There is another way of seeing things.
It has to do with energy, in a way that surprises even hardened Bitcoiners. In fact they also hope it might not be true, because it means the coming end of all possibilities of advantage by investment, the end of all capitalism, but also the end of all energy and environmental problems, with full, verifiable technical reasoning.
I would recommend a read of it, it can be found by searching out the Bitcoin Kardashev Hinge.