Anthony Pompliano is a popular figure known across the entire ecosystem. He serves as a co-founder and partner at Morgan Creek Digital. Alongside Mark Yusko, “Pomp” is an emboldened supporter of bitcoin. He recently penned an article which details interesting developments that have been occurring in Asia i.e. in China [Hong Kong] and India. ATMs are running out of funds, and restrictions imposed on the PMC Bank in India has left thousands stranded.
Bitcoin is different things to different people.
When you’re worried about your assets being seized or becoming inaccessible to you, Bitcoin’s non-seizability becomes very attractive.
This aspect of Bitcoin just became important for 1+ billion people in India & Hong Kong. pic.twitter.com/nLLaUlRpBz
— Pomp 🌪 (@APompliano) October 6, 2019
While many people may share a differing view, Bitcoin is slowly starting to become a mainstream entity. This is because many in Latin America and Europe are choosing cryptocurrencies over traditional fiat-based assets so as to have complete authority over one’s own funds.
Bitcoin is the top-ranked asset in the market with a dominance rate of 66.6% linked to it. The price climbed at a rate of 4.43% in the course of the past 24-hours. This brought BTC all the way up to $8300.53 where it presently rests. The trading volume recorded stands at roughly $18.097 billion, whereas the supply has 17,979,837 BTC coins in play as of this very moment. The total market cap of Bitcoin amounts to $149.242 billion.
A$AP Rocky is bullish on #Bitcoin
He shouts out Bitcoin on his upcoming song Ringin’ featuring Offset pic.twitter.com/617gWgrsyP
— Coinsnobiety (@Coinsnobiety) October 7, 2019
A$AP Rocky is a hip-hop artist who is a recognizable personality in the field of music. Tyler The Creator is one of his closes buddies. It seems that he has decided to choose HODLing Bitcoin in order to prepare for an unforeseen scenario. Several rappers have had to declare bankruptcy in the past due to poor financial planning so this is quite a smart move undertaken by A$AP.