Part 6/14:
Ryan emphasizes Bitcoin’s potential role in energy management. He notes the dramatically reduced Chinese Bitcoin mining due to government crackdowns, which has shifted hashing power predominantly to the U.S., particularly Texas, where Bitcoin mining benefits from abundant, cheap energy.
He recognizes that Bitcoin’s energy usage can be viewed positively—such as stabilizing grids, optimizing renewable energy, and converting excess energy into monetary value—highlighting that Bitcoin can act as an energy storage and efficiency tool. Nonetheless, he remains cautious, pointing out that "all money is energy" and stressing the importance of a nuanced view rather than blanket assumptions.