Pompliano Labelled ‘Crazy’ For His 50% Market Exposure to Bitcoin

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Morgan Creek Digital co-founder Anthony Pompliano received a verbal beating for disclosing that 50% of his portfolio is in Bitcoin. Question is…is his lack of diversification a bad thing? Is Pomp Crazy? Earlier this week, Anthony Pompliano participated in a CNBC Squawk Box panel which discussed macro-economics and its impact on Bitcoin price action. One panelist asked Pompliano what percentage of his net worth was invested in Bitcoin and Pompliano resolutely said 50%. Panelist Kevin Oleary, a well-known Canadian businessman, swiftly pounced on Pomp and administered a verbal beating, along with a quick lesson in the economics of investing. O’Leary said: That’s crazy, I forbid that, that’s insane, that breaches everything about diversification investing!” O’Leary then rattled off a list of top-10 altcoins, pointing out their significant losses since 2017, then asked Pompliano, “If this is really such a great idea, when is there only one Vegas game working?” Pompliano…

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