Looks like we need to add another point: from 2025 to 2028, the U.S. might face a severe power shortage. The main reason? The rapid expansion of AI-driven computing power centers. Data centers are consuming more and more electricity. It's predicted that in these three years, AI-dominated computing power centers will require 69 GW of electricity—that’s equivalent to the total load of 69 large nuclear power plants, and even higher than the entire electricity load of the UK. However, data predicts that by 2028, the U.S. will only be able to provide about 25 GW of additional supply. This leaves a gap of 44 GW. What does this mean?? The U.S. accounts for 37.8% of the global Bitcoin hash rate. If electricity becomes scarce, two things could happen: electricity prices might continue to rise, and in the capital markets, BTC will be competing with AI for power. Which one will capital favor more, AI or BTC? I think the answer is obvious. Traditional capital will undoubtedly prioritize AI, at least as long as the AI bubble hasn’t burst. So, for the mining machines behind that 37.8% of the U.S. hash rate, they’ll either face power shortages, rising electricity costs, or both. This leaves limited options. Large publicly traded companies might be able to hold on for a while, but smaller miners could be forced to relocate, driving up mining costs. And when costs go up, prices go up too. But that’s not all—while Bitcoin miners are searching for cheap electricity, AI computing power will also be hunting for cheap electricity. This means that from 2025 to 2028, the U.S. power shortage will force BTC and AI to compete for energy domestically, and then globally for cheap electricity. This will drive up the global mining costs for BTC and accelerate the global 'computing power migration,' which could ultimately lead to BTC’s price floor rising in tandem with costs. Bitget VIP—lower fees, bigger perks!