The thesis from Jordi Visser
is playing out: We hit the physical limits of software.
Money is moving from "Pure Code" (SaaS) to "Physical Tech" (Tesla/Energy).
The divergence in the chart above is loud.
Discussion
But where does #Bitcoin fit in?
Right now, BTC is trading like a Tech Stock, not a Commodity. It is falling alongside Nvidia and Microsoft.
To win in this new environment, Bitcoin needs to break the correlation with Tech and start tracking with Energy & Hardware.