buying bitcoin -> pays miners who are selling their coins -> price goes up -> miners invest in building out capacity -> grid demand grows -> more power plants built to satisfy it
Discussion
how am i just now seeing this
The circle of (bitcoin) life.
But ironically more energy capacity will be build where electricity is already cheap and plentiful. Where electricity is expensive and lacking eg Germany miners will never come and it will never get better.
Strange market dynamic 🤔