This post originally appeared in Off The Chain, the daily newsletter that I send to institutional investors analyzing the crypto markets. You can click here to subscribe and receive it in your inbox every morning.
Every pension fund should buy Bitcoin.
The retirement of hundreds of millions of corporate and government employees around the world depends on these pension funds’ ability to pay the individual a set amount of money post-retirement. Unfortunately, many pension funds are facing a significant crisis — it does not look like they will be able to pay their future obligations.
The difference between the obligations and the resources allocated to pay them is actually widening. This is driven by a decreasing worker to retiree ratio. Workers pay into the pension fund (think of this as revenue for the pension fund) under the promise that the fund managers will grow the capital and be able to pay the employee’s pension post-retirement. Once an employee retires, they begin to draw their pension (think of this as expenses for the pension fund) and will continue to do so until they die. …
The following is a transcript of a conversation between Anthony Pompliano and Murad Mahmudov, one of the highest conviction Bitcoin Maximalists in the world, about what Bitcoin is, how it works, the importance of its deflationary monetary system, why all Fiat Currencies are doomed to fail, and how central banks and institutions should be thinking about Bitcoin.
You can find the recording here: Off The Chain Podcast: Anthony Pompliano and Murad Mahmudov
Anthony Pompliano: All right, guys, I am here with Murad. We are going to do our best to create a podcast episode that becomes the de facto episode you can send to people when they ask “What is BitCoin, and why is it important?” …
The crypto industry is complex. It requires an individual to understand technology, business, economics, law, and politics. Each of these concepts are tough to tackle by themselves, let alone under the context of a global, decentralized, digital world.
Fortunately, we have the internet. There is a seemingly unlimited amount of information available at our finger tips. These sources of information range from professional media outlets to meme-filled subreddits — if you are interested in something, there are people somewhere willing to talk about it.
Unfortunately, there is also a lot of inaccurate information as well. Whether it is a company’s financial performance, the behind the scenes actions of a leadership team, or even quantifiable metrics surrounding the performance of a piece of technology. We all see numbers, unverified reports, and “inside information” flying around the internet. …