There are two problems rn for crypto and, specifically, bitcoin bulls: 1) marginal liquidity would rather speculate in prediction markets and equity markets 2) marginal energy to mine BTC is worth 10-20x if reallocated to serving AI tokens These changes feel structural but I could be wrong…
The author identifies two structural headwinds for Bitcoin: marginal liquidity favoring prediction/equity markets and mining energy being more profitable for AI tokens.
There are two problems rn for crypto and, specifically, bitcoin bulls: 1) marginal liquidity would rather speculate in prediction markets and equity markets 2) marginal energy to mine BTC is worth 10-20x if reallocated to serving AI tokens These changes feel structural but I could be wrong…
🚨 LATEST: Billionaire Chamath Palihapitiya says there are two problems facing Bitcoin bulls right now. Marginal liquidity would rather speculate in prediction and equity markets, and marginal energy to mine BTC is worth far more if redirected to AI. https://t.co/BxkSjl923r
吴说获悉，硅谷知名投资人 Chamath Palihapitiya 发推表示，当前加密市场尤其是比特币多头面临两项问题：边际流动性更倾向于在预测市场和股票市场进行投机；比特币挖矿的边际能源若转用于提供 AI 代币服务，价值可能高出 10 至 20 倍。他认为这些变化可能具有结构性，但也表示不排除判断有误。 wublock123.com/news/chamath-p…