Recently, the United States has been affected by snowstorms, leading to a tight electricity supply. Not to mention the power gap for AI computing centers, electricity has become the most important underlying asset for the next three years, and the competitor for electricity with AI is $BTC.
This heavy snowfall has also caused a decline in Bitcoin's hash rate, which has dropped nearly 13% in the past two weeks. Especially in the U.S., BTC mining sites are interruptible, meaning that when there is an urgent demand for electricity, power companies can directly shut down the electricity used for mining.
This is also why I will continue to watch power stocks in 2026. AI, computing power, and Bitcoin are all major consumers of electricity. Currently, BTC is still at the bottom of the electricity food chain.
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