Elon Musk and Jensen Huang have referred to Bitcoin as an "energy currency"—this perhaps reflects the shortage of energy, especially electricity, in the United States.

The United States does not lack energy resources. Its coal reserves are not scarce, and natural gas and oil are also in ample supply.

The fundamental reason for the electricity shortage lies in the outdated and backward power supply infrastructure. A prominent issue is that when trying to build a new high-voltage transmission line, it often takes a decade of debate before actual construction can begin; by the time it starts, even the president may have changed twice.

Therefore, the key to the slow upgrade of the power grid is not a lack of resources, but the lengthy and inefficient project approval processes. This ultimately leads to the power supply network struggling to meet modern demands, making the reality of electricity consumption behind the "energy currency" particularly glaring in the United States. #加密市场观察 #美联储重启降息步伐