The tweet was deleted by the author.
But we saved everything 🙂.
Saifedean Ammous, author / academic at Self-employed, suggests that while the general sentiment around mining is understandable, it is the capital expenditure and electricity consumption in mining that have peaked.
He states that hashrate is likely to continue growing as miners adopt more efficient technologies.
View post on X Loading...
Ammous has previously highlighted bitcoin’s performance relative to fixed income assets, noting that bitcoin would have outperformed long-term U.S. Treasuries over the past 15 years. He has also commented on macroeconomic pressures, observing that the 10-year Treasury yield is approaching a 19-year high as U.S. debt to GDP has doubled since 2007. His recent remarks on mining add to a series of posts analyzing financial markets and asset performance.