Anthony Pompliano Net Worth, Bio, Wiki-Style Breakdown

Anthony "Pomp" Pompliano net worth, background, bio.
Courtesy of @PompGlobal on Facebook.

 

Who Is Anthony Pompliano?

Anthony “Pomp” Pompliano is an American investor, entrepreneur, and a renowned advocate of cryptocurrencies (most prominently, Bitcoin).

Among other things, Pompliano has invested over $100 million in early-stage technology companies, ran growth teams at Snapchat and Facebook, and co-founded investment firms Full Tilt Capital and Morgan Creek Digital Assets.

Anthony Pompliano Bio, Background, And Business Activity

A stylized image from Pomp Podcast.
Courtesy of anthonypompliano.com.

 

Anthony Pompliano graduated from Bucknell University with a Bachelor of Arts, Double Major in Economics and Sociology.

From March 2006 to August 2012, Pompliano served in the United States Army and participated in Operation Iraqi Freedom from 2008 to 2009. During his service, Pompliano became the Distinguished Leader Graduate of the Warrior Leader Course and a Commandant’s List Graduate of Infantry Leadership School.

From February 2014 to September 2015, Pompliano worked as a Product Manager at Facebook. He led the Growth Team for Facebook Pages and helped launch a number of services, including Voter Registration and AMBER Alerts. He also advised the executive team on their social strategy.

 

Establishment of Full Tilt Capital and Morgan Creek Digital Assets

Description of Morgan Creek DIgital Assets from its website.
Screenshot from digitalassetindexfund.com, a Morgan Creek-Bitwise investment vehicle for institutional investors.

 

In July 2016, Pompliano and Jason Williams co-founded Full Tilt Capital to build the best early-stage fund in the world’, according to Business Insider. Within 90 days, the company completed 22 deals – an unusually fast pace for venture capital investing.

Business Insider writes that Full Tilt’s average investment as of November 2016 was $100,000 per company. By that time, Investments had gone in startups ranging from the market intelligence app Apptopia to bus chartering platforms like Skedaddle.

According to Pompliano’s LinkedIn profile, Full Tilt Capital investments also include Reddit, Lyft, Brigit, Everlywell, and Imperfect Produce.

In January 2018, Full Tilt announced that it would dedicate its next fund entirely to cryptocurrency businesses. Two months later, Full Tilt Capital was acquired by Morgan Creek Capital Management, a hedge fund with more than $1 billion in managed assets at the time.

In April 2018, Pompliano became co-founder and partner of Morgan Creek Digital Assets – a multi-strategy investment firm focused on providing institutional clients and wealthy family offices with access to blockchain technology and digital assets. Morgan Creek Digital Assets is backed by Morgan Creek Capital Management, and the investment vehicle is done in concert with Bitwise. You can learn more about it at digitalassetindexfund.com.

 

 

Pompliano’s investing activity and Bitcoin advocacy

A photo of a coin with the Bitcoin sign.
Courtesy of Pexels.

 

Pompliano is actively engaged in investing within the cryptocurrency space. According to his personal website, he “started to invest more seriously in 2015”.  His LinkedIn page also reads:

 

I have invested over $100 million in early stage technology companies, including multiple seed investments that are now valued at over $1 billion.

 

On June 24, 2019, Pompliano predicted that Bitcoin would likely hit $100,000 by December 31, 2021. As a point of reference, Pompliano recalled that Bitcoin cost $6,770 on August 24, 2018.

In July 2020, Pompliano convinced comedian Bill Burr to buy Bitcoin. In a July 1 episode of the Bill Bert Podcast, Pompliano discussed the “fundamentals of currency, bank fugazi, and Bitcoin” with Bill Burr and his co-host Bert Kreischer.

Pompliano shared his opinion as to the reason for the popularity and future of bitcoin.

 

The reason people are so excited about bitcoin is that no one can print it. No one has control over it.

At some point the U.S. dollar isn’t going to be the world’s reserve currency. I believe that at some point, whether it’s in 10, 20, or 50 years’ time, bitcoin will be the world’s reserve currency.

