2min chapter

The Café Bitcoin Podcast cover image

Bitcoin Education with GenZ4BTC, Greg Foss and Zachary with Bitcoin Stem - June 19th, 2023

The Café Bitcoin Podcast

CHAPTER

The Uncorrelated Price of Bitcoin

2.4 million is still a lot more than 25 bucks just saying. I had a hamburger this weekend that cost more than the BSB daily fees. That's the thing. Why do we think that the price of Bitcoin is so uncorrelated to the hash rate? What does that disconnect there? Well, because ASICS are getting more efficient. So miners are able to mine Bitcoin more efficiently. They have their input costs are becoming lower and lower which means that there's no need to necessarily say here.

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