The Covert Battle of World War III: How Bitcoin Could Respond to a Global Energy Crisis
World War III has already begun in a more covert manner, fought through proxies, cyber attacks, sanctions, and other means. Bitcoin could respond in interesting ways if there were a major disruption in the availability of hydrocarbons, causing their global price to double or triple overnight. The US, with its vast untapped oil reserves, could emerge as the dominant energy producer, while the EU, Japan, and China may have to rely on printing money to buy increasingly expensive oil. Hard assets such as gold and Bitcoin could benefit from a global loosening of monetary policy, but rising energy prices could also impact Bitcoin mining. The crisis could create new opportunities for renewable energy sources and a more sustainable energy infrastructure.
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https://www.gate.io/posts/3519732