothing wrong with trading.M:There's nothing inherently bad about trading. It's hard. It's work and it goes to income and passive income and investing, we all work hard, right? We're doing what we do. We either create content or we manage somebody's assets or we make widgets, we all have this work that we do, but you think about it, the return on that, that work pales in comparison that if you can have something, take up a piece of real estate that you own, that someone else pays you rent and you make money while you're sleeping, it's actually a pretty cool or a Royalty. Think about Qualcomm that every time somebody builds an Android phone, they get paid. That's cool. And so they monetize their intellectual property and then you get into investing. Sure. If I can figure out if CEO, Adam tomorrow is going to wake up and do another great deal, like buying a gold mine, maybe I can get out ahead of AMC and it'll go up and I'll make some money, but what if he wakes up and he makes a bad investment, actually gold mines are usually are bad investments, but maybe this will be a good one, but what if it makes a bad investment? And it goes the other way. That's that? I don't have control of any of that, but if I can Intuit that, let's see. All right. Blockchain technology is really just an operating system for this injured, connected everything. Okay. That's interesting. So what makes money. When goods get traded marketplaces exchanges.So what if I just own a little piece of one of the exchanges like Coinbase, it doesn't matter if the price goes up, price goes down, people got to trade it. They take a cut. That sounds pretty good. If you look exchanges or there's the NASDAQ exchange with London stock exchange or the Brazilian , all of those have been great investments over the long term. Even the LME before they killed themselves the other day, by letting the Chinese billionaire say, "oh, I'm sorry. I know I lost money, but I'm not going to let you take it from me." And they screwed everybody else. Just mind numbing, how to destroy the capital of a business and one easy lesson, but there's time arbitrage. Right? There's short-term thinking I got this angry Chinese billionaire, right? Who's given us a lot of commissions saying he's not going to honor his margin call and I'll just cancel all the trades. That sounds good. Oh, shit. I just killed the golden goose because now no one will ever trust my exchange again, ever. Let's go to a different exchange. That's negative time arbitrage.BZ: So the way to, and I guess I, wasn't trying to position, day trading versus long-term investing because you're exactly right. They are very different. I guess my question that I was building to is with that bias in mind.How do we look at all of the trends that are out there, right? Because we could make an argument for metaverse right. that is the next 14 year cycle. Not withstanding there's crossover between the two, obviously, not withstanding that crossover. Okay. This is what I'm going to do. Or quantum computing, this is going to be the next large leap in computing technology. We're going to be able to calculate things we've never been able to before. So how do we think through these things that we might be seeing as trends or fads? And I like your rule earlier. Okay. "If some old fart says, oh, this is just a fad buddy, look into it." But how do we think through that? I tend to be more cynical. So I'm thinking, all right, great. We have all these trends. But how do we imagine the unimaginable? Sounds like a riddleM: it's the question that all of us should be spending at least a little time on, in fact, one of the best things to become a better investor is to spend some time every day or at least every few days just away. Not staring at your screen, take a hike, take a walk, meditate, whatever it is, and actually just think and try to cobble together these ideas because you're a hundred percent right. But the metaverse oh it's just Facebook. No, come on. Just think about that one for just one second. The metaverse is the decentralization of technology and the eraser of nation states and industrial conglomerates. That's clearly what the decentralized world is. So the idea of a centralized organization being the metaverse, it's an oxymoron it's jumbo shrimp, or military intelligence or whatever, and it just doesn't work. but the metaverse is big. Okay. So most, so maybe the metaverse is this next trend? And my 14 year cycle is all about computing power mainframes, microcomputers personal computers, internet mobile net trust net. And to your point, maybe the next is quantum net actually like that. I'm going to think about that a lot. Im going skiing next week with my son. So there are other cycles could be coincidence with the same 14 year cycle, or maybe they could be offset maybe within the 14 year cycle. There's a seven year offset for these other secondary or second order effects. Yeah, the metaverse is clearly something that, that is created out of this innovation around computing power. And so we do have to think, okay what does that mean? Does it mean I should invest in these centralized organizations that are renaming themselves? It's like when we were in long island ice tea named themselves long island blockchain stock went crazy for awhile, but what do you do? You don't do anything in blockchain. you make tea, but it's a great meme play, right? But they did it in 2000 and last bubble. I lived it and I, we invested in a company, true story called art technology group and what they did all this company. Did they help companies change their name to die? Because if you change your name to.com price went up. So these guys actually then listed as a public company. They were consulting company, long story short. We'd put some money in, through a firm called tutor ventures up in Boston. And our cost basis was 50 cents. The stock went public at a hundred dollars. Okay. So maybe 200 times our money. And I called the principal and I said, what should we do? He says, I'm an insider. I can't really talk. But I can tell you two things, revenue is 6 million market cap is 6 billion. And there was a silence. He's mark, did you hear me, Mike? Yeah. I heard you ı was like SELL, GET RID OF IT NOW! Here's the crazy part. It went to four. So it went down 96%. And I think about that at four, it was still an eight. Off our call list, but we sold at a hundred made 200 X. But the thing is that company didn't do anything. And these, so the third part of the question is, so you've got the main wave then how do you have then do you have these other opportunity waves, but then you got the scams that come into it that you want to avoid. So there's lots of crosscurrents and how you try to think about these big themes. But then the other thing is if you spend too much time thinking about it and not enough time acting on it, right yet, paralysis by analysis, you miss all the opportunities. And this is, to me, one of the things that's most, most important about investing is winning investors.Great investors lose more often than bad investors. They do win a lot, but they lose a lot. The reason losers, bad investors don't win or lose. They don't do anything. They're so afraid of losing that. They don't actually commit capital. So to your point, rather than try to figure out, do I, can I figure out which is the one I like to put bets and there are bets in a lot of different places. And then when things start to go double up, most people want to double down, right? When things go against them, they want to put more money in to prove that they're right in the market's wrong. The market is never wrong. The market is always right. You are wrong. And when we make mistakes, it's okay. As long as you Ralph. Okay. And we need to talk about this. Cause cause from Dean Smith and it's March madness and Tarell's play tonight, so recognize them. Not that hard. It's usually right in your face. Here's the hard part. Admit it. Yes. I made a mistake. there was a show on TV a hundred years ago called happy days. And there was this guy, Arthur Fonds rally, the cool guy. He said, Hey, and he couldn't say the word wrong. He couldn't say the word wrong. You got to say, you're wrong. Then you got to learn from it. Most important thing. And thinking investing is with every investment we get richer or wiser. Never both. We either learn something or we make money because when we're right, we don't actually analyze. We just say, oh, look how smart we are. Whoa, of course it was so good when you lose money and then you've got to forget it. And the forgetting is really important. And this goes to the other great coach who is still in the tournament as well. University of duke at Durham down the street, coach K has this great line. He says, you know what? Separates great. Players slash investors from the average? No, he says the greats focus on the next play. Watch the tournament game tonight and see how many times did you, so miss a shot go down and commit to a stupid foul. Cause they're thinking about the shot, a great player, doesn't even remember taking the shot, goes back, plays good, different defense steals A ball makes a layup.Bad investors they're constantly focused on, oh man, I'm a mistake. And I just can't believe it. It. Got to learn from it, but you got to erase it, forget it and go get the next up.BZ: Individual plays versus ETFs?M: You guys probably both play Fortnite. I watched my son play Fortnite. Does he take a shotgun or a sniper rifle? He takes both. Cause a shot is really good in some situations and the sniper is really good at another. So yes, the answer is yes. You definitely want a spray and pray and the whole spray and pray.I prefer spray and then water, the seeds that start growing. Okay. That's better to me and I pray a lot too, but hope is not an investment strategy. Hope is a four-letter word, particularly in investing, but the sniper rifle a hundred percent. And here's the thing. If you're willing to do the work, the sniper rifles really awesome, because if you actually will do the work that most people won't, then you get a better shot. And if you take that better shot, you can make a lot more concentrated portfolios, make you rich. Every great fortune in the world came from constant. Concentrated stock position, concentrated real estate position, contrary to business ownership, every fortune start with concentration. Now the joke is how do you create a small fortune start with a large fortune and stay concentrated, concentrated long enough competitors will come up and chip away and take all your wealth. So diversification keeps you rich. So if you are in the business of making money, which when we're young, we should be and ice. And I'm really good at talking because I sucked when I was young. I didn't do any of this stuff. I talk about. In fact, I sent a pre out to myself the other day, maybe a year ago, advice to my younger self, all the things that I did wrong, that I want people not to do wrong. And the key somebody asked me, how do you become a better investor in. Like all the time, a lot, like all the time and do the shotgun and do the sniper. And, but when it goes against you just move on, just sell and move on. And when things start going, don't pull your weeds. Don't pull your flowers, right? Peter Lynch has this great line. He says, investing is super simple. You pull your weeds and you water your flowers. But he says, the average investor does the opposite. They pull their flowers. Cause they're so afraid to loosen and they water their weeds because they want to prove they're right. Soros is not whether you're right or wrong. That has nothing to do with anything. It's how much money you make when you're winning, how much money you lose when you're wrong. And if you can constantly minimize your loss. First loss of the best loss and let your winners run and then do that work so that you think about a sniper. You guys have seen the movie sniper? .Does he just like randomly pull the thing out of his bag and then start shooting? No, he plans. He sets the stage. He gets where no one can see him. He's got the stuff, the cammo on. He lines up the shot, he waits and he makes the kill. So it's not like that's planning. And so if you do the work you set the stage, you do the plan, you get the cammo, you get the right rifle. You get the right ammunition. Yeah. You'll make some, you make some great investments. But that does mean an ETF is bad. Now the problem, the only thing on ETS, just make sure they actually do what they say they're gonna do in what you name the ETF. So you could have value ETFs that are filled with 30 times revenue. These is crap companies. Yeah. It's not value now, but the new value when it goes down 95%. But, and again, this personal experience. So when I, my first job, I had a 401k and, we had six options and one of them was the blue chip growth fund. And I had a thesis that the world was going to get lousy. This is back in 1991, 1992. Oh, we're going to have recession. I'm like, I'm going to put my money in the high quality blue chips. So I moved all my money there and we had the recession just like we thought, and this thing went down 40%. What the fuck? Probably shouldn't say that, but what the hell? And I go on, I look and it says in the footnotes