 

Pompliano argued that all previous world reserve currencies had collapsed eventually.

He also said that banks are unable to provide more than $250,000 in protection from the Federal Deposit Insurance Corporation for some accounts. With a net worth of roughly $12 million, Burr would risk losing a considerable amount of his wealth in the event of a bank’s closure. He remarked:

 

You create this whole f—-ing bubble and when the whole thing goes to s— you still get a f—ing bonus and you’re only gonna give me 250 off my million bucks? How is that f—ing legal? I’m getting Bitcoin! f— this s—…

 

In August 2020, BlockFi – a crypto asset service provider – raised $50 million in a Series C funding round led by Morgan Creek Capital. Subsequently, Pompliano joined BlockFi’s board of directors.

In January 2021, in an interview with Stansberry Research, Pompliano outlined how Bitcoin could eventually reach $1 million.

 

When we look out over a very, very long time horizon. So if you give me the benefit of the doubt and say, ‘Hey don’t put a time prediction on it just tell me where the value of this thing goes,’ I absolutely think at some point in my lifetime we’ll see a $1 million Bitcoin price.

But I don’t know if that necessarily has more to do with Bitcoin value accrual as much as the devaluation of the dollar over a long period of time – everything goes up in dollar prices from real estate, stocks, precious metals etcetera.

 

At the same time, he pointed out that Bitcoin has “tons and tons of volatility” that “scares a lot of people”. He added that investors need to be ready for this volatility if they want to benefit from Bitcoin’s potential ascent.

Pompliano actively advocates Bitcoin on Twitter as well. In a February 13, 2021, tweet, he said:

 

Joe Biden stop playing around and put Bitcoin in the Treasury!!

 

A day earlier, Pompliano announced that Jay-Z and Jack Dorsey would be donating 500 Bitcoin to create ₿trust to fund Bitcoin development, with an initial focus on teams in Africa and India. “Two GOATs doing GOAT things,” he remarked.

 

Pompliano has also commented on the long-term potential of Bitcoin as follows:

 

The Bitcoin and crypto industry is the most asymmetric investment opportunity in any market.

It either disrupts and rebuilds the entire system or it is worthless.

I like our chances.

 

Pompliano has also done several noted interviews with macro investing legend Raoul Pal, in which the two discuss their mutual bullishness on crypto and specifically Bitcoin.

In the videos Pompliano claims he is not necessarily a “Bitcoin Maximalist“, but does believe it represents the forward-facing peak of the crypto market, will continue to gain market cap relative to gold and fiat currency, and could even become a reserve-currency eventually.

Here are two of his interviews with Raoul Pal:

 

Anthony Pompliano Net Worth

Headline of a Bitcoinist article about Anthony Pompliano's Bitcoin portfolio.
Courtesy of Bitcoinist.

 

As with many YouTubers, a common search online is “Anthony Pompliano Net Worth”. However, no precise information about Anthony Pompliano’s net worth appears to exist online as of this writing.

In 2020, however, he said in a podcast that 80% of his wealth is concentrated in Bitcoin. The other 20% were distributed between estate, cash, and early-stage companies.

About a year earlier, he said that about 50% of his wealth was invested in crypto.

 

Anthony Pompliano Online Presence And Publicity

Anthony Pompliano is active on social media and has presence on:

Pompliano also has a podcast – called the Pomp Podcast – where he is often joined by other entrepreneurs to discuss investment opportunities or the future of finance, among other topics. The podcast is available on iTunes, Spotify, YouTube, and YouTube Music.

Pompliano runs the Pomp Letter newsletter as well. According to Pompliano’s personal website, he writes to over 45,000 investors on a daily basis. The topics in the newsletter span business, technology, finance, and Bitcoin.

The Pomp Letter sign-up form.
Courtesy of anthonypompliano.com.

 

Conclusion

To find out more about Anthony “Pomp” Pompliano’s business activities, you may visit his personal website and have a look at his newsletter or podcast. LinkedIn additionally contains general biographic info about Pompliano.

 

 

 

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