Tristan Thompson Bitcoin advice Pomp Podcast
Tristan Thompson tells NBA players calling him about Bitcoin to buy every day and stack their digital gold. He clarifies his position isn't about expecting the dollar to fall, but because he expects the internet to keep winning since it always does. Thompson points out that over the last 14 years Bitcoin has appreciated by over 60% yearly on average, a return no savings account can match. He also notes the Genius Act and Clarity Act could unlock significant capital for crypto if passed. His message to teammates is to load up, ignore price fluctuations, and play the long game so they aren't 70 and hearing their grandchildren say they weren't smart for not buying more Bitcoin when it was at $63,000.
Transcript (en)
And what I always tell people is like, I don't own Bitcoin because I expect the dollar to fall. I own it because I expect internet to keep winning. That's what it is, right? I'm betting on what we're speaking on right now. Internet always wins. And that's why Bitcoin is, right? And like you said, it's become so international. And the beauty is like you said, sports has become such an international, and basketball has been so international now, where we have this platform where, listen, I'm even having teammates call me during this run, And they're like, should I buy some Bitcoin? Should I buy some? I'm like, buy every day, stack it, stack your digital goal. Because listen, the beautiful thing about the Genius Act and if the Clarity Act gets passed, that's going to unlock so much more capital for everything on chain and in crypto. So I tell guys, you don't want to be 70 and have your grandchildren say to you, Papa, you didn't buy more Bitcoin back when it was at 63,000. You are you are not smart, Papa. I don't want to be that guy. I want to be where my Greg is like, Papa, you're so smart. You're the best. You know? And I think that's really what I tell my teammates in that comment. I'm like, load up, guys. Don't worry about the price. Play the long game. At the end of the day, Bitcoin has had a better APY than most yields. Definitely better than what the banks give you. I'll tell you that, right? Like Bitcoin, if you look through a yearly in the last 14 years, it's appreciated by over 60%. 50%. Name a savings account that does that. You can't find it. So like, that's why I'm super bullish on it.