though, "the blue chips of tomorrow" What the hell? This is my fault. I didn't read. I gotta pull that prospectus.BZ: It's interesting. I want to go back to what you said earlier, And I agree with everything you said, and I think it's actually one of, one of the episodes we recorded about two months ago. At this point we talked about just thinking about. How you invest in approach money and what are your biases and knowing yourself. And so for me, I know that I am very bad at acting quickly.I take, and I do the analysis paralysis. For me at certain points and this is one of them right now. I don't have the time to go and research and then implement and act quickly. Cause I know I won't. So I'm just going to buy a bow broad basket for now and hold it. And then like you said, in your answer, there's different ways to double down and concentrate, right? Whether that's your skills, whether that's, I'll say starting a business, right? So there are different ways to think about investing, especially as an individual. And so I, I'm interested to hear what you would say about the asset allocation portion that you said earlier, that's almost more important than picking the winners and losers because it seems like you can build a great portfolio that has a phenomenal asset allocation out of individual stocks, right? And individual positions. You can also do it with ETFs and it might be easier for the individual to do that. Factor in a lot of things. You've got to do your research on those ETFs. You can't be buying on the name of the tick thing, but it's that's the answer more than one or the other, right?M: Yup. No, you're a hundred percent right. Austin and the ETFs are an amazing tool because they give you big swaths of the canvas. So if you think of a canvas and it's got all the different colors all over and, international and emerging markets and developed markets and equities and fixed income and commodities and currencies and derivatives and leverage and all the things that you need to build a diversified portfolio. Using individual securities, you can do it. It's hard, like super hard because you got to decide, okay, I want autos, but do I want European autos or Japanese autos? Or, what about this Tesla thing? Is that really a car company? Oh, I thought it was a software company. It's a car. It sits out, it collects dust, just like every other car. And, oh, by the way, you're only in your car 3% to 4% of the time. Think about that. You're inside your car 3% to 4%. So I would say don't spend a lot of money on cars unless you're like really into cars. But the interesting thing about all of this is how you build that portfolio is important. So if you think about the four steps of investment asset allocation, manage your selection, portfolio construction and security selection. So the 85% is in those first three, that is the allocation piece. And then the security selection piece is the 15%. So it really doesn't matter over the term, whether you own Ford or GM, it actually doesn't. In short periods of time, it can matter a lot for sure. But over long periods of time, it's less important than knowing should I be in automobiles or should I be in flying cars or should I be in, whatever. So the big picture asset allocation, should I be in stocks or bonds? Credit or equity, should I be in currencies or commodities? Should I be long biased or should I be long short? Should I be fully hedged? Should I be in cash? Should I be in, in emerging markets or international? Where's the growth, all of those big pictures. It's those asset allocation decisions are really important. So that's where I always start. And I try to come up with five big themes 10-year trends that I think are going to drive investment and growth. And one of mine is the middle classification of the emerging markets, right? There's about 3.5 B that live at middle-class or below around the world. Most of them in Southeast Asia and. Most of them are going to move up. And it's just math got to move up. Now, China alone, China took 750 million people out of abject poverty and put them in the middle-class over the last 30 years. I don't know. Maybe those people that want to move up. They've seen Dallas. They want that life. So there's probably some opportunities in retail and consumer in China over the next. Give or take giving us the size of the U S and Europe put together. So that's a big thing. How do you play that theme? I could buy a and have bought this ETF called K web. Why? Because it owns technology companies that are making those middle-class lives better now marked I think is down 90% in the last year. Yup. So I bought it two weeks ago because anytime something's down that much, you gotta buy it. It doesn't matter what it is. If something's down 90%, you got to buy it. And so how else would you play the growth? The Asian consumer commodities is going to be more in demand. So I play it that way. Then you got to say how am I going to implement? That's the manager selection piece. So manager selection. I could do it myself. I, Mike and I could go decide, we're going to go rifle, shoot. We're going to sniper. And we're going to pick the stocks. SoI'm going to buy Alibaba. I'm going to buy jd.com. Totally fine. Totally acceptable. But what if we miss Mae Twan? What if we miss Pendo that K web is going to have them all. So that's outsourcing the manager to the group. That's doing that. Now the challenge with that is you got to pick between the managers and Howard marks has this great line. He says the problem with picking managers and picking people to manage your money is you have to decide between the good person who sounds good and the bad person who sounds good. They don't let the person who sounds bad, make the presentation. And it's so true. They all sound awesome. But then there's portfolio construct. This is, let's say I pick 10 things, either individual stocks or ETFs or hedge fund managers or mutual funds. I got 10, 10%, each 50% to one and 5% to the others that matters. It matters a lot actually. And there's capitalization waiting. There's equal waiting, there's rebalancing or not rebalancing. So all those portfolio construction things matter. Now the nice thing is most of us, we have lives. So it's like the cobbler's kids who have no shoes. We intend to manage our portfolio and we intend to rebalance and we intend to do all the work, if I look at my IRA, I have this little IRA from your way back when, and I look at that relative to the things that I do, or I just put it in my funds that are managed by people in my firm. It ain't close. You have all these great ideas. Why didn't you just put them in your IRA? Because I got busy and I didn't do it. And I wasn't smart like Peter teal to put in, private shares, which is what I really should have done, should put private shares at Morgan Creek. And then I should have written them down to the, basically zero in the global financial crisis like he did. And so then he gets this big basis and it created billions of dollars. Now I wouldn't have created billions of dollars, Peter is a genius. He's a mad genius, but anyway, so it's a long way of saying allocation first, spend your most time there because it's the most impactful. And particularly for younger investors, I have this thing that don't listen to anything I, or any other pundit on diversified portfolios and portfolio management. Under 60 years old, don't listen to that. Just concentrate on venture capital, equities tech. Like I believe it's not hyperbole. I believe it should be against the law for 25 to 65 year old people to own bonds. It is the waste of time and money. You don't need the volatility reduction because your volatility reduction comes from your future earnings. That is your fixed income.BZ: What are your emotions and feelings looking at blockchain now? Is this kind of is this really exciting?M:Oh, my God. It's the greatest look. It's the greatest wealth creation opportunity. I'll see in my lifetime and I'm gonna be around a long time. I got an 11 year old still. So I, I have this funny thing, we're a good Catholic family. I joke we had nine. We just skipped the middle six. So we have two older kids and a baby. And so we're going to be, I'm going to be around a long time. We'll be working for a long time. And so I'm not going here, but this is the greatest wealth creation opportunity I've ever seen because we're building on great tech. When you built the internet, you were building on shitty tech client server technology is really bad when you built the mobile net. You're building on pretty good tech. The internet was pretty good, but now you're building on top of an installed mobile net infrastructure. That is extraordinary and blockchain is a technological advance that is not linear, but exponential. So all these things are incredibly powerful. So I look, I got exposed to blockchain and Bitcoin in 2013. I didn't understand it. And so I was not a cryptography student and I missed it. I got blockchain, I got infrastructure my whole 14 year cycle thing and have done quite nicely. We've made good investments in infrastructure but I missed the opportunity of, a generation to really be early in, in behind joke that I got introduced to it the same month as the Winkle vie. And they're multibillionaires and I'm not. but there's a movie called the graduate and the graduate. There's a scene where he's asking his uncle for advice is one word plastics, go into plastics, which was good advice in the sixties. And today I said one word, "Jack blockchain go out to California. He wanted to live in San Francisco, said, go work at Coinbase." And he goes out and he interviewed and talks to people and it's I don't know, dad, maybe it's gonna be a big deal. I'm just going to KPMG safe. Gets me to San Francisco. " you're going to hate it whenever he did hate it. Quit after nine months" Coinbase goes public. Cause I find the right should have gone to Coinbase, but not as bad as you think you are. I might go, oh, do tell. I told you to go to quit, but you didn't lever up the house and put on Bitcoin. I'm like, "oh you a little shit." Okay. That's fair. No, one's crying for my son. Cause he works for snowflake and he's doing great, but, and I'm really proud of him, but I think it's interesting. It's a long winded way of saying I have never been more excited in my life. I've never had this much fun in my whole career and I loved my career. I loved every stage of my career. But my career has been in chapters, right? Chapter one, I work for not-for-profits. I was an allocator. I had fun. I loved it. I got second income working for the universities. Chapter two, I built a really nice asset management company, Morgan Creek, capital chapter three three years into a 20 year stint of tokenizing the world. And I really am having more fun. Now I get to hang out with young, smart, really creative people. I'm seeing technological innovation like the world has never seen. I now spend all my time doing venture capital, which has just so much fun backing founders and watching them build things. And it's, again, back to that long game, if you think that there are only four ways in the world that you can make money, all four require you to take risk. If you leave your money in cash, you get the risk free rate. Hence the name because you're not taking any risks. And unfortunately, if you do that, all your wealth is chewed up by inflation, right? Leave your money in the bank today, you get less than one. Inflation is eight, that sucks. So you gotta take risks. You can take credit risk, first risk.You can buy a bond. Now bonds are an actual claim. If you don't get paid, you can Sue pretty good deal. But you don't get paid a lot. You can take 2% above Risk-free rate not a very good deal. Look at bonds day, 2.4%. Woo big deal. And then you can take equity risk. Second risk equities are contingent claim. Meaning you only get paid if all the bond holders get paid. And so that's, that makes 7%above risk free rate. That's pretty good. So equity should be at the core of your portfolio. Then you can take illiquidity risk, private investments, private equity, private real estate, private equity, private debt, better get 5% more, 12% above risk-free. Awesome. 14, 15% compounded venture capital, even higher. And then you can use structure or leverage and leverage cuts both ways. Sometimes it's good. Sometimes it's bad, but illiquidity and venture capital and innovation as an asset class. And for all the ribbing she's taken, Cathy Wood is exactly right. Innovation is an asset class. It is where you want to invest for the longterm. And that's what I'm doing right now.BZ: That's amazing. Mark. It's been so good to have you on, I know we're running out of time here. But it's just been an absolute pleasure for both myself and Austin. Thank you so much for the time.M:I appreciate you guys having me on the show. I love this. That you guys are doing a show on the longterm, instead of all the day trading stuff again, nothing wrong. Day-trading totally fine. But sometimes you got to step back, take a hike, think big thoughts and really enjoyed the conversation to appreciate all your hard work, getting ready for it. And we'll talk again soon.Support this podcast at — https://redcircle.com/the-long-run-show/donations

