Quote from: mertium on July 19, 2022, 09:22:52 AM

For Bitcoin energy usage to increase to absorb more of the world's waste energy, its market cap would end up being $420 trillion, calculates Sjors Provoost.

https://mertium.com/a/19075590/

Bitcoin price is not defined how many energy is used to mine it, bro.
Bitcoin price is defined by global markets (buy / sell) for offer and demand.
More people demanding (buy) Bitcoin = price go up
More people offering (sell) Bitcoin = price go down

Miners don't influence Bitcoin's price.

Miners rely on Bitcoins price to stay profitable:
Bitcoin price goes up: More miners are profitable and new miners can join (because more miners can operate profitable)
Bitcoin price goes down: Less miners are profitable and some current miners need to shut down (because it's not profitable anymore)
Remember: Bitcoin miners are receiving Bitcoin rewards from which money operations need to be paid.
Less income from Bitcoin because Bitcoin price goes down = shut down mining operation when your break even profitability isn't met anymore
More income from Bitcoin because Bitcoin price goes up = people will increase mining operations because it's more profitable.