Morgan Creek co-founder and noted Bitcoin (BTC) evangelist, Anthony Pompliano, has made a tweet that sums up the explosion of interest and possibility of Bitcoin and the crypto market, saying that “the new financial system is creating generational wealth for many people.”
Amazon went public 22 years ago today. A $1k investment would be worth $1.2M today.
Bitcoin is only 10 years old. A $1k investment would be worth $2.6 BILLION today.
The new financial system is creating generational wealth for many people. 🔥
— Pomp 🌪 (@APompliano) May 15, 2019
“Pomp”, as he is often called, notes how a $1k investment in bitcoin 10 years would be worth $2.6 billion today. He has also said that crypto would outperform the S&P500, and his firm has made a bet to that end, called “Buffett Bet 2.0.”
Financial inequity has made it difficult for certain strata of the society to move upwards, and one Twitter user accurately describes how Bitcoin could change that,
Generational wealth for our children is the greatest motivator. May they be able to follow their passions without the shackles of financial stress!
— Wealth Theory ™ (@Wealth_Theory) May 15, 2019
Bitcoin has generated tremendous wealth for the average investor, and it is often said that the currency holds excellent potential in redistributing wealth.
