This is a wild and concerning trend for Bitcoin.
This is far worse than I had realized.
This is a list of all the major public Bitcoin miners.
ALL have made statements to pivot to AI.
ALL are targeting major shares of revenue from AI from here, not Bitcoin.
On average current Bitcoin revenue is expected to drop from 90% to just 30% in the next 2-3 years!
Do you see a pattern?
The stocks doing the best in recent years all jumped into AI big time.
Those with 80%+ AI share of revenue targets saw their stocks climb up over 500% on average. Those targeting <60% AI revenue saw 1/10th the growth, with many having negative 2 year returns.
The message is clear.
If these numbers are even half accurate, and they are based on direct company statements, the energy and commitment to Bitcoin is under significant threat over the next 2-3 years. All while Quantum computing is taking off and poses an existential threat to Bitcoin unless we change the code.
Many of these miners are not even planning to upgrade or renew Bitcoin mining hardware at all, simply running out lifespan of the existing and reinvesting only in AI.
The market has been voting with its feet.
Now the miners are voting with their feet.
Just as Bitcoin is about to approach its biggest ever threat in the coming years, the backbone of its security is leaving the industry.
Bitcoin used to be famed for having the biggest computing network in the world. It's now collapsing into AI at record pace.
The Saudis abandoning LIV golf is just the tip of the iceberg. What we're about to witness is the biggest financial earthquake in the history of professional sports
CFTC Chair Mike Selig Grilled By Both Parties Over Prediction Markets And Hyperliquid
CFTC Chairman Mike Selig (@ChairmanSelig) faced bipartisan pushback at a House Agriculture Committee hearing on Thursday, with lawmakers from both sides questioning his handling of prediction markets and offshore crypto perpetual futures.
Democrats pressed Selig on suspicious futures trades timed just before Trump administration announcements, including a $500 million oil bet placed 15 minutes before the president's March 23 post on Iran negotiations.
Rep. Jim Costa (D-CA) challenged Selig on prediction markets tied to war and the deaths of political leaders, calling it "profiting from tragedy." Selig said he is working on a proposed rulemaking, but defended the legality of such contracts under a broad commodity definition.
Republican Rep. Austin Scott (R-GA) pushed Selig on Hyperliquid, the offshore decentralized perpetual futures exchange currently outside CFTC jurisdiction. Scott warned the platform's volume on trades like oil contracts could hit US consumers hard, urging the agency to hold it to the same standards as regulated American exchanges.
🚨 Jude Bellingham: "Mbappé and Vini are both naturally left-sided players, they prefer to receive the ball on the left, so if I also play on the left, and play deeper as the base to their movements, then all 3 of us would be on the left, so it can be difficult if we're all on the same side.
I think Arbeloa's found a really good balance, having me on the other side a little more.
The strength of our game is that we're really fluid and have that freedom to move around and at times, that can be what disorganizes a little bit, but I think, you have to trust both of them, their ability, how good they are.
Because of the situation we're in, there's a lot of focus on the negative side of it, but there have been so many games where the fluidity and freedom we play with has been key in winning games.
I'm not worried about it at all. When things are right, like hopefully they will be tomorrow, I'm sure they can win us games, as I've seen them do before.
I'm confident they can find the right balance."
10 Missing Scientists 'Killed by Israel' For Next-Gen Nuclear Tech to 'Rule the World'
A military insider connected directly to the ten missing scientists has just come forward from the shadows.
He's dropping bombshells: some of these scientists sold out to Israel. Others were days away from blowing the entire operation wide open.