Billionaire Palihapitiya flags two issues that could decide Bitcoin's next big move

Bitcoin mining is an increasingly inefficient use of energy that simply cannot compete with the AI revolution. The power used to mine Bitcoin would be worth ten to twenty times more if it were reallocated to serving AI compute tokens. As liquidity structurally shifts away from crypto and into AI stocks, the opportunity cost of mining has become too high to ignore. Is Bitcoin mining a waste of energy compared to the value of AI? Or does the network's security justify the cost?
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