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The Power of Bitcoin: Joe Burnett on Saving Wealth at Scale & Hyperbitcoinization

The Bitcoin Matrix

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Bitcoin's Hash Rate

In 2013, Bitcoin was at around $300 and you might be able to mine it for like a buck. So in essence, you see hash rate per Bitcoin is sort of a price in of itself and a measure. There's this lag between the dollar price of Bitcoin and the hash rate, the energy price of Bitcoin. And then people can't do that for 18 months because they have to build mining infrastructure.

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