Trump encryption summit: The energy must be in the midst of the White House meeting

President Donald Trump He recently announced a sudden announcement that the US government will invest in encryption reserves including Bitcoin, Ethereum, XRP, Solana and Cardano. Through the Crypto Summit at the White House on Friday, it is scheduled to adopt a pro -fixing regulatory framework, it appears that Crypto has been appointed to have a mutation over the next four years.

Well … perhaps.

While the White House summit may help pay Currencies like bitcoin In addition to the main current, the Blockchain industry needs something else to take off: energy – a a lot More energy.

Crypto CZAR turns the government’s lack of Bitcoin “long -term strategy”

A recent study revealed that bitcoin – just one encoded currency – consumes nearly 175 hours a year. To put it in its correct perspective, this is the same amount of energy that the nation of Ireland consumes within a year.

Whether it is for your own portfolio or a national reserve, the transactions that take place on Blockchains should be extracted, such as Bitcoin. Dear energy mining, any dangerous attempt to create a coding reserve necessarily requires a strategy to significantly increase energy consumption.

This sharp need for energy is exacerbated only when one looks at other management goals and technological innovations that are advancing simultaneously. First, the most prominent, is United America’s commitment to overcoming China In the race to develop artificial intelligence (AI).

America must lead in artificial intelligence not only to feed our economy and increase our productivity, but also to ensure the design of this new technology and spread it in line with our values, and not those in Communist China.

But just like the cryptocurrency, artificial intelligence requires a large amount of energy. Last year, the International Energy Agency (IEA) stated that data centers will double the use of energy by 2026, mostly due to the intense computing of energy and artificial intelligence (AI). An analysis reviewed by the peers found that NVIDIA alone will create enough servers by 2027 to consume 85.4 hours of electricity every year. Add to this the consumer’s transition to electric cars and President Trump’s plan to re -manufacture, and that our energy needs are about to rise.

Trump moves the “strategic reserve for encryption” forward, and promises to raise the industry

Energy efficiency efforts can help compensate some of these needs, but they will not be sufficient. Regardless, America will need more energy – quickly.

President Trump is often summarized Energy strategy To “potholes, darling, drilling.” But his right leg Elon Musk Discover a few years ago, oil and gas are not a silver bullet. In 2021, Musk announced that Tesla would start accepting Bitcoin as a form of payment. Within months, Musk changed the path, citing the large amount of fossil fuels used in bitcoin mining. “The cryptocurrency is a good idea, but this cannot come at a large cost of the environment,” Mousse said at the time.

For encrypted currency and Amnesty International to workAmerica must produce more energy cheaper and cleaner. We need a really real strategy, which means taking any energy source we can get down or above the ground and use it.

Get Fox Business on the Go by clicking here

So yes, let us “drill, darling, drilling”. But we must drill for natural gas as well as the thermal energy, which is reliable and carbon -free energy.

the Trump administration Policies such as 25C and 25D tax credits should also be adopted, which supports clean housing household energy with everything from heat pumps to solar panels. The higher the use of energy consumers, the higher their number of their homes, the greater the energy that we will leave to meet other needs, such as data centers.

Likewise, techniques such as hydrogen, solar energy, wind and nuclear should be on the table. Last year, the DERE MILE Island was announced by 2028.

This news is welcome. We must renew and restart as many nuclear reactors as possible while exploring other technologies such as SMRS that can add large amounts of clean electricity to the network.

Click here to read more on Fox Business

Ideally, over time, America can start moving from High carbon energy sources To clean or even scratch carbon energy, all while maintaining production high and it should be to supply innovation.

The Crypto Summit in the White House will have a lot to cover it, from discussing what should be created handrails around the encrypted currency reserves to how much the government should invest in each currency. But above all, politicians must remember that these plans will only work if America is fully committed to the energy strategy.

Chetan is the administrative partner of the Cornerstone International Group and Chairman of the Joseph Rene Center for Public Policy. He also held the position of director of policy and legal for Solarcity (now Tesla).