First the electricity prices go through the roof and keep climbing. People say it's because of bitcoin mining and because of all the bitcoin millionares. It's not.
The cost of electricity will skyrocket in dollars, but priced in bitcoin it will be flat. Electricity prices may even start to take on characteristics of the 4 year bitcoin cycle.
https://midwaycrypto.blogspot.com/2021/05/the-price-plus-some-sats.html?showComment=1625208811242#c5197429246246312926
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