Today, I welcome Mark Yusko, the Founder, CEO & Chief Investment Officer at Morgan Creek Capital Management and Managing Partner at Morgan Creek Digital Assets.He currently manages close to $2 billion in discretionary and non-discretionary assets at Morgan Creek. He's known for his unique investment strategies and interest in emerging asset types. One of the cornerstones of the morgan creek investment philosophy is to invest in innovation.In this interview, we discuss the current macro environment, Canada freezing bank accounts, why inflation is theft, and CSH a new ETF by morgan creek which offers the safety of t-bills but also the opportunity to generate a decent return.Enjoymorgancreekcap.com@MarkYuskoThanks to Cofruition for consulting on and producing the podcast. Want further Opto insights? Check out our daily newsletter: https://www.cmcmarkets.com/en-gb/opto/newsletter------------------Past performance is not a reliable indicator of future results. CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person.The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.CMC Markets does not endorse or offer opinions on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

Jason Williams (aka "Parabolic Guy") is an entrepreneur and Bitcoin investor with multiple investment exits in excess of $500 million. He is the founder of FastMed and also built the world's first waste-to-energy cryptocurrency mine, which ran mainly on car tires. Jason is also a founding partner of Morgan Creek Digital Assets, the crypto-focused investment arm of Morgan Creek Capital, which is involved with many of the top companies in the space and has significant holdings in Bitcoin. He is the author of the book Bitcoin: Hard Money You Can't F*ck With, which went on to become a bestseller on Amazon's macroeconomics list. The book introduces Bitcoin as an asset class to conventional investors and the general public.

Today I welcome Mark Yusko, the Founder, CEO & Chief Investment Officer at Morgan Creek Capital Management and Managing Partner at Morgan Creek Digital Assets.He currently manages close to $2 billion in discretionary and non-discretionary assets at Morgan Creek. He's known for his alternative Thinking About Investments and interest in emerging asset types. It makes sense then that a cornerstone of the morgan creek investment philosophy is to invest in innovation. In this interview, we touch on Blockchain and digital currency as the greatest wealth creation opportunity of our lifetime, SPACs, Bitcoin, and how some of the best investment opportunities come from being an early investor in innovation.Enjoymorgancreekcap.com@MarkYusko...............Want further Opto insights? Check out our daily newsletter: https://www.cmcmarkets.com/en-gb/opto/newsletter

Mark Yusko, Founder, CEO & CIO of Morgan Creek Capital & the Managing Partner of Morgan Creek Digital Assets sits down to discuss: - the difference between price & value - hanging out with the bad guys - the importance of conviction - cash as an investment - the mathematics of loss - the 3:15 train problem- the fads, the frauds & the phonies - demographics as destiny - in & out politics - how money over IP is a substantive, transformative, technological advance - & much more about Bitcoin & investing

Anthony Pompliano, founder of Morgan Creek Digital Assets and host of “The Pomp” podcast, shares his extensive research and expertise on how he advises his clients’ portfolios of digital assets and crypto currencies. A big believer in Bitcoin, we discuss the current state of the global economy, the US dollar, inflation and how crypto could be the solution for the future. This is a unique time in history where we are seeing the largest transfer of wealth with entrepreneurs topping $200B in net worth. Pompliano thony gives insight and strategies to protect your wealth for the future.

