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BTC092: Bitcoin Energy & Custody w/ Parker Lewis & Will Cole (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Fed Is Trying to Destroy Demand to Bring Prices Down
The demand for energy over time has proven to be very inelastic. We need gasoline to get in a car, go anywhere to produce and deliver goods to market. But when you start to raise interest rates, you start to increase the cost of capital such that if people wanted to finance more production activity, it can now cost them more. And so I think that that's what we'll see. People will actually need as much natural resources and as much gasoline, as much power as they've ever have,. but less and less of it will be coming to market or not enough to meet the demand.
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