Video Transcript

This is the price of Bitcoin over the last few years and this is the production cost of bitcoin over the last few years as a network average now here’s the thing to understand about why Bitcoin goes parabolic in price well the short answer can be explained with fiat

Currency fiat currency is an infinite amount of printed monetary units inflating to chase a scarce amount of goods and services at any given time that means that more money is chasing fewer Goods the prices go up and the money is going down Bitcoin does this the other way around the monetary units

Are scarce and the energy the mining the production to chase those monetary units is continually going up as the production cost shows and so it’s an infinite amount of energy chasing a scarce amount of monetary units Infinity over 21 million Bitcoin