A brief interview with "Pomp" on all things Bitcoin. Anthony Pompliano is a Founder and Partner at Morgan Creek Digital Assets. He was previously a Managing Partner at Full Tilt Capital, which was acquired by Morgan Creek in early 2018. In this interview we discuss how Pomp got into Crypto and his framework for investing in blockchain companies. This interview was recorded in March of 2019 in San Francisco with a small group of 20 institutional investors. https://twitter.com/APompliano https://digitalassetindexfund.com/ https://twitter.com/macrocrunch https://macrocrunch.substack.com/ --- Send in a voice message: https://podcasters.spotify.com/pod/show/sean-bill/message

In this episode Mark and I discuss portfolio construction, the endowment model and the importance of innovation and growth investing. Mark Yusko is the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management. He is also the Managing Partner of Morgan Creek Digital Assets. Morgan Creek Capital Management was founded in 2004 and currently manages close to $2 billion in discretionary and non-discretionary assets. Prior to founding Morgan Creek, Mr. Yusko was CIO and Founder of UNC Management Company (UNCMC), the Endowment investment office for the University of North Carolina at Chapel Hill. Before that, he was Senior Investment Director for the University of Notre Dame Investment Office. Mr. Yusko has been at the forefront of institutional investing throughout his career. An early investor in alternative asset classes at Notre Dame, he brought the Endowment Model of investing to UNC, which contributed to significant performance gains for the Endowment. The Endowment Model is the cornerstone philosophy of Morgan Creek, as is the mandate to Invest in Innovation. Mr. Yusko is again at the forefront of investing through Morgan Creek Digital Assets, which was formed in 2018. Morgan Creek Digital is an early stage investor in blockchain technology, digital currency and digital assets through the firm's Venture Capital and Digital Asset Index Fund. Mr. Yusko received a BA with Honors from the University of Notre Dame and an MBA in Accounting and Finance from the University of Chicago. https://twitter.com/MarkYusko https://www.morgancreekfunds.com/ https://twitter.com/macrocrunch https://macrocrunch.substack.com/ --- Send in a voice message: https://podcasters.spotify.com/pod/show/sean-bill/message

In a very busy year, Bitcoin has flown relatively under the radar... despite reaching all-time-highs at the beginning of December. Bitcoin is up around 152% year to date. We're steadily seeing higher highs and higher lows. So Dan brought Bitcoin Bull and legendary value investor, Mark Yusko, onto the show to discuss the rise. Mark is the founder CEO and Chief Investment Officer of Morgan Creek Capital Management, which currently has around $2 billion in discretionary and non-discretionary assets under management. He is also the Managing Partner at Morgan Creek Digital Assets... and has been very bullish on Bitcoin for years. He calls Bitcoin a "better form of gold, a digital store of value." Dan and Mark have a long in-depth discussion on the world's most popular cryptocurrency. Dan plays devil's advocate and grills Mark on Bitcoin every which way... What happens if the government tries to ban Bitcoin? What if someone wanted to hack the system, couldn't they steal all the Bitcoin? Won't some new innovation come along and eventually replace Bitcoin? Mark responds giving a ton of incredible insight and information you likely haven't heard anywhere else. Listen to his discussion with Dan and more on this week's episode. For more from Stansberry Research, check out the American Consequences podcast here: https://americanconsequences.com/podcast/

In a very busy year, Bitcoin has flown relatively under the radar... despite reaching all-time-highs at the beginning of December. Bitcoin is up around 152% year to date. We're steadily seeing higher highs and higher lows. So Dan brought Bitcoin Bull and legendary value investor, Mark Yusko, onto the show to discuss the rise. Mark is the founder CEO and Chief Investment Officer of Morgan Creek Capital Management, which currently has around $2 billion in discretionary and non-discretionary assets under management. He is also the Managing Partner at Morgan Creek Digital Assets... and has been very bullish on Bitcoin for years. He calls Bitcoin a "better form of gold, a digital store of value." Dan and Mark have a long in-depth discussion on the world's most popular cryptocurrency. Dan plays devil's advocate and grills Mark on Bitcoin every which way... What happens if the government tries to ban Bitcoin? What if someone wanted to hack the system, couldn't they steal all the Bitcoin? Won't some new innovation come along and eventually replace Bitcoin? Mark responds giving a ton of incredible insight and information you likely haven't heard anywhere else. Listen to his discussion with Dan and more on this week's episode.

Morgan Creek Digital Assets co-founder and partner Jason Williams says Bitcoin could meteorically rise nearly 17,900% in five years as BTC solidifies its position as a safe haven asset. In a Norwegian Block Exchange interview, Williams offers his bull scenario for the world’s leading cryptocurrency. “Bitcoin could hit $1 – $3 million dollars in the next five years. People have no idea what it will look like when large banks and countries start holding Bitcoin in their treasury.” The crypto hedge fund manager highlights Bitcoin’s scarcity as a key characteristic that will attract more institutional players and continue to drive the value of the king cryptocurrency. For complete show notes and for the full premium experience with video, visit our YouTube channel at http://CryptoNewsAlerts.net

Bitcoin bull and Morgan Creek Digital Assets co-founder Anthony Pompliano is mapping out why he believes BTC could reach $225,000 in just over a year. In his latest letter to investors, Pompliano unveils the macro factors that may serve as tailwinds for the next Bitcoin bull market. “The Federal Reserve has cut interest rates to 0%. They plan to keep us in a zero-rate environment for the foreseeable future. Multiple stimulus packages in 2020 now total more than $3 trillion in QE. We have another $2 trillion on the way… The combination of the Fed’s asset price manipulation and inflation fears has driven gold and Bitcoin to drastically outperform equities and other commodities.” The Bitcoin advocate also highlights that Wall Street has “woken up to the Bitcoin trade,” which Pompliano says has increased demand for BTC. For complete show notes and for the full premium experience with video, visit our YouTube channel at CryptoNewsAlerts.net

Our guest today is Mark Yusko, Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management, which manages close to $2 billion. He is also the Managing Partner of Morgan Creek Digital Assets. Prior to founding Morgan Creek, he was CIO and Founder of UNC Management Company (UNCMC), the Endowment investment office for the University of North Carolina at Chapel Hill.   In this episode we discuss his transition from running UNC's endowment to starting Morgan Creek with the help of Julian Robertson, why his recent road trip across the country leads him to believe the U.S. recovery is not going well, the benefits from using Twitter, and his elevator pitch to advisors on why bitcoin belongs in everyone's portfolio.   Our local co-host today is Chris Cannon, CFA, Chief Investment Officer at FirsTrust and board member for CFA Society of Orlando. Please enjoy the episode.  Follow the CFA Society of Orlando on Twitter at @CFAOrlandoFL

