The Federal Reserve's shift to a gradual, modest balance-sheet expansion limits macro stimulus for Bitcoin. At the same time, liquidity and M2 have begun to diverge, creating occasional price-decoupling, while cheap oil keeps inflation in check, influencing mining economics.
Rising AI demand tempts Bitcoin miners to repurpose energy, while mining hash power remains a lagging indicator of price movements.
Escalating diplomatic frictions between the U.S., China and other powers shape commodity flows, defense spending and investor sentiment across markets.
Data centres are power-hungry beasts, prompting a search for cool, cheap locations. Greenland's melting ice opens new trade routes and makes the island an attractive site for energy-efficient digital infrastructure, adding another layer to its geopolitical value.
Harari observes how humanity's awareness of mortality drives both achievement and delusion, from artistic creation to modern elites' obsession with life extension technologies.