Elon Musk – the man who stole almost every Bitcoiner’s sleep and peace of mind failed to impress a few level headed investors.

Anthony Pompliano expressed, “The best investors I know actively ignore what everyone else is doing. Independent thinking is a requirement for outsized returns.”

Pompliano pointed to how the crypto industry is pure chaos right now. “Elon can’t make up his mind. Saylor is gobbling up Bitcoin.  Coinbase is listing Doge.  Every shitcoin is pumping.  The Mainstream media confused.  Central banks are printing non-stop.  Institutions are pouring cash in.”

Worth looking in to what Michael Saylor have to say:  “Bitcoin Mining serves as the foundation of the monetary network – critical to its growth, stability, longevity, vitality, & integrity. The Proof of Work architecture is a masterpiece of engineering that anchors the system to the real world, providing Seven Layers of Security.

Energy: Miners can monetize any form of energy, anywhere on earth, in any quantity, at any time, at the highest price. Firms compete globally to sell energy to the network, which is the largest wholesale customer, providing Bitcoin with a low-cost energy advantage vs. competitors.

Technology: Firms compete globally to develop & sell energy efficient PoW hardware to Miners, who need to continually upgrade equipment to stay competitive, and this creates massive barriers to entry & exit, stabilizing the network while bringing Darwinian discipline & vitality.

Political: Officials at the municipal, state, & federal level compete globally to attract Miners to their jurisdictions to create jobs, tax revenues, capital investment, & energy demand. Bitcoin

Miners represent the ultimate clean, high-tech exporter generating hard currency.

Financial: Miners are capital intensive and represent an attractive investment opportunity for traditional debt & equity investors. These investors & their bankers are thus recruited as powerful political & financial allies, becoming net purchasers of & BTC derivatives.

Mining: As Miners mature operationally & emerge public, they become powerful advocates for the network, as well as buyers & holders of BTC, driving S2F negative, with world-class financial, legal, political, & technical capabilities as well as strong vested interests to defend.

Spatial: Energy, technology, political, financial, & mining competition drive geographic decentralization of the mining network. Security is never co-located with the asset & has no nexus, neutralizing physical, institutional, & regulatory attacks – making Bitcoin fault tolerant.

Temporal: To attack the network an entity needs to marshal massive energy, technology, financial, political, & mining resources over the course of 2-4 years. This makes any attack very difficult, expensive, slow, hard to conceal, unlikely to succeed, & allows time to react.

Summary: The Bitcoin Proof of Work architecture anchors the crypto-asset network physically & politically to the firmament of reality, driving ferocious competition in the marketplace to decentralize, improve, & secure the network, thus assuring vitality & integrity over time.”