The best way for me to describe the Bitcoin Mining Industry… it’s a RACKET. The more I dig into this Bitcoin Industry, the more troubling signs I find. If you want to know how bad the top Bitcoin mining companies are compared to gold mining companies, you must watch this video update…
If Moody’s downgraded the French credit rating due to its deficit to GDP, you should see what’s happening with the U.S. government ratio. Also, there still seems to be some wisdom in the financial markets, as Microsoft shareholders overwhelmingly voted against investing in Bitcoin…
The U.S. Treasury just released its November statement, and what a budget deficit disaster. In the first two months of the U.S. Fiscal year, the U.S. Treasury racked up a record $624 billion in deficits. Remember, deficits become money printing, which will turn into future price inflation…
It is no coincidence that the surge in U.S. public debt over the past decade pushed the cost of producing gold to a record high. So, how much will the increase in U.S. debt by 2030 further impact the gold mining cost? Good question. In this update, I provide my analysis of this fascinating subject…
It looks like the ENERGY CLIFF is coming back to bite hard this winter. U.S. natural gas consumption surged this week as Europe faces another dreadful winter with rising prices and possible gas shortages. I don’t think Americans realize how much power bills will increase in the future…
The amount of energy it now takes to mine one Bitcoin is absolutely stunning. Ever since Bitcoin halving in April, the energy now needed to produce just one Bitcoin should shock the public. Unfortunately, the market is unaware of the power-hungry Bitcoin Mining Industry because it is focused on the $100,000 price…