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Although We Think Bitcoin Is Wasteful, It Might Be A Solution (We Can’t See)

What I’ve Learned Observing Bitcoin, Geopolitics, and the Energy Debate

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The Night Bitcoin Didn’t Blink While the Market Did

Tightening news wires hinted at the impending crisis. Global powers’ rhetoric was no longer abstract, especially when it came to Iran. Timelines, ultimatums, and language that suggested escalation rather than negotiation were all present. Instead of waiting for confirmation, markets swiftly price fear.

So I observed.

First, there was a slight but noticeable decline in equities. Bonds, which I thought might help ease some of that anxiety, didn’t provide much solace. Gold, which has historically been the preferred hedge in situations like this, hardly moved. I was interested in that.

Then there came Bitcoin.

There was no surge. It didn’t crashed. It held.

More than any dramatic action could have, it was that calm stability. Because I had seen Bitcoin act like a high-beta version of risk for years, increasing quickly during periods of optimism and plunging more sharply during periods of doubt. It felt different this time.

I didn’t instantly see it as strength. I saw that as a query: Has Bitcoin evolved, or have we altered its application?

The Limits of Conventional…