CEO claims gold has been 'disastrous investment', says 'It has lost 84% purchasing power'
Anthony Pompliano, investment firm Professional Capital Management's CEO, claimed that gold has been a "disastrous investment" since 2020. "It has lost 84% of its purchasing power compared to a finite sound money asset like Bitcoin. Bitcoin is the hurdle rate," Pompliano said. "I'm not a gold hater...But gold has drastically underperformed bitcoin over time," he added.