Trump’s Crypto Summit: Energy must be at the center of White House meeting

President Donald Trump recently released a sudden announcement of the United States government’s investment in the encryption reserves including Bitcoin, Ethereum, XRP, Solaa, 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.

Although the top of the White House may help pushing currencies like Bitcoin to the main current, the Blockchain industry needs something more: energy – a a lot More energy.

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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, most notably, the 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. In addition, the consumer’s transition to electric cars and President Trump’s plan to re -manufacture, and to meet our energy needs is about to rise.

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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 in his strategy in “drilling, child, drilling”. But as his right leg, Elon Musk, discovered 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.

Elon Musk in Trump’s speech to Congress on Tuesday 4 March. (Getty / Getty Images)

For cryptocurrency and AI to work, America must produce more cheaper and cleaner energy. We need a really real strategy, which means taking any energy source we can get down or above the ground and use it.

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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 should also adopt policies such as 25C and 25D tax credits, which support residential home energy promotions 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.

The Nuclear Factory of Three Mile appears in the early morning hours in March 2011. (Jeff Fusco / Getty Images / Getty Images)

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.

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Ideally, over time, America can start moving from high -energy sources of carbon to cleaner energy or even zero carbon, while maintaining high production and 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).