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Published by admin at February 17, 2021

Steve Barbour with Upstream Data Inc. Discusses the Rise of Bitcoin

Steve Barbour, CEO of Upstream Data Inc., discusses the correlation between the rising price of Bitcoin and the need for more data centers. Barbour's company specializes in building portable Bitcoin mines, providing infrastructure and professional help to new players. He explains that as the price of Bitcoin rises, more profit margins are created, leading to increased investment in mining infrastructure. This results in a higher supply of Bitcoin, similar to how the oil industry responds to rising prices by increasing production. Barbour is bullish on Bitcoin's future, believing it offers a better alternative to the existing monetary system and will continue to gain adoption. Upstream Data Inc. is experiencing increased demand for their products as a result, with clients in various locations buying their data centers to mine Bitcoin from their waste gas.

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