🗞 Crypto, translated
What happened: SpaceX is planning a $24 billion computer facility in Texas, powered by its own gas plant, to run artificial intelligence, and that project costs 17 times more than all the bitcoin SpaceX owns.
What it means for you: This does not change anything for an everyday saver or phone user; it is a company spending decision about computing power, not a signal to buy or sell anything.
😏 Turns out the real hedge against inflation is just building your own power plant.
#SpaceX
What happened: SpaceX is planning a $24 billion computer facility in Texas, powered by its own gas plant, to run artificial intelligence, and that project costs 17 times more than all the bitcoin SpaceX owns.
What it means for you: This does not change anything for an everyday saver or phone user; it is a company spending decision about computing power, not a signal to buy or sell anything.
😏 Turns out the real hedge against inflation is just building your own power plant.
#SpaceX
