Thread by @mwill_crypto

0/ 🗣️ Snippets from today's conversation on @CNBCTheExchange between host @JoeSquawk and Morgan Creek Digital co-founder and partner @APompliano.

1/ 🔟 @APompliano: "In less than a decade, there's a decentralized digital currency that went from the fringes of the Internet to now being discussed at the G7 and other regulatory offices."

2/ 🔮 @APompliano: "I think we're at a tipping point now where Bitcoin is here to stay and #bitcoin is going to end up being in every institutional investor's portfolio at some point in the future."

3a/ 🤔 @JoeSquawk: "If it's so well known that that's (i.e., $55,000) where the price should be at the next halving, why isn't it close to that price?"

3b/ 🙇🏻‍♂️ @APompliano: "I think there are three components to this. One, regulation could definitely hurt in the short term, it scares people away...Two, there's still a lot of people who don't even know what #Bitcoin is. They don't understand how it works...

3c/ 🗺️ ...They don't understand why it's valuable. The number of people who own #bitcoin is still a very small percentage of the world's population. Third, it's still difficult. Even if people say "I wanna buy some bitcoin," they've got to go get a @Coinbase or @Gemini account...

3d/ 💡 ...They've got to do some work to get there. It's not like just calling up your broker and buying a stock. I think that this friction is still keeping people out of the market. Friction is going to go down. People will become aware of it (#Bitcoin)...

3e/ ⏰ ...I think regulation will get worked out. And, ultimately, I think more people will end up getting exposure to this asset. That will be a net benefit to Bitcoin over a long period of time."

4/ 👇 Click below to see more footage from the August 20 interview.

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