#Bitcoin miners are selling their bitcoin to buy AI infrastructure
Marathon, Riot, Hut 8, Core Scientific.
The companies that literally produce bitcoin are deciding that AI compute is a better use of their capital than holding the bitcoin they mine
Don't think everyone's really sitting with how strange this is.
These are the people CLOSEST to bitcoin's monetary properties.
They run the machines and understand the halving math. They know the supply schedule better than anyone and they're choosing to sell.
The margins on AI hosting are so good right now that the opportunity cost of holding bitcoin is actually negative for them.
Think about that for a sec: It's CHEAPER to sell BTC and build data centers than to hold BTC and mine more of it
Wild times right now.