The Breakdown cover image

The Utter Folly of Biden's Proposed Bitcoin Mining Tax

The Breakdown

00:00

The Biden Administration's Rejection of Bitcoin Miners

Biden officials aren't satisfied with Bitcoin miners using clean power, preferring to try and ban the industry entirely. It's no wonder that Texas Governor Greg Abbott has praised miners for their benevolent presence on the Aircott grid. Any solar or wind insulation it helps finance will provide decarbonized power to ordinary households too. How then is a novel source of demand for electricity, especially renewables, considered a bad thing?

Play episode from 08:03
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app