How on earth is BTC lowering the price of energy!?! #education #bitcoin #crypto

Video Transcript:

here is something crazy to understand about Bitcoin is that it’s actively lowering the price of energy as a network but obviously you’d think hang on the miners are buying energy so how on Earth can Bitcoin be lowering the price of energy well here’s the thing every time a new Miner plugs in that amount of Bitcoin M think of it like a cake if all the miners are going to a birthday party and there’s a single one cake on the table if twice as many people come to the party everyone’s getting a smaller slice and that’s exactly the same with Bitcoin that all these miners consuming more and more energy to get less and less Bitcoin so the energy to Bitcoin exchange rate of how much they mine keeps dropping which means the amount of Bitcoin per kilowatt keeps dropping and so if the electricity price goes above they sell the energy so it’s a natural selling pressure the miners are actively selling energy if it’s more than Bitcoin