There are times when I really do believe this, but I'm curious how such a thing would play out: price (in $ terms) would surely drop, which means a lot of miners would bail and pivot to AI. I don't think that's a big concern, but I wonder what would happen to all their ASICs. It seems like a bad thing to have a bunch of hash power that is in the wings, just waiting for Bitcoin to be favored again to plug in.
There are times when I really do believe this, but I'm curious how such a thing would play out: price (in $ terms) would surely drop, which means a lot of miners would bail and pivot to AI. I don't think that's a big concern, but I wonder what would happen to all their ASICs. It seems like a bad thing to have a bunch of hash power that is in the wings, just waiting for Bitcoin to be favored again to plug in.