March 08, 2025
Trump's Crypto Summit: The No. 1 Thing the Blockchain Industry Needs to Really Take Off
The upcoming White House Crypto Summit under President Donald Trump is anticipated to push cryptocurrencies like Bitcoin into the mainstream by embracing a pro-innovation regulatory framework. However, experts argue that for the blockchain industry to truly flourish, it requires significantly more energy.
Energy Demands of Blockchain and AI
"A White House Summit may help push currencies like Bitcoin further into the mainstream, but the blockchain industry needs something more to really take off: energy — a lot more energy." The study highlights that Bitcoin alone consumes nearly 175 terawatt hours per year, comparable to Ireland's annual consumption. This demand is compounded by America’s commitment to leading in artificial intelligence (AI), which also requires substantial energy
Posted on March 08, 2025
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