JUST IN: Michael Saylor says when banks embrace Bitcoin "everyone will want to buy it, no one will need to sell it, and you won't be able to afford it."
JUST IN: πΊπΈ Elon Musk's DOGE officially removes 12 million people over 120 years old from US Social Security database.
"The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price."
β Satoshi Nakamoto (2010)
β Satoshi Nakamoto (2010)