Bloomberg Surveillance · Tuesday, July 14, 2026
The growth of AI has validated the thesis for Bitcoin mining, highlighting the importance of low-cost electricity. Despite increased mining activity, the fixed algorithm ensures that the daily production of Bitcoin remains constant, with the issuance rate set to halve in approximately 18 months.
“At the infrastructure level, it has validated the bitcoin mining thesis, which is if you can source very low cost electricity, oftentimes renewable, you can build a head of demand.”
“Now the bitcoin algorithm is fixed. The current inflation rate is about eighty base points per year. That will be cut in half in about eighteen months, down to forty basis points a year.”
“No matter how many miners there are, the same bitcoin is produced each day. It's just divided among those proportionate to their share of the network.”