Tom welcomes Mark Yusko, CEO and Chief Investment Officer of Morgan Creek Capital Management, back to the show. Mark discusses why stocks may not be that viable in a low bond rate environment. The Fed's job is to enrich the bankers. When governments become despotic and crony, they eventually fail, usually due to too much debt and spending. Governments today can't pay their debts in an environment with declining trade and low-interest rates; this is not a sign of strength. We are in Ponzi finance territory today, which always ends badly. Mark uses copper, ten-year interest rates, the oil price, and technology companies that manufacture components as a baseline for determining economic activity. He is not optimistic about a significant rebound in the economy, as many small businesses are closed forever. The S&P in nominal terms appears to be back at highs, but if you price it in gold or bitcoin, it is down materially. People may believe they are better off, but there is stealthy destruction of value occurring. Ultimately the world today has been financialized to the extent that the banks are too big to fail. This is why alternative forms of money like bitcoin are emerging and why gold and silver will ultimately be arbiters of value in the world. Silver has explosive upside potential. Commodities are at their lowest value in history, and they will beat paper assets. Mark says, "People today are drowning in information and thirsting for knowledge. It's important to know what to ignore and where to focus your attention." Time Stamp References:1:30 - Fed models and interest rates.5:45 - Zombie markets and zombie companies.9:00 - Four horseman of the growth apocalypse.13:45 - S&P contrasted with gold.20:50 - Banking risks and JP Morgan.24:10 - Reverting to a gold standard.27:55 - Gold Silver Ratio33:00 - Focusing on whats important. Talking Points From This Episode• Crony governments and declining trade.• Today, we are at Ponzi finance levels.• Economy is not likely to rebound soon.• Why gold and silver is the place to be. Mark Yusko is the Founder, CEO, and Chief Investment Officer of Morgan Creek Capital Management. He is also the Managing Partner of Morgan Creek Digital Assets. Morgan Creek Capital Management was founded in 2004 and currently manages close to $2 billion in discretionary and non-discretionary assets. Before founding Morgan Creek, Mr. Yusko was the CIO and Founder of UNC Management Company (UNCMC), the Endowment investment office for the University of North Carolina at Chapel Hill. Before that, he was Senior Investment Director for the University of Notre Dame Investment Office. Mr. Yusko has been at the forefront of institutional investing throughout his career. An early investor in alternative asset classes at Notre Dame brought the Endowment Model of investing to UNC, which contributed to significant performance gains for the Endowment. The Endowment Model is the cornerstone philosophy of Morgan Creek, as is the mandate to Invest in Innovation. Mr. Yusko is again at the forefront of investing through Morgan Creek Digital Assets, which was formed in 2018. Morgan Creek Digital is an early-stage investor in blockchain technology, digital currency, and digital assets through the firm's Venture Capital and Digital Asset Index Fund. Mr. Yusko received a BA with Honors from the University of Notre Dame and an MBA in Accounting and Finance from the University of Chicago. Guest Links:Twitter: https://twitter.com/MarkYuskoWebsite: https://www.morgancreekcap.comYouTube: https://www.youtube.com/

Host Tom Shaughnessy sits Anthony Pompliano, Co-Founder and Partner at Morgan Creek Digital Assets.    The two discuss Pomp's creation of one of the largest crypto newsletters, his leading podcast, Morgan Creek Digital investing 9 figures in the crypto space, Bitcoin, the decentralization spectrum and much more.   Looking to trade Crypto Futures and Options? Check out Delta Exchange; where you can trade Futures on Bitcoin and leading Altcoins with up to 100x leverage. Delta also offers Options on Bitcoin and Altcoins; Spread Contracts and Interest Rate Swaps. Thank you to our sponsor Crypto.com for making this happen! Visit bit.ly/cryptodelphi for more information! - Twitter: Pomp's Twitter: https://twitter.com/APompliano Tom's Twitter: https://twitter.com/Shaughnessy119 Delphi Podcast Twitter: https://twitter.com/PodcastDelphi More Our Video interviews Can Be Viewed Here: https://youtu.be/fubeSokngY8 Access Delphi's Research Here: https://www.delphidigital.io/ Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Tom Shaughnessy owns tokens in ETH, BTC, CKB, MLN, SNX, RUNE, sUSD, and HNT. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service.     

Dear Crypto Class of 2020. Since you have been quarantined for much of this semester, we want to take this opportunity to share some blockchain wisdom with you. Buy low, sell high. If you don’t own your keys, you don’t own your crypto Craig Wright is not Satoshi Nakamoto Once a shitcoin, always a shitcoin No one on social media is giving away free eth Stay Bad And amidst these unusual circumstances for a commencement ceremony, today we bring you Pomp. That’s Anthony Pompliano of Morgan Creek Digital Assets. Now come get your diploma and elbow bump the Dean for episode #408 of The Bad Crypto Podcast. Full Show Notes at: http://badco.in/408 SUBSCRIBE, RATE, & REVIEW: Apple Podcast: http://badco.in/itunes Google Podcasts: http://badco.in/google Spotify: http://badco.in/spotify FOLLOW US ON SOCIAL MEDIA: Twitter: @BadCrypto - @joelcomm - @teedubya Facebook:  /BadCrypto - /JoelComm - /teedubyaw Facebook Mastermind Group: /BadCrypto LinkedIn: /in/joelcomm - /in/teedubya Instagram: @BadCryptoPodcast Email: badcryptopodcast[at]gmail[dot]com Phone: SEVEN-OH-8-88FIVE- 90THIRTY DONATE CRYPTO TO THE SHOW: If you'd like to donate a bit of cryptocurrency to The Bad Crypto Podcast, feel free to send copious amounts to the following locations:  $BTC: Bitcoin: 3GMgCH4dFUHSLdrPnLwEsfKPVnLnoGbzGZ  $ETH Ethereum: 0x1ccE8A04fa6743eD1D24cA063c7543D43B42F328  $LTC Litecoin: LavXqTWVHebEgVhBXdg3Hue3xEAmgtxLgr  $DOGE Dogecoin:  DMngvNMX1U8Sg8PkDjCC3UTS8Mmn9RqTP5 DISCLAIMER: Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency.  We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us. We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations. Show Edited By: Aaron The Tech (http://aaronthe.tech) Support the show: https://badcryptopodcast.com See omnystudio.com/listener for privacy information.

Dear Crypto Class of 2020. Since you have been quarantined for much of this semester, we want to take this opportunity to share some blockchain wisdom with you.Buy low, sell high.If you don't own your keys, you don't own your cryptoCraig Wright is not Satoshi NakamotoOnce a shitcoin, always a shitcoinNo one on social media is giving away free ethStay BadAnd amidst these unusual circumstances for a commencement ceremony, today we bring you Pomp. That's Anthony Pompliano of Morgan Creek Digital Assets.Now come get your diploma and elbow bump the Dean for episode #408 of The Bad Crypto Podcast.Full Show Notes at: http://badco.in/408SUBSCRIBE, RATE, & REVIEW:Apple Podcast: http://badco.in/itunesGoogle Podcasts: http://badco.in/googleSpotify: http://badco.in/spotifyFOLLOW US ON SOCIAL MEDIA:Twitter: @BadCrypto - @joelcomm - @teedubyaFacebook:  /BadCrypto - /JoelComm - /teedubyawFacebook Mastermind Group: /BadCryptoLinkedIn: /in/joelcomm - /in/teedubyaInstagram: @BadCryptoPodcastEmail: badcryptopodcast[at]gmail[dot]comPhone: SEVEN-OH-8-88FIVE- 90THIRTYDONATE CRYPTO TO THE SHOW:If you'd like to donate a bit of cryptocurrency to The Bad Crypto Podcast, feel free to send copious amounts to the following locations: $BTC: Bitcoin: 3GMgCH4dFUHSLdrPnLwEsfKPVnLnoGbzGZ $ETH Ethereum: 0x1ccE8A04fa6743eD1D24cA063c7543D43B42F328 $LTC Litecoin: LavXqTWVHebEgVhBXdg3Hue3xEAmgtxLgr $DOGE Dogecoin:  DMngvNMX1U8Sg8PkDjCC3UTS8Mmn9RqTP5DISCLAIMER:Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency.  We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.Show Edited By: Aaron The Tech (http://aaronthe.tech)

