Peyton Allworth on Nostr: For energy prices over the next ten years I think the prices divert depending on ...

For energy prices over the next ten years I think the prices divert depending on location. Some areas will experience energy deflation as they lean into Bitcoin mining while others will see higher prices as the petro dollar system weakens and wars and trade issues make consistent cheap oil less common.

Some time after bitcoin surpasses the market cap of gold and begins to transition to a settlement layer for nations that have energy grids built around mining you’ll then start to see global energy prices falling and energy use globally trend upwards at a historically very high rate. The world will return to kilowatts per capita rising again. This metric has flattened in G7 countries and slowed to nearly nothing for the rest of the world since leaving the gold standard.

While bitcoin will be a big part of the global wealth in this scenario global wealth itself will be much larger. Just an energy use increase globally of a little over 10% per year would get us to a 50% increase every halving and a type 1 civilization on the kardeshev scale in a 92 year period. 1 #bitcoin in a type 1 civilization will have a lot of purchasing power.

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