What would nearly free energy do to the price of bitcoin?

I’ve heard the Michael Saylor’s of the world compare bitcoin to energy and that it can be thought of as stored energy in a financial sense.

Let’s say energy becomes close to free and mining can more efficiently scale operations, does that increase the value of bitcoin OR does it drop it to near zero, as it is near free ‘stored energy’? Does this poke a hole in his hypothesis?



Submitted August 09, 2023 at 05:10AM by DerrickRoseTackoFell https://ift.tt/N4z1Bik

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