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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 Price Going Down, Is That a Good Idea?
When Volcker jacked up interest rates in the 80s to quell inflation, they went from 10 to 20%. That's a six X increase in the cost of capital as Bitcoin sold off 70 plus percent. So you have like a really a perfect storm to put maximum pain and pressure on people that are trying to make a go of basically producing hash or being Bitcoin miners. And so I'm curious, based on your closeness to all the different components of this industry, what is your thoughts on the long-term viability of the public miners? You know, if you want to sprinkle in a little bit of regulatory capture too, I wouldn't be opposed.
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