Jason Williams is the Founder and CEO of PRTI, a company that uses patented technology to turn used or unsaleable tires into fuel, which is then used to mine bitcoin. He is also the Co-Founder and General Partner of Morgan Creek Digital Assets, an experienced entrepreneur with a $500 million exit to his name, as well as a prolific angel investor. I'm extremely excited by the potential for bitcoin mining to revolutionize the energy industry, so I invited Jason to come on the show to discuss the role his company is playing in this, as well as to touch on some of the other exciting things happening around bitcoin today. Enjoy! - More from Jason: TWITTER: https://twitter.com/JWilliamsFstmed PRTI WEBSITE: http://www.prtitech.com/ More from me: TWITTER: http://bit.ly/2P7PUjA YOUTUBE: https://bit.ly/3aBbZxg MEDIUM: http://bit.ly/2Zk0Dex INSTAGRAM: http://bit.ly/30r7IqY If you’re in Canada, and looking to buy bitcoin, Shakepay is an excellent option. They have the fastest sign up, funding and withdrawals I’ve ever seen. They also have really great rates. Use this affiliate link to buy $100+ of bitcoin and we both get $10 fee: https://shakepay.me/r/FEW1DR0

In this episode, Kevin Kelly sits down with Mark Yukso, the CEO & CIO of Morgan Creek  Capital Management and Managing Partner of Morgan Creek Digital Assets, to discuss the  current state of markets, implications of extreme policy decisions in the wake of COVID-19, and the potential role Bitcoin and crypto will play in its aftermath. Mark shares invaluable insights from his +25yrs in investment management, drawing parallels to prior downturns and tech cycles while sharing his views on where we're headed in the New Normal. View Video Interview Here: https://www.youtube.com/watch?v=0S_6UntZ1eI - Twitter: Mark Yusko Twitter: https://twitter.com/MarkYusko   Kevin Kelly Twitter: https://twitter.com/Kevin_Kelly_II   Chain Reaction Twitter: https://twitter.com/chainpodcast Support The Show Our Video interviews Can Be Viewed Here: https://youtu.be/fubeSokngY8 Access Delphi's Research Here: https://www.delphidigital.io/   Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Tom Shaughnessy owns tokens in ETH, BTC, CKB, STX, SNX, RUNE, sUSD, and HNT. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service.     

Tom welcomes a new guest Mark Yusko who is CEO and Chief Investment Officer of Morgan Creek Capital Management. Mark says we have the highest amount of leverage at all levels today, which is very similar to 1929. The 1929 crash was terrible, with markets falling 47%, then rallied back and then collapsed again. America today has an addiction problem, and that addiction is debt. Debt has to be defaulted on or inflated away, which is the path they choose in the 1930s. Every bear market has a sharp drop, then a reflective rebound, and then you have a fundamental down cycle. This cycle takes 18 to 24 months. The damage we have done from the shutdown will have long repercussions. We will have depression-like economic activity, which will lead to much lower stock prices. Social media today exaggerates people's personal biases and creates echo chambers. He discusses his alternate Gold FAAANG, which is composed of undervalued stocks that he believes will do well during the next few years. People today believe that value no longer matters, but Mark argues that it always matters. Time Stamp References: 0:30 - His journey into investing. 5:30 - This market rally isn't sustainable. 8:40 - America is addicted to debt. 10:30 - Bear markets take 18 to 24 months. 12:15 - 3 Trillion in additional debt. 16:00 - The value of a dollar today. 20:00 - Why value doesn't die. 23:30 - His alternate to the FANG. 29:00 - Gold is wildly undervalued. 30:00 - Countries will inflate their currency. 36:30 - Avoiding your personal cognitive bias. Talking Points From This Episode • Comparisons between 2008, 1929, and today. • The stages of a bear market. • Chasing price versus chasing value. • US, Japan, and Europe in the race to the bottom. • Overcoming personal bias and belief. Mark Yusko is the Founder, CEO, and Chief Investment Officer of Morgan Creek Capital Management. He is also the Managing Partner of Morgan Creek Digital Assets. Morgan Creek Capital Management was founded in 2004 and currently manages close to $2 billion in discretionary and non-discretionary assets. Before founding Morgan Creek, Mr. Yusko was CIO and Founder of UNC Management Company (UNCMC), the Endowment investment office for the University of North Carolina at Chapel Hill. Before that, he was Senior Investment Director for the University of Notre Dame Investment Office. Mr. Yusko has been at the forefront of institutional investing throughout his career. An early investor in alternative asset classes at Notre Dame, he brought the Endowment Model of investing to UNC, which contributed to significant performance gains for the Endowment. The Endowment Model is the cornerstone philosophy of Morgan Creek, as is the mandate to Invest in Innovation. Mr. Yusko is again at the forefront of investing through Morgan Creek Digital Assets, which was formed in 2018. Morgan Creek Digital is an early-stage investor in blockchain technology, digital currency, and digital assets through the firm’s Venture Capital and Digital Asset Index Fund. Mr. Yusko received a BA with Honors from the University of Notre Dame and an MBA in Accounting and Finance from the University of Chicago. His FAAANG Picks: FNV AEM AGI AU NEM GOLD Twitter: https://twitter.com/MarkYuskoWebsite: https://www.morgancreekcap.comYouTube: Around the World with Yusko

Jason Williams is the Founder and CEO of PRTI, a company that uses patented technology to turn used or unsaleable tires into fuel, which is then used to mine bitcoin. He is also the Co-Founder and General Partner of Morgan Creek Digital Assets, an experienced entrepreneur with a $500 million exit to his name, as well as a prolific angel investor. I'm extremely excited by the potential for bitcoin mining to revolutionize the energy industry, so I invited Jason to come on the show to discuss the role his company is playing in this, as well as to touch on some of the other exciting things happening around bitcoin today. Enjoy! - More from Jason: TWITTER: https://twitter.com/JWilliamsFstmed PRTI WEBSITE: http://www.prtitech.com/ More from me: TWITTER: http://bit.ly/2P7PUjA YOUTUBE: https://bit.ly/3aBbZxg MEDIUM: http://bit.ly/2Zk0Dex INSTAGRAM: http://bit.ly/30r7IqY

As host of the Pomp Podcast, author of the daily Off The Chain newsletter, and founder partner at Morgan Creek Digital Assets, Anthony Pompliano is one of the best known media personalities and investors in the crypto industry. In this episode, he and @NLW discuss: The Fed’s just announced $2.3 trillion stimulus package - including the authorization to buy junk bondsWhy media and trust have desiccated to their lowest levels ever The lack of a plan to restart the economy Why Bitcoin was sold in last months larger market sell offWhy smart institutional investors are looking to bitcoin as a hedge when the deflationary environment turns inflationary Why companies have to be allowed to fail to increase resilience Why the best way to build a resilience economy is to put money in the hands of entrepreneurs and small businesses

As host of the Pomp Podcast, author of the daily Off The Chain newsletter, and founder partner at Morgan Creek Digital Assets, Anthony Pompliano is one of the best known media personalities and investors in the crypto industry.  In this episode, he and @NLW discuss:  The Fed’s just announced $2.3 trillion stimulus package - including the authorization to buy junk bonds Why media and trust have desiccated to their lowest levels ever  The lack of a plan to restart the economy  Why Bitcoin was sold in last months larger market sell off Why smart institutional investors are looking to bitcoin as a hedge when the deflationary environment turns inflationary  Why companies have to be allowed to fail to increase resilience  Why the best way to build a resilience economy is to put money in the hands of entrepreneurs and small businesses 

Muhamed Alic interviews Morgan Creek Digital Assets Co-Founder Anthony Pompliano to discuss his experience at Facebook, Snapchat, and as a Co-Founder of Full Tilt Capital and Morgan Creek Digital Assets.

