Part 10/17:
A notable topic is the rapid increase in Bitcoin’s hash rate over recent years. Dan attributes this surge to continued access to capital—especially through listed mining companies that can raise funding during downturns—alongside technological advances and the detailed, transparent market signals that make Bitcoin mining an attractive investment opportunity.
He mentions that the industry has transitioned from hobbyist CPU mining to specialized ASICs, then to large-scale institutional operations. The commoditization of mining chips—due to technological convergence—has made it possible for players to participate at different scales, emphasizing infrastructure over proprietary hardware.