Anthony Pompliano, Co-Founder of digital nugget management company Morgan Creek Digital, said his view of Bitcoin (BTC) as a global hedge has solidified over time.

"I retrieve it'south always been part of the conversation," Pompliano told Cointelegraph in a Jan. 30 interview on his notion of Bitcoin equally a traditional market hedge over the years.

The expert expressed a growing assurance in this concept of Bitcoin every bit a global hedge every bit supporting prove continues to nowadays itself. "The more than data y'all get, the more that you lot can believe something," he added.

Bitcoin acts differently from traditional assets

In past years, Pompliano has gone on the tape multiple times with the view that Bitcoin is a not-correlated asset — meaning the nugget does not necessarily rise and fall with the rest of the traditional market place.

The Morgan Creek co-founder expressed this sentiment to CNBC in an August 2019 interview, every bit Bitcoin rose in price amid a period of economic dubiety.

Pompliano'southward view hasn't changed

Every bit the crypto space matures, its related trends and marketplace behaviors also change. Pompliano, however, has not changed his opinion on Bitcoin as a non-correlated asset. "I don't think that my opinion has changed at all," Pompliano said, adding:

"The nigh important role of Bitcoin, when it comes to the global hedge, is the fact that it's a non-correlated asset — significant that, as stocks go up or down, Bitcoin doesn't have correlation to that."

Mentioning May 2019 as an example, Pompliano said Bitcoin's price fifty-fifty moved in the reverse direction of the traditional market's S&P 500 alphabetize, likewise as gold, amid trade wars and other worldwide market place instability. Pompliano called this a negative-correlation for Bitcoin.

"When you look at that correlation, that becomes actually of import equally that kind of global hedge of instability," he explained. "Information technology'southward a fashion for investors to diversify their wealth and add a layer of protection that, without Bitcoin, they don't go elsewhere."

Bitcoin reportedly accounts for 50% of Pompliano'due south upper-case letter, according to an interview with Cointelegraph in July 2019.