[textbookrental]

I think you are the first person I have read to say this, but I totally agree.

The cost to secure the Bitcoin network is a function of the market capitalization. If the market cap increases so will the cost of securing the network.

If Bitcoin market cap continues to increase, the resources required to secure the network will start to crowd out other economic activity.

I feel like we are seeing the first glimpse of this with the chip shortages.