Former President Donald Trump and New York Governor Kathy Hochul are advocating for nuclear energy as a solution to diverse challenges.
Governor Hochul believes that nuclear power can help New York meet its ambitious climate targets by 2030, which were initially set in 2019.
Trump, on the other hand, focuses on nuclear energy's potential to support the high energy demands of artificial intelligence (AI).
In a recent interview, Trump pointed out the limitations of renewable energy sources like wind and solar, emphasising the importance of nuclear power in maintaining America’s lead in AI development.
He likened AI's future importance to that of oil, noting its potential as a key driver of global power.
related reading：IMF Proposes Steep Tax 85% to Cut Crypto Mining Emissions
The interest in nuclear energy extends beyond the United States.
In August, Poland allocated $1.2 billion for its first nuclear energy plant, while Sweden considers a $28.5 billion investment in nuclear reactors.
China has also approved a plan to build 11 new nuclear reactors, totalling $31 billion.
For Bitcoin miners, energy costs are a significant concern.
Compared with wind, solar and other renewable energy sources, nuclear power provides almost unlimited energy and significantly reduces capital expenditures, which will greatly reduce the cost of Bitcoin mining.
Renewable energy vs nuclear energy metrics. Source:SMR Nuclear
As prices rise, alternative energy sources become increasingly attractive.
Nuclear energy, with its potential for low-cost and high-capacity output, could reduce expenses for Bitcoin mining operations.
According to a Bitfufu report, the average cost to mine a single Bitcoin reached $51,887 in Q2 2024, raising concerns about profitability, especially post-halving.
A January report from Cantor Fitzgerald of mining costs for top Bitcoin mining firms. Source:S. Matthew Schultz
Access to nuclear energy could lower these costs, making mining more accessible and potentially decentralising the industry.
related reading：Bernstein: Mining Hardware a $20 Billion Opportunity Amidst Trump’s US Bitcoin Push
As nuclear energy gains traction globally, its role in addressing climate goals and supporting technological advancements like AI and Bitcoin mining becomes increasingly significant. However, the broader implications and challenges of this shift remain to be fully understood.
As the price of Bitcoin fluctuates, a growing number of companies have seized the opportunity to accumulate the cryptocurrency, further solidifying Bitcoin’s place on corporate balance sheets. Following Bitcoin’s all-time high in March, at least six companies—including five publicly traded ones—have collectively acquired 48,836 BTC, an investment estimated to be worth around $3.1 billion today.
WilfredBut with one step forward, it seems that China has taken two steps back according to a speech given by former finance minister Lou Jiwei at the prestigious Tsinghua WuDaoKou Chief Economist Forum in Beijing.
XingChiFormer Binance CEO CZ's first tweet after his prison release sparked attention, briefly mentioning future plans and enjoying freedom. BNB surged to a monthly high but quickly reversed, declining along with the broader crypto market.
KikyoChina's central bank announced a number of stimulus measures this week, creating liquidity conditions that analysts believe will help boost bitcoin prices.
AlexRobert Kiyosaki warns of a financial crisis influenced by AI, urging investment in Bitcoin and silver. He predicts Bitcoin could reach $1 million by 2030, advocating for safe haven assets.
EdmundChina’s aggressive stimulus package may stimulate global liquidity, but the country’s ongoing ban on cryptocurrency trading limits its direct impact on Bitcoin and other digital assets. While some crypto investors remain hopeful that the influx of liquidity will ultimately benefit Bitcoin’s price, significant gains have yet to materialize. With global markets closely watching both China’s economic recovery efforts and the crypto industry’s resilience, the next few months could prove pivotal for both sectors.
WenJunChina has shown great resilience, controlling more than 55% of Bitcoin mining despite ban.
XingChiSweden's authorities are cracking down on unlicensed cryptocurrency exchanges involved in organised crime and money laundering. They are also targeting Bitcoin mining operations, uncovering 90 million SEK in unpaid taxes from 18 firms.
WeatherlyA Bitcoin whale wallet was reactivated after nearly 11 years, sparking speculation of a connection to Satoshi Nakamoto. Data shows an increase in both large and small wallets, while mid-tier holders have decreased, reflecting a changing Bitcoin market.
WenJunElon Musk and President Nayib Bukele discussed global innovation and technology but avoided crypto conversations during their meeting in Austin. Musk praised Bukele’s leadership, while El Salvador’s Bitcoin investments continue to show positive returns.
WenJunTether CEO Paolo Ardoino said in an interview. “Launching your own blockchain is probably not the right move. There are many very good blockchains.”
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链向资讯Hopefully Ethereum becomes a system more like Bitcoin.
链向资讯Hope Ethereum becomes a more Bitcoin-like system
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