Anthony Pompliano Says Companies Holding Bitcoin Are Making A Bet Against ‘Dollar’s Ability To Store Value’

Entrepreneur and investor Anthony Pompliano ignited a discussion Monday on the potential of Bitcoin (CRYPTO: BTC) as a corporate reserve asset, deeming it the “contrarian” bet against the weakening U.S. dollar.

What Happened: During an interview with CNBC, Pompliano said that there should be “way more pressure” on the public companies that are leaving a large portion of shareholders’ economic value in dollars.

Pompliano said that the dollar has lost 30% of its purchasing power over the last five years. This was closer to the Bureau of Labor Statistics consumer price index, which estimated that today’s prices are 25% higher than the average prices in June 2020.

“It goes back to the fact that if you are running a company and you have shareholders, and your job is to protect the economic value of that business, are you better off holding dollars for the next ten years or putting it in Bitcoin?” he added.