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BTC174: Is Bitcoin Property, Currency, or Both? w/ Parker Lewis & Will Cole (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Resource Power and Bitcoin's Impact on Power Supply
In the context of Bitcoin mining, the increased demand for power leads to the construction of more power facilities. This cycle of using money to acquire resources, creating goods, selling them for more money, and reinvesting in power facilities is observed in places like Texas, where new power facilities are being announced. Ackman's oversight on the impact of Bitcoin mining on power supply is highlighted, emphasizing the importance of considering supply in addition to demand. Bitcoin mining is seen as complementary to power grids, helping to address the power problem and adding value to the grid. This alignment results in reduced power costs for Bitcoin holders and drives an increase in power supply to meet the rising demand caused by the cryptocurrency's popularity.
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