| Bitcoin does not escape material reality. It is secured by it. If the energy crisis moves beyond oil and gas and reaches electricity itself, the real question is no longer whether Bitcoin is bullish or bearish, but whether it remains structurally credible under pressure. What follows is not a market call, but a systems analysis of where the pressure would land first, what would actually weaken, and what might become more relevant precisely because the surrounding system is becoming more constrained. [link] [comments] |
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