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Empowering Nations: Bitcoin, Blockchain, and the Underestimated Trifecta of Energy Security, National Security, and Sustainability

SpeakerS:

Michael Casey, Chief Content Officer, CoinDesk
Perianne Boring, Founder & CEO, Chamber of Digital Commerce

“I feel like in the United States it’s hard for average Americans to really understand why this digital currency system is needed because we benefit from living in the most prosperous country in the world and most of us really don’t have a challenge getting access to financial services […] That is not the case everywhere.”

– Perianne Boring

“It’s a different way to think about why it’s valuable, and yes, it is a rebellious technology, right? It breaks through systems of control and you could either see that as a good or a bad thing.”

– Michael Casey

Key takeaways & next steps:

  • The impact of Bitcoin on energy consumption is a complex issue that warrants more dialogue. Focusing solely on Bitcoin’s substantial energy use does not offer a full understanding of its value and potential advantages.
  • Bitcoin and blockchain tech are driving energy policy discussions, notably on transitioning to renewables and grid stability. Bitcoin mining’s flexible power use helps prevent outages and stabilize grids in select areas.
  • Continued research into Bitcoin and blockchain’s potential in energy policy, renewables, and grid stability is crucial for energy and national security. 
  • U.S. leadership in digital infrastructure and the global economy must be encouraged by supporting innovation, investment, and addressing supply chain issues.