How does Bitcoin incentivize cheap energy? It only incentivizes energy that has a marginal cost less than the Bitcoin it can produce. As long as human speculati

How does Bitcoin incentivize cheap energy? It only incentivizes energy that has a marginal cost less than the Bitcoin it can produce. As long as human speculation outpaces finite resources, it makes economic sense to burn the most expensive, dijon fuels. This is true even if externalities are factored into energy prices, which they aren’t.