Why Pomp Thinks You Should ‘Long Bitcoin, Short the Bankers’

Why Pomp Thinks You Should Long Bitcoin, Short the Bankers' 101

‘Long Bitcoin, Short the Bankers.’ Coined by Anthony ‘Pomp’ Pompliano, co-founder and partner at Morgan Creek Digital, a digital asset management firm, this catchphrase is now being used by the Bitcoin community whenever a bank or banker appears guilty of wrongdoing.

But according to Pompliano himself, the phrase isn’t really about encouraging people to invest in cryptocurrencies rather than stocks. Instead, its main aim is to argue that it’s safer to entrust the world’s money supplies to code than to people (e.g. bankers).

And while this is certainly a controversial view for many people outside the crypto community, many of those within it are in full agreement.

When a meme becomes a philosophy

Anthony Pompliano first uttered “Long Bitcoin, Short the Bankers’ in September, in a tweet that garnered over 1,000 likes.

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