But bitcoin doesn't scale. And incentives are not aligned to making it scale. So having it not scale is an unfortunate equilibrium. It's consuming more electri

But bitcoin doesn't scale. And incentives are not aligned to making it scale. So having it not scale is an unfortunate equilibrium. It's consuming more electricity now than Sweden. It can't really grow exponentially. The world just does not have enough electricity for more growth at that rate. Unless you just mean "exponential in price", in which case that's just speculation, and completely disconnected from, as they say, the fundamentals.