Math doesn’t care about narratives.

Kent was just on 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 ⚡️📉

https://www.sazmining.com/blog/bitcoin-mining-as-savings-in-2026-energy-cost-averaging-into-wild-sats