- The co-founder of Morgan Creek Digital, Anthony Pompliano, has listed his top investment picks for the next 18-24 months.
- He rated Bitcoin 11/10, stocks 8/10, oil 5/10 and scored gold only 3/10.
Anthony Pompliano, the co-founder of Morgan Creek Digital, has spoken about his preferred investments over the next 18-24 months. In a recent letter to investors, the Bitcoin bull has said that Bitcoin (BTC) is his number one pick. He believes it will surge in the aftermath of the coronavirus pandemic, scoring it 11/10. He pointed out to Bitcoin’s halving as a stark contrast to surged money printing and quantitative easing from governments around the world.
You have a positive demand shock happening at almost the exact same time that you have a negative supply shock. This is going to be rocket fuel for the decentralized digital currency.
According to Pompliano, the second-best investment is equities rating stocks 8/10:
The big risk here is that these companies could go bankrupt because most of their revenue has evaporated. I am not a believer that this will happen. Instead, it is more likely that we will see significant consolidation in sectors overlaid with government assistance to prevent the destruction of entire industries.
Pompliano then ranked oil 5/10 and noted that he finds the commodity to be too risky, especially when compared to other emerging opportunities. Lastly, he rated gold only 3/10 since he isn’t sure if there is enough upside to investing in it.
I could see gold outperforming current expectations and easily eclipsing $2,000. I don’t think we see it move over $2,500 in the next 24 months though. This means that an investor would be looking at 35% to 65% return over the next 24 months. Most investors would salivate over these types of returns in normal times, but this will likely be underperformance compared to other assets during the same time period upcoming.