Tesla Automation Will Be a Stablecoin Catalyst: Anthony Pompliano

According to Anthony Pompliano's latest Substack article, Tesla's (TSLA) latest creations – a driverless cybercab, a Robovan, and even its humanoid robot Optimus – could make the case for wider adoption of stablecoins. Tesla CEO Elon Musk unveiled these new products at the electric vehicle maker's Robotaxi Day event last Thursday.

Pompliano, the founder and CEO of Professional Capital Management, joins Seana Smith and Brad Smith to explain why this is the next step in the “age of automation” that could “herald a new era for money,” where the stablecoin comes from. Pompliano compares the use of autonomous vehicles and robots to the idea of ​​the EZ Pass for cars, in which a stablecoin would enable easier transactions on behalf of the owner.

“Many people have pointed out in the past that Bitcoin (BTC-USD) is one of these potential currencies. But I don’t think people or machines want to spend their Bitcoins,” Pompliano tells Yahoo Finance . “If Bitcoin becomes more valuable in the future, they will want to save it. It's like a savings account. Instead, they want to use their checking account, which are digital stablecoins.”

Adding to this sentiment, Pompliano remains bullish on automation and crypto, calling the integration of the two a “multi-year trend.”

“When you have such secular tailwinds and these technologies are obviously going to become more prevalent, there are going to be companies in every sector that are not working,” Pompliano says. “You can actually buy, be right about the industry and be wrong about the company. That’s why you have to be careful about which individual companies or individual cryptocurrencies you actually invest your capital in.”

He further comments on how central banks appear to be listening and responding to calls for stablecoin adoption.

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This post was written by Luke Carberry Mogan.