The next war of AI is not about models, but energy. The competition in AI seems like a battle of models on the surface. But if you dig deeper, the real battleground might be: electricity, land, data center computing infrastructure. In the past, Bitcoin mining sought low-cost energy. Today, AI is searching for the same resources. The narrative changes with the times, but the underlying resources never disappear. Chips are just the entry point; energy is the long-term moat. Just my personal observation, not investment advice. #AI #Bitcoin #NVIDIA #DataCenter