everyone thinks cheap power automatically means more $BTC mining, but actually MARA’s ceo is saying AI data centers may now be the better trade.
the mistake here is assuming miners will always double down on bitcoin no matter what. if you’re holding mining names or chasing $BTC ecosystem plays, this shift can mess with your thesis fast.
fred thiel’s point is pretty simple: electricity is becoming the world’s most valuable resource. if you control cheap power, plugging it into AI infrastructure can generate higher returns than mining bitcoin in some cases.
the key detail: $MARA isn’t quitting mining. they’ll still mine $BTC when the economics make sense, but future capital is increasingly leaning toward AI data centers. that’s the warning, ser. the bitcoin mining narrative may be turning into a power-infrastructure narrative.
so the real question is: are miners still bitcoin proxies, or are they slowly becoming AI energy companies?
#Bitcoin #CryptoMining #AI
the mistake here is assuming miners will always double down on bitcoin no matter what. if you’re holding mining names or chasing $BTC ecosystem plays, this shift can mess with your thesis fast.
fred thiel’s point is pretty simple: electricity is becoming the world’s most valuable resource. if you control cheap power, plugging it into AI infrastructure can generate higher returns than mining bitcoin in some cases.
the key detail: $MARA isn’t quitting mining. they’ll still mine $BTC when the economics make sense, but future capital is increasingly leaning toward AI data centers. that’s the warning, ser. the bitcoin mining narrative may be turning into a power-infrastructure narrative.
so the real question is: are miners still bitcoin proxies, or are they slowly becoming AI energy companies?
#Bitcoin #CryptoMining #AI