"A lot of mining" is coming to the US Cathie Wood declared on CNBC (that I recommend although Kudlow is not with them any longer), where electricity is green (oh babe, yes!) she argued and making BTC attractive from an ESG standpoint which I didn't see coming to be honest. This supported BTC, crushing my high-precision 30K floor hitting time forecast. SO BTC trading.
Well, of course, she's just talking up her book. The only redeeming scenario I can see is that increased BTC mining demand in the US will/should force an increase in the electricity supply. Then, in the case of grid instability due to bad weather and/or unreliable wind/solar, the grid operators can cut out the supply to the miners, relieving the pressure. Of course, to be fair, large miners should be on notice that this could happen. And, maybe they should pay an "infra-structure tax" to finance the building of new supply.
I wonder if you could raise money on Wall Street to build a combo "btc mining + advanced nuclear plant". That would be quite interesting!