Let's say $PRL captures 5% of AI data-center usage, big IF, and it will take time.
I model that puts PRL at 20% of Bitcoin energy usage and cost to mine during inference at ~= $24.50/PRL vs ~= $1.15/PRL today.
If $PRL gets to 25% of AI data center adoption then it flips Bitcoin in total energy securing the network, cost to mine during inference appears to be ~= $102/PRL at that point.
For me the whole PRL story is an optional bet on this energy story and if it plays out. Do the economics claw energy, price, and demand up together?
FWIW There are A LOT of assumptions in these models. Please read carefully and do your own math.
$PRL is cool but I won’t be interested in it until 2029 at minimum
Supply is inflating ~0.5% per day currently, you will get a -80% drop regardless of how good this thing is.
Doesn’t mean it cant 5-10x before that.