Bitcoin price rise leads to increased mining and greater energy use, driving up the cost of energy, causing inflation to rise and the dollar to decline, driving demand for Bitcoin and increased mining, driving demand for energy and the cycle continues, ...Bitcoin goes to infinity, energy prices skyrocket, and the economy collapses.
Most bitcoin miners are driving the cost of electricity down for other consumers, not up. Let me know if you would like to discuss 1 on 1... I invest more as a hobbyist trying to learn than as a careful investor.
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