Blake King (Galaxy Digital) on Mining, Transmission, and Curtailment (EP.362)
On The Brink with Castle Island
Is the Price at 9000 a Scarcity Event?
There's tons of nuance here, one of which is that or caught artificially kept to the price at a max. So in Urquot's perspective, the price at 9000 was necessary as a price signal to new generation and so on. But there's also a portion of this, which is like prices can be too high, right? Like it's good to make money as a business model, but maybe not if there's people that don't necessarily understand the logic behind your business model showing up with pitchforks.
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