The Pomp Letter

If you are not a subscriber of The Pomp Letter, join 215,000 other investors who read my personal opinion on finance, technology, and bitcoin each morning. To investors, There has been significant scrutiny of the US monetary and fiscal policy decisions over the last decade. The proponents believe that the various activities have helped mitigate severe short-term pain during the Global Financial Cr...

If you are not a subscriber of The Pomp Letter, join 215,000 other investors who read my personal opinion on finance, technology, and bitcoin each morning. To investors, People around the world are watching in awe as the world’s richest man, Elon Musk, engages in a hostile takeover attempt of Twitter. While the mainstream media is distracted by the business details and day-to-day drama, there is s...

If you are not a subscriber of The Pomp Letter, join 215,000 other investors who read my personal opinion on finance, technology, and bitcoin each morning. To investors, We have been discussing the financial situation in Lebanon for the last two years. It started with the street protests in April 2020 , continued with more severe social unrest as their currency devalued in June 2021 , and finally...

If you are not a subscriber of The Pomp Letter, join 215,000 other investors who read my personal opinion on finance, technology, and bitcoin each morning. To investors, Inflation was reported at 8.5% this morning, which is the highest inflation reading in 40 years. Core inflation was also high at 6.5%. These are obviously astronomical numbers and highlight a dire financial situation for hundreds...

If you are not a subscriber of The Pomp Letter, join 215,000 other investors who read my personal opinion on finance, technology, and bitcoin each morning. To investors, Jack Mallers, the founder and CEO of Strike, gave an inspiring presentation at the Bitcoin Conference yesterday. After walking through the lack of innovation in payment technologies over the last 60 years, he announced that the bu...

If you are not a subscriber of The Pomp Letter, join 215,000 other investors who read my personal opinion on finance, technology, and bitcoin each morning. To investors, There was a new ESG campaign launched earlier this week called “Change the Code, Not the Climate.” The goal was to bring awareness to bitcoin’s proof-of-work consensus mechanism, along with a perceived negative environmental impac...

If you are not a subscriber of The Pomp Letter, join 215,000 other investors who read my personal opinion on finance, technology, and bitcoin each morning. To investors, It is usually very difficult to predict why and when bitcoin’s price may move up or down. With the benefit of hindsight, this analysis becomes much easier. A great example is the bitcoin move from $10,000 to $64,000 during Septemb...

If you are not a subscriber of The Pomp Letter, join 215,000 other investors who read my personal opinion on finance, technology, and bitcoin each morning. To investors, There are various schools of thought in business, finance, and politics. Some people believe in free markets as a self-correcting mechanism, while others believe that market intervention is a better pursuit. Each of these ideas ca...

If you are not a subscriber of The Pomp Letter, join 215,000 other investors who read my personal opinion on finance, technology, and bitcoin each morning. To investors, Algorithmic stablecoins elicit intellectual curiosity from people across disciplines. Whether you are coming from the technology industry, finance, or academia, creating a digital currency that holds stable value without being peg...

If you are not a subscriber of The Pomp Letter, join 215,000 other investors who read my personal opinion on finance, technology, and bitcoin each morning. To investors, Culture is a hard thing to describe. Most people know it when they see it though. Culture influences what we think and how we act. Some aspects are derived from hundreds of years of history, while other aspects are created by athl...

If you are not a subscriber of The Pomp Letter, join 215,000 other investors who read my personal opinion on finance, technology, and bitcoin each morning. To investors, Inflation was officially reported at 7.9% this morning, which is the highest inflation that the United States has experienced in more than 40 years. Core inflation, which excludes food and energy, is up 6.4% over the last 12 month...

If you are not a subscriber of The Pomp Letter, join 215,000 other investors who read my personal opinion on finance, technology, and bitcoin each morning. To investors, The geopolitical chess game continues to evolve at an incredible rate. Over the last 24 hours, reports are surfacing that the United States is looking to ban imports of Russian oil and various options are being evaluated in an att...

