Anthony Pompliano

Play the ball.

Play the argument that he's making.

And he says Bitcoin's going to zero because of an energy argument.

Well, Professor Keene, although I might like you, there's no low energy country that is considered a wealthy nation on the entire earth.

If you are a wealthy nation, you need to consume energy.

And so guess what?

Bitcoin is valuable because it consumes energy.

It may be counterintuitive to the academic world, but consuming energy actually means that there is value.

Consuming energy is not a negative thing.

It's a positive thing.

Same way that a wealthy nation consumes energy, an asset that consumes energy.

And one of the ways that I've grown to talk about this is when somebody says to me, what's Bitcoin backed by?

And they think they get like, I got a gotcha question or something.

Like I'm gonna have to say, oh, you got me, it's hot air.

No, when somebody asks me what Bitcoin is backed by, what do I say?

Very simple.

Bitcoin is backed by the most valuable commodity in the world.

And they kind of scratch their head, they cock their little eye and they say, you know, what do you mean by that?

Well, right now, what is one of the most scarce assets in the world?

Computational power.