The Importance of Bitcoin

bitcoin might end up consuming about half of all the electricity that we produce on the world, says Peter Thiel. "I can't think of a better use of electricity than having a hard monetary standard like if we have a hard money," he adds. He also argues storing gold is a small price to pay for sound money limited government and all the prosperity that flows. 'No one's gonna invent a product again you're changing the point' said Thiel.