Thanks for the post. Those who invest in bitcoin have to deal with a very difficult asset to valuate. What is it worth? When it starts to drop, where will it stop? Is it all just investing into narrative? With stocks at least you have metrics such as pe, ps, book value etc that are used to at give some idea of the fundamental value, a floor, once a stock start to drop. But the fact that so much energy, resources are used to mine a bitcoin and it's just going to get harder is in a way builds the value in itself for bitcoin even hype is no longer there. Seems like bitcoin can't just one day be considered worthless after all this effort (and the effort is huge). So it seems to me we know at least there's some floor on the price. I want to ask the community if anyone came across a chart that shows the price of bitcoin vs. the energy usage to mine a single bitcoin. Actually per cost of energy is even better metric since means of electricity production is also a vary such as coal, renewable etc..(although this will vary greatly from country to country unless we do weighted average off all countries based on amount of bitcoins mined)