Bitcoin News

Story: Michael Saylor and Anthony Pompliano Not Ready to Buy Elon Musk’s Bitcoin (BTC) Story

By Maheen Hernandez

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

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

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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.

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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,…

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Energy: Miners can monetize any form of energy, anywhere on earth, in any quantity, at any time, at the highest price.

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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…

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

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

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Financial: Miners are capital intensive and represent an attractive investment opportunity for traditional debt & equity investors.

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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…

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Spatial: Energy, technology, political, financial, & mining competition drive geographic decentralization of the mining network.

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Temporal: To attack the network an entity needs to marshal massive energy, technology, financial, political, & mining resources over the course of 2-4 years.

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Summary: The Bitcoin Proof of Work architecture anchors the crypto-asset network physically & politically to the firmament of reality, driving ferocious competition in the…

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