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#28 - Brent Whitehead: The Giga Energy Story and Bitcoin as the Ultimate Incentive for Revolutionizing the Energy Industry
Closing the Loop
Bitcoin Is a Very Competitive, Bitcoin Mining Is Extremely Competitive
People that are overlevered or don't have efficient enough operations, all of them eventually through the path of maximum pain become foresellers until Bitcoin finds once again its firm, fundamental rock solid level of hodlers. And when it reaches that point, usually it just goes boink and it redirects and starts going the other way again. But in a sense, it's beautiful because it's so pure. I mean, this is how it maintains its resiliency and strengthens itself over time so that it can continue to grow.
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