Top cryptocurrency analyst Willy Woo took to X on Tuesday to express his thoughts on how the economy functions as an engine, transforming raw materials and energy into goods and services.
He also shared his perspective on the interplay between thermodynamics, physics, and economics, and its implications for Bitcoin’s future, countering economist Steve Keen‘s recent warning that Bitcoin (CRYPTO: BTC) will go to zero.
He emphasized the correlation between a country’s GDP and its energy consumption, stating that the only way to secure hard money is through energy. He further explained that due to the competition for energy by the economy, it will always be scarce.