Math doesn’t care about narratives.
@Kent Halliburton was recently @Simply Bitcoin breaking down how ~450 BTC/day is the new supply the market can absorb ⛏️
Meanwhile, Morgan Stanley filed for a spot BTC ETF with cash OR “in-kind” create/redeem 🏦➡️₿
We turned the convo into a short blog that lays out the numbers + why mining = “energy-cost averaging” into sats ⚡️📉
BTC Mining as Savings in 2026: Energy-Cost Averaging Into Wild Sats
In 2026, Bitcoin’s supply remains about 450 BTC/day. Here’s why that matters, why “in-kind” spot ETFs are a signal, and how mining can ener...