"Bitcoin going to zero because it has high energy costs" is a nonsense statement I'm starting to hear more of lately. So I thought I'd prepare some reasons it is nonsense based on what the data tells us. Like other energy FUD about Bitcoin, it literally broadcast someone is commenting well outside their domain about Bitcoin mining. Rising energy prices in fact makes Bitcoin even stronger, more resilient, more decentralized and more renewable-energy based, in at least 4 ways. 1. Many Bitcoin mining companies are vertically integrated, meaning close to zero marginal cost power 2. Many earn money through heat recycling, ancillary services etc, augmenting their mining revenue 3. Others use stranded/wasted energy (such as flaregas or landfill gas) that is not affected by energy prices 4. Nation states like Bhutan use otherwise wasted hydro energy Higher energy prices mean more of these 4 strategies - which is great for Bitcoin's decentralization. If