#1486 Anthony & John Pompliano | BlackRock & Metaplanet Buying Bitcoin

— MetaPlanet continues acquiring Bitcoin through strategic capital raises and debt issuance, recently adding $26 million in new funds and earning inclusion in Japan's MSCI index, which provides passive flows and legitimacy.

— Bitcoin treasury strategies work because companies maintain accretive Bitcoin yields—adding Bitcoin faster than equity dilution, creating stock premiums that collapse if acquisitions stop.

— Goldman Sachs and other Wall Street institutions now hold significant Bitcoin through ETFs and custody operations; different internal teams pursue crypto exposure independently based on profit incentives.

— Robinhood's crypto trading fees surged 500% to $358 million in Q4, driven by the rise of self-directed investors who bypass traditional intermediaries and execute trades directly via retail platforms.

— Reciprocal tariffs would mirror other countries' tariff rates on U.S. goods back onto their imports, evening the playing field rather than the current U.S. punitive tariff system.

— The most important factor for Bitcoin's 2025 price trajectory is whether the U.S. government officially adopts Bitcoin as a reserve asset, which would unlock massive new institutional demand.

— MetaPlanet stock was the single best performing public equity globally in the past 12 months, up approximately 3,200%, demonstrating the power of the Bitcoin treasury strategy.

— Goldman Sachs holds approximately $2 billion in crypto assets, including $1.6 billion in Bitcoin (roughly $1.3 billion in BlackRock's ETF and $300 million in Fidelity's ETF).

— Bitcoin's compound annual growth rate has slowed from over 100% to approximately 60% year-over-year, consistent with the law of large numbers as market cap increases.

— U.S. inflation officially reported at 3% (versus the Fed's 2% target), while money supply increased 5% over the past 12 months, suggesting real inflation may exceed official metrics.

— January 2025 inflation data shows sustained price pressures despite Federal Reserve efforts to contain it.

— Bitcoin holders should prioritize not selling to minimize tax liability, but those needing liquidity should use tax-loss harvesting strategies and explore tax-advantaged accounts like Bitcoin IRAs to defer capital gains.

— Investors can gain Bitcoin exposure through multiple vehicles—direct ownership for sovereignty, ETFs for ease and institutional access, or corporate equity (MetaPlanet, MicroStrategy) for leverage and volatility—each suited to different risk profiles and goals.

— Monitor U.S. government Bitcoin adoption announcements closely, as official reserve asset status would likely accelerate a new bull cycle; reciprocal tariffs are likely to persist and may create inflationary pressures in select sectors, making Bitcoin's inflation-hedging properties more valuable.