If you are not a subscriber of The Pomp Letter, join 215,000 other investors who read my personal opinion on finance, technology, and bitcoin each morning. To investors, Russia’s invasion of Ukraine has led to a flurry of financial sanctions from the United States and their allies over the last week. These actions include cutting Russian banks off from SWIFT, seizing the assets of various Russian...

To investors, The Russia-Ukraine conflict continued to increase in intensity over the weekend. While the violent combat has been playing out on the ground, the United States and their allies have been busy waging economic war against Vladimir Putin and Russia. There were a few key decisions made in the last 72 hours that got me thinking — we are watching a repeat of the conundrum that the Federal...

If you are not a subscriber of The Pomp Letter, join 215,000 other investors who read my personal opinion on finance, technology, and bitcoin each morning. To investors, Russia invaded Ukraine last night. This conflict carries complexity across geopolitics, national security, and financial markets. It would be impossible for any one person to unpack the nuanced situation, and the subsequent ramifi...

To investors, The invention of blockchain technology solved a decades-long computer science problem and unleashed a monetary revolution in the form of bitcoin. This decentralized, digital currency has taken the world by storm. It has been adopted by hundreds of millions of people globally and is worth approximately $1 trillion in market cap based on daily fluctuations in US dollar price. Not bad f...

To investors, The situation in Canada has received international attention across the internet. People are wondering how a liberal, democratic country could descend into authoritarian chaos so quickly. Disagreeing with subsets of your population, or opposite sides of the political debate, are an expected component of democratic societies, but the shocking aspect is how the Canadian government has...

To investors, BlockFi, a leading crypto lending company, announced yesterday that they have reached a resolution with the SEC pertaining to the regulatory scrutiny that they have faced over the last 8 months. As many of you know, I am a large investor in the business, but today’s letter is only my personal opinion. I do not speak for the company and nothing below should be attributed to BlockFi or...

To investors, It was reported late last week that the United States would be confiscating billions of dollars from the central bank reserves of Afghanistan. This seemed a little weird at first, but I didn’t want to jump to conclusions since governments are always doing counter-intuitive or seemingly insane things. After digging into the story, it appears that this is a highly unusual decision that...

To investors, There have been a plethora of rumors about bitcoin and cryptocurrencies in Russia over the last few months. The country sits in a unique geopolitical position — they are frienemies of the United States and have a deepening relationship with China, another frienemy of the western superpower. As a refresher, the mainstream media has been pushing the narrative of a pending Russian invas...

To investors, News broke yesterday that the tax treatment of staking protocols, and the subsequent tokens earned, could be changing in a positive way. I’m not an expert on taxation, nor staking, so I asked one of the groups ( Proof of Stake Alliance ) involved to write up a quick summary on what has happened and the potential implications. Here is their analysis: On December 20th, Josh Jarrett – a...

To investors, The job market in the bitcoin and crypto industry has exploded over the last 12 months. My team and I have built a standalone business that has become the largest employment and training company in the space. I asked Colton Sakamoto, CEO of that business, to put together a report on the trends in 2021. Below is the report. Enjoy! 2021 was an inflection point that accelerated mass ado...

To investors, There has been a rise in interest for audience funded content over the last few years. Some of this has been driven by a decreasing trust in the mainstream media. Some of it has been facilitated by the explosion in tools and services aimed at helping individuals create and distribute content more easily. And some of it is an attempt to create content that is immune from advertiser pr...

To investors, Financial markets can be crazy at times. The complexity of an economy makes it nearly impossible to predict what will happen in the short and long-term. Humans are really bad at dealing with uncertainty, specifically when there is a dopamine-driven feedback loop of volatile price movements thrown in their face every few minutes. Let’s use bitcoin as an example. On at least 6 occasion...

To investors, I was recently listening to a conversation between Joe Rogan and General H.R. McMaster, a retired United States Army lieutenant general who served as the 26th United States National Security Advisor from 2017 to 2018. The discussion was quite wide-ranging, but a specific comment from General McMaster caught my attention. About 30 minutes into the conversation, the General was speakin...