Bitcoin was once considered a fad by many but it appears that is no longer the case. As institutional investors begin allocating capital to digital assets such as bitcoin, the industry is maturing. In this episode, Adam Torres and Anthony "Pomp" Pompliano, Co-founder & Partner at Morgan Creek Digital Assets, explore bitcoins future.Follow Adam on Instagram at https://www.instagram.com/askadamtorres/ for up to date information on book releases and tour schedule.Apply to be interviewed by Adam on our podcast:https://www.moneymatterstoptips.com/podcastguest

Jelly Donut Podcast #14 was recorded on January 10th, 2020. Mark Yusko is the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management and Managing Partner of Morgan Creek Digital Assets. Prior to founding Morgan Creek, he was CIO and Founder of UNC Management Company (UNCMC). Before that, he was Senior Investment Director for the University of Notre Dame Investment Office. He received a BA with Honors from the University of Notre Dame and an MBA in Accounting and Finance from the University of Chicago. https://twitter.com/MarkYusko https://www.morgancreekcap.com/ https://www.youtube.com/channel/UC3qJ6fqaeIzIlIOUOUEMEAA --- Support this podcast: https://anchor.fm/jellydonutpodcast/support

***This podcast was originally released on 4/18/19 as a recording from our TF3 Conference in March 2019. This was one of our top episodes of 2019 and had some interesting predictions some of which played out.*** Featuring Anthony Pompliano of Morgan Creek Capital & Off the Chain Podcast, Alex Shin of Hashed, and Rui Zhang of Gumi Cryptos This episode is a live recording from TF3, our most recent TF Blockchain Conference on March 28, 2019, where we host a panel titled “Venture Capital Outlook on Blockchain”. Our panel features Alex Shin, Founding Partner Of Hashed, Ray Zhang, Managing Director of Gumi Cryptos, and Anthony Pompliano Founder of Morgan Creek Digital Assets and the Off the Chain Podcast. We discuss venture’s outlook on blockchain, how they look at deals and make investments, and interesting scenarios with enterprises who have announced cryptocurrencies. Our TF attendees loved this candid panel at TF3 and I hope you feel the same way when you listen in.

*** this is not financial or legal advice*** What is Bitcoin? Who is Satoshi? Is Bitcoin the future?? This is a great episode for the beginners and the advanced to understand what is money and the purpose of bitcoin in the real world. Mark W. Yusko is Chief Executive Officer and Chief Investment Officer, Morgan Creek Capital Management Managing Partner, Morgan Creek Digital Assets, Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management. Follow us at: Twitter: @whatiscrypto Website: Whatiscrypto.com FB Group & Page: What is Crypto YouTube: https://www.youtube.com/channel/UCspcykxjIbHo0C9ZOCM9YnA Mark Yusko https://www.morgancreekcap.com Twitter: @MarkYusko Michael Nye (Host) Twitter: @MrMichaelNye IG: mrmichaelnye Matthew Aaron (Producer) Twitter: @MatthewAaronCLE Email: Matthew@iamnye.com For Bookings: https://www.whatiscrypto.com Editor: Jay LaBella Twitter: https://www.jaylabella.com Music: https://www.youtube.com/watch?v=llJidlsx-cY Pace by Lahar https://soundcloud.com/musicbylahar Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download / Stream: https://bit.ly/_pace Music promoted by Audio Library https://youtu.be/llJidlsx-cY https://www.youtube.com/watch?v=2ukfjWqoHr8 Endless Dreams by ASHUTOSH https://soundcloud.com/grandakt Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download / Stream: https://bit.ly/endless-dreams Music promoted by Audio Library https://youtu.be/2ukfjWqoHr8 https://www.youtube.com/watch?v=FU0IiZj3H2g Track: Down the street — Vendredi [Audio Library Release] Music provided by Audio Library Plus Watch: https://youtu.be/FU0IiZj3H2g Free Download / Stream: https://alplus.io/down-the-street © Copyright 2019 What is Crypto Media LLC All Rights Reserved

Boeing strips the chairman’s role from CEO Dennis Muilenburg as the 737 Max plane fleet remains grounded. Antiques are to Restoration Hardware as Bitcoin is to...Libra? Joe Kernen, Becky Quick and Andrew Ross Sorkin discuss Facebook’s crypto currency with Anthony Pompliano, co-founder of Morgan Creek Digital Assets, and the Wall Street Journal’s Joanna Stern and CNET’s Joan Solsman pose concerns about Facebook’s position of power. Operation HOPE Founder John Hope Bryant has a message about capitalism for U.S. companies, the NBA, China, and Democratic presidential candidates. Plus, Treasury Secretary Steven Mnuchin tells CNBC that the U.S. and China have reached a fundamental trade agreement--the first phase, at least. Learn more about your ad choices. Visit megaphone.fm/adchoices

Anthony Pompliano, the co-founder of Morgan Creek Digital Assets has argued that Satoshi Nakamoto should be awarded the Nobel Peace Prize for inventing Bitcoin.

Anthony Pompliano, the co-founder of Morgan Creek Digital Assets has argued that Satoshi Nakamoto should be awarded the Nobel Peace Prize for inventing Bitcoin. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅ BITBLOCKBOOM ✅ ► Take a look at the Bitcoin Conference I am hosting in Dallas, Texas at https://BitBlockBoom.com ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅ UNSTOPPABLE DOMAINS ✅ ► Censorship resistant blockchain domains that double as a crypto wallet address https://4MinuteCrypto.com/zil ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅MY WEBSITES ✅ ► https://4MinuteCrypto.com ► https://CryptoCousins.com ► https://ArlingtonCrypto.com ► https://CryptoPodcaster.com ► https://GaryLeland.com ► https://BitBlockBoom.com ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅MY CONTACT INFO ✅ ► Email me at TheCryptoCousins@gmail.com ► Message me at https://Facebook.com/msg/GaryLeland ► Leave a voice comment at 817-476-0660 ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅MY SOCIAL MEDIA ✅ ► https://Twitter.com/GaryLeland ► https://Facebook.com/GaryLelands ► https://Linkedin.com/in/GaryLeland ► https://Instagram.com/Gary_Leland ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅MY AUDIO PODCASTS ✅ ► https://4MinuteCrypto.com/iTunes ► https://CryptoCousins.com/iTunes ► https://BitBlockBoom.com/Podcast ► http://RailroadedPodcast.com ► http://WhatIsBitcoinPodcast.com ► https://CryptoPodcasters.com (coming soon) ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅SHOW YOUR SUPPORT ✅ ► https://Patreon.com/CryptoCousins ► With Crypto - https://4MinuteCrypto.com/Donate ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅USEFUL LINKS ✅ ► The best Bitcoin book - https://4MinuteCrypto.com/Bitcoin ► Subscribe to Alexa Flash Briefings - https://4MinuteCrypto.com/Alexa ► Get $10 in Bitcoin free at Coinbase -https://CryptoCousins.com/Coinbase ► Bitcoin Clothing & Gear - https://CryptoCrybaby.com ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Gary is available to keynote or emcee or present at your Bitcoin/Crypto event. Contact Gary at GaryLeland@gmail.com for additional info. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●

American investor and co founder of Morgan Creek Digital Assets, Anthony Pompliano also known as “Pomp” explained his investing strategy and skepticism towards fiat currency in an interview.

