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Pomp and Kling team up and seek to strengthen crypto
By and large, 2018 has not been tender with cryptographic startups. More modest and little-known exchanges have completely halted their activities, while some recognizable names in this nascent industry have fired dozens, if not hundreds, of their talents. As reported by Ethereum World News, Bithumb recently joined the list of major industry players having laid off employees (50% – 160), citing the slowdown in Bitcoin trading activity.
But over the past 12 months, two personalities in this space have excelled, dedicating themselves in an interesting and effective manner to the little space they have. These companies are known as Morgan Creek Digital (MCD) and Ikigai Asset Management. These are two funds based in the United States based on cryptocurrency and focused on strengthening adoption and viable applications.
Curiously, the MCD and Ikigai decided to join the hand Wednesday, issuing a press release revealing that they had officially joined.
Morgan Creek's digital badet arm, led by partners Mark Yusko, Anthony "Pomp" Pompliano and Jason A Williams, will anchor Ikigai's cryptocurrency hedge fund, which will engage in medium-sized equity strategies. and long-term and in companies with high potential. The nominal value of this sum has not been disclosed.
In a comment, the commentator of the Pomp industry, which has gathered nearly two hundred thousand people on Twitter, mainly thanks to its slogan: "Long Bitcoin, run the bankers," greeted Ikigai. He expressed his love to the Los Angeles-based company by stating:
Ikigai has built an impressive platform to understand the evolution of cryptographic badets and invest in them.
The former Facebook member, Pompliano, then evoked his idea that crypto-currencies would constitute the best-performing asymmetric badet clbad of the next decade, adding that Ikigai should be able to "position well to exploit" this upside potential.
Morgan Creek's decision to invest in an industrial partner comes after the former secured a $ 40 million grant from two Virginian pension funds, an endowment fund and other institutions to invest in companies such as than Bakkt, Coinbase and Harbor.
Bitcoin to dislodge Fiat?
So, why are MCD and Ikigai shaking hands? Well, the simple answer is that the founders and leaders of both companies are in favor of the theory that BTC and other cryptocurrencies are a viable alternative to fiat, which they consider obsolete and potentially ponzi-esque. .
In a recent tweet, Kling pointed out that when "books are written on crypto" in the future, when bitcoin is valued at billions of dollars, the dovish nature of the Federal Reserve will be a "big part of 'history".
I will not stop hitting this drum.
When the books are written on cryptographic years from now on, when the badet clbad is valued at $ tn, this Fed's decision and other similar initiatives of central banks on the scale World will be a big part of history. Https: //t.co/8Mp05FpRJu
– Travis Kling (@Travis_Kling) March 20, 2019
The anti-establishment figure touches on its long-standing thinking process that quantitative easing – "the most ambitious monetary experience of all time" – will be what kills macroeconomics.
In an independent newsletter, published on Off The Chain, Pompliano echoed this thought process according to which the money issued by the government was not viable. He quotes a tweet from the European Central Bank (ECB), in which one of the basements of the entity openly indicates that its controllers have the ability to print money. Although Pomp acknowledges that this is well known, he explained that the propensity of the EU tax authority to publicize this questioned the intentions of the ECB.
Photo of Pepi Stojanovski on Unsplash
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