Michael Saylor
👤 SpeakerAppearances Over Time
Podcast Appearances
If you have a volcano in the middle of Africa,
It's spitting off huge amounts of energy.
Really?
There's no buyer for it.
Oh.
It's stranded.
What if you have geothermal geysers in Iceland or in the Arctic zone?
There is energy in the world.
There's no buyer.
So another example is the Three Gorges Dam in China.
think they produce like 22 gigawatts of energy, but they only had demand for half of it.
What do you do if you end up with an extra gigawatt of energy?
And the answer is you mine Bitcoin with it and you monetize it.
So there's always going to be a use for it.
It's just, it'll migrate to the edge of the grid.
Another example is if you have intermittent energy, like on the ERCOT grid in Texas, they have too much energy during the day when the wind's blowing.
Hmm.
And they might not have much energy when it's quiet at night and the sun sets.
And so if they have too much energy, they have to curtail it.
They're going to burn out the grid unless they use it.