American investor and co founder of Morgan Creek Digital Assets, Anthony Pompliano also known as “Pomp” explained his investing strategy and skepticism towards fiat currency in an interview. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅ BITBLOCKBOOM ✅ ► Take a look at the Bitcoin Conference I am hosting in Dallas, Texas at https://BitBlockBoom.com ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅ UNSTOPPABLE DOMAINS ✅ ► Censorship resistant blockchain domains that double as a crypto wallet address https://4MinuteCrypto.com/zil ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅MY WEBSITES ✅ ► https://4MinuteCrypto.com ► https://CryptoCousins.com ► https://ArlingtonCrypto.com ► https://CryptoPodcaster.com ► https://GaryLeland.com ► https://BitBlockBoom.com ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅MY CONTACT INFO ✅ ► Email me at TheCryptoCousins@gmail.com ► Message me at https://Facebook.com/msg/GaryLeland ► Leave a voice comment at 817-476-0660 ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅MY SOCIAL MEDIA ✅ ► https://Twitter.com/GaryLeland ► https://Facebook.com/GaryLelands ► https://Linkedin.com/in/GaryLeland ► https://Instagram.com/Gary_Leland ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅MY AUDIO PODCASTS ✅ ► https://4MinuteCrypto.com/iTunes ► https://CryptoCousins.com/iTunes ► https://BitBlockBoom.com/Podcast ► http://RailroadedPodcast.com ► http://WhatIsBitcoinPodcast.com ► https://CryptoPodcasters.com (coming soon) ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅SHOW YOUR SUPPORT ✅ ► https://Patreon.com/CryptoCousins ► With Crypto - https://4MinuteCrypto.com/Donate ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ✅USEFUL LINKS ✅ ► The best Bitcoin book - https://4MinuteCrypto.com/Bitcoin ► Subscribe to Alexa Flash Briefings - https://4MinuteCrypto.com/Alexa ► Get $10 in Bitcoin free at Coinbase -https://CryptoCousins.com/Coinbase ► Bitcoin Clothing & Gear - https://CryptoCrybaby.com ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Gary is available to keynote or emcee or present at your Bitcoin/Crypto event. Contact Gary at GaryLeland@gmail.com for additional info. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●

Featuring Anthony Pompliano of Morgan Creek Digital Assets, Joe Roets of Dragonchain, and Paul Walsh of Metacert This episode is a compilation of backstage interviews from our 3rd, TF Blockchain Conference, which took place on March 28, 2019 in Seattle. We have divided our backstage interviews over two podcast. In part one you’ll hear interviews with Anthony Pompliano of Morgan Creek Digital and Off The Chain Podcast, Joe Roets of Dragonchain, and Paul Walsh of Metacert.

In this episode, we reflect on the biggest ideas and lessons learned from the past 12 months of interviewing the top names in crypto. I’m joined by Anthony "Pomp" Pompliano, co-founder at Morgan Creek Digital Assets. Hear Pomp & Clay discuss which companies might outperform Bitcoin, what we got wrong about crypto in 2018, and why debt hasn’t gotten as much attention as it should.In this episode we discuss: The equity opportunities that Pomp finds most interesting Anthony’s outlook on media companies The concept of bootstrapping a crypto nation-state The major categories of use cases for security tokenization How tokenization affects disclosure The spectrum between centralized and non-centralized What Anthony has learned from doing his podcast The best episode of the past 12 months of Flippening What Anthony thinks about Grin Bear markets Anthony’s thoughts on generalized mining Impact of the Bitcoin ETF Ecosystem funds Derivative platforms Whether Binance & BNB are overrated or underratedOur Sponsor - Nomics’s Cryptocurrency Market Data API The Nomics API offers squeaky clean and normalized primary source trade data offered through fast and modern endpoints. Instead of having to integrate with several exchange APIs of varying quality, you can get everything through one screaming fast fire hose. If you found that you or your developer have to spend too much time cleaning up and maintaining datasets, instead of identifying opportunities, or if you’re tired of interpolated data and want raw primary source trades delivered simply and consistently with top-notch support in SLAs, then check us out here.

Hosted by Enigma's Head of Growth Tor Bair, our fifth episode features Anthony Pompliano from Morgan Creek Digital Assets. Anthony is an investor and entrepreneur who has built a large audience for his wisdom about the decentralization space and digital asset markets, from his daily newsletter to his podcast Off the Chain to his large Twitter following. On this episode, we talk about Anthony's journey to his present role, from the military, to his time at Facebook, to his VC firm Full Tilt Capital. We discuss how to have a "growth mindset" in the decentralization space, what we can learn (and not learn) from companies like Facebook, how to design growth loops - and we also talk for a while about his pinned message on Twitter. Enigma's new podcast "Decentralize This!" features guests from all over the decentralization space: developers, investors, entrepreneurs, researchers, writers, artists, people in government and enterprise - all individuals who care deeply about building a more decentralized and sustainable world. How can all these people with different perspectives collaborate to create and scale the technologies we need to shape a better future? ---- Relevant links: Off the Chain: https://offthechain.substack.com/ Anthony's Twitter: https://www.twitter.com/apompliano Enigma: www.enigma.co Enigma Blog: blog.enigma.co Enigma Twitter: www.twitter.com/enigmampc

Get your notepad out for this one where we discuss Bitcoin, crypto assets and why Bitcoin is a "hedge against human behaviours" with Pomp aka Anthony Pompliano who is a Partner at Morgan Creek Digital Assets and ex-Facebook and Snapchat employee. If you're listening to this, you are the resistance @CryptoDantes @Stigofthepump @APompliano

Michael Hiles is the founder and CEO of 10XTS, which builds transparent, decentralized, secure solutions for industry and governments using public and private blockchains, and more.//10XTS is creating XDEX, a cloud-based blockchain platform that enables enterprises and organization to incorporate the power of a decentralized, immutable ledger system into their information systems and data strategy. The company is based in Cincinnati, OH.learn more about 10XTS: https://10xts.com/learn more about XDEX: https://xdex.io///Anthony "Pomp" Pompliano is the Founder & Partner of Morgan Creek Digital Assets, a multi-strategy investment firm focused on providing access to blockchain technology and digital assets for institutional clients and wealthy family offices.follow Pomp on Twitter: https://twitter.com/APomplianojoin Pomp's Off The Chain newsletter: https://offthechain.substack.com/follow upside on Twitter: https://twitter.com/upsidefm

We chat with Anthony "Pomp" Pompliano, Founder & Partner at Morgan Creek Digital Assets, a blockchain-centric subsidiary of investment firm Morgan Creek Capital. We talk about: What is tokenization and why are its benefits How tokenized assets stack up against traditional securitization What regulatory hurdles are in place for tokenization Please rate and subscribe to help us get this podcast to more people! Host: Jason Choi (@MrJasonChoi) ****** Show links: Libsyn: bit.ly/blockcrunch_libsyn Apple Podcast:bit.ly/blockcrunch_apple Stitcher: bit.ly/blockcrunch_stitcher Spotify: bit.ly/blockcrunch_spotify ****** Intro music by Phortissimo: https://soundcloud.com/phortissimo Sound engineering and outro music by Garreth Chan: https://www.garrethchan.com/ Disclaimer: The Blockcrunch podcast series is intended for educational purposes only and does not constitute investment advice. Conduct your own research and invest at your own risk.

In this episode, Ben and Jay delve into the many facets of tokenization with a leading voice in the space, Anthony "Pomp" Pompliano, Founder and Partner at Morgan Creek Digital Assets. From the value of fractional digital share ownership to the global ramifications of security tokens, we take a closer look at this rapid-moving, often over-hyped but clearly substantive cousin of the utility token. Pomp details why security tokens are evolutionary versus revolutionary, with respect to the use of technology. He goes on to break down the process of tokenizing the equity of ANEXIO, an Inc 500 company that provides large scale IT infrastructure as a service, from paper to digital shares and beyond. Pomp discusses they key components for successfully digitizing ownership of assets, and dives into the perception versus reality of whether there's a "utility token bubble," explaining why bubbles can be a net positive for any emerging market.   The conversation delves into the evolution of digital audio files, in an attempt to frame the evolution of digital securities. Pomp also delivers recommendations and advice for the SEC with respect to creating a framework for regulation of security tokens.