Earnings360 Newsletter for 12/9/2024

Throughout history, major infrastructure buildouts have created surges in the commodities that power them. Oil surged when highways were built, uranium when nuclear plants expanded, rare earth metals when green energy scaled. Tech investor Andy Howard believes we're watching the same pattern unfold right now as a new law accelerates the migration of financial transactions onto blockchain-based infrastructure. Every transaction on these systems requires a scarce digital asset to function, and as trillions move onto the network, demand for that asset rises while supply shrinks with every use. Howard calls it a "Commodity Crunch" — and he's identified the specific digital asset at the center of it.