Alex Busarov on Heatbit: Bitcoin Mining Heaters and Air Purifiers

What, what are the topics that people have at, at the conference? Like, what kind of things people talked about?

I think, you know, coming out of, um, coming out of, I guess the, the Vegas conference with the big Bitcoin conference that happens there, a lot of it was the war in Iran and, and really opting out of wars in general, forever wars and what that costed.

Uh, cost even like globally, um, the lower and middle class, you know, of having a lot of their savings inflated away and a lot of it was just spending on wars.

And I feel like we saw that from, from both sides at the conference.

And then I think now there's a little bit, not like people say this in every passing sentence, but I think going into midterms people are not optimistic necessarily on like where we're headed from, "Oh, we're stuck in Iran." Like, this doesn't seem like we, we have a, a plan, you know, from that perspective to, to really tie this up neatly.

Um, you know, there's gonna be a shift, I think, you know, post Clarity Act not passing.

You're not sure where the regulation side.

But I think there was definitely some conviction built where when the Clarity Act wasn't passed, when some of these recent hacks happened, Bitcoin price didn't budge.

And it's not all about price, but price is obviously a good, good gauge of sentiment.

And when you see it not really drop hardly at all for any of these, then in these bad situations, like a rate hike I think is the purest example of something that would bring Bitcoin down significantly.

And the fact that we hiked rates and it didn't, people are like, "Oh," like this is...

You know, we're in, in for that next leg.

And not only is it about just price going up, number go up, you know.

It, it does help the industry, you know, to be able to pay salaries, to invest, you know, to have interest in, in seed stage investment.

Obviously you guys are very capital intensive, so, uh, it always helps when you can [laughs] borrow, uh, at, at better rates and have, you know, good investors that believe in your company.

Um, yeah.

To, to, to that point of the rates, um, like there's, there's the, the big theme with the, uh, with the national debt, right? With the fed debt and how, how big it's become, et cetera.

Whenever you hike the rates, you're gonna start paying higher, higher rates on your debt, right? So-

Yeah

... it's, it, it kind of, it kind of-

Pressing

... becomes a bit of a, um, a self-fulfilling mechanism that you, you hike the rates and then, you know, especially at that, uh, amount of the debt that's, that's already there, um, with the Fed.

Yeah.

Um, it kind of gets harder to pay those rates, uh, and, you know, pay that interest.

So you need to maybe grow that debt even more, and then it's even harder to pay, [laughs] to pay that, uh, interest.