A well-known bitcoin supporter and founder of Morgan Creek, Anthony Pompliano, said that bitcoin is not an investment, but a peaceful protest against the system that can change the world.
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it addresses all users. According to him, they can be divided into two types: some act as mercenaries, and others – as missionaries. Pompliano describes both categories.
When it comes to ideological support for the mass distribution of cryptocurrencies, Pompliano quotes the famous venture capitalist John Doerr, who headed Kleiner Perkins Caufield & Byers: “we need missionaries, not mercenaries.”
According to Pompliano, each type of user works in its own ecosystem. For example, wall street is an environment where there are a lot of ruthless mercenaries. They are only aimed at making a profit.
Over the past ten years, there have been a large number of missionaries in the bitcoin ecosystem who have gone beyond making a profit and believed in the very ideology of the first cryptocurrency – a peaceful financial revolution.
People who hold such views are not interested in current quotes, they do not need to evaluate bitcoin in dollar terms. These people remain holders regardless of price fluctuations.
Pompliano’s statement is comparable to the phenomenon that he recently drew attention to
attention analyst @Rhythmtrader:
“11,580,000 BTC have not left their wallets over the past year. Even at the time of the 85% increase in prices, they were not sold. These are real holders who adhere to their own strategy.”
And while this may seem crazy, this is how Pompliano thinks:
“For missionaries, this is not an investment, it is a protest. Peaceful protest against the current financial system. Bitcoin is a revolution that will eventually change the world in ways that most people can’t even imagine. If all goes well, bitcoin will be associated with a new era in which there is a clear separation of state and money, where people will trust transparent programmable systems.”