3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC124: Bitcoin is a Strategic National Necessity w/ Pierre Rochard (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Importance of Demand Response in the Electricity Market

There's demand response just as a generic term that demand responds to the market price of electricity going up. That's something that Bitcoin miners are keenly interested in because it helps them reduce their cost of overall of producing more Bitcoin. In Pierre, I think it's real fast. We've been exporting dollars instead of exporting aluminum. And here we have an opportunity to create good paying jobs and to bring opportunities to these local communities. But yet there's some pushback from some elements.

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