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Top cryptocurrency analyst Willy Woo said on Tuesday that the economy functions as an “engine,” transforming raw materials and energy into goods and services. He argued that there is a correlation between a country’s GDP and its energy consumption, adding that the only way to secure “hard money” is through energy.
Woo said that because the economy competes for energy, it will remain scarce. He compared the traditional reliance on scarce physical assets such as gold to create hard money with Bitcoin, arguing that gold’s long-standing advantage may not persist if new technologies reduce scarcity.
Woo suggested that advances such as scalable space travel or nuclear fusion—technologies that could enable the creation or transformation of atoms—could reduce gold’s scarcity. He contrasted this with Bitcoin, saying its proof-of-work produces hard money backed by energy, which he described as scarce due to economic competition.
He also wrote that Bitcoin is built on foundations that can scale as technology advances along the Kardashev scale.
Separately, the article noted that Bitcoin has risen 7.68% over the past month and is currently trading at $71,761.83.
Another analyst, Ali Martinez, identified Bitcoin’s “Ultimate Support” at $47,960, which he described as a potential price floor before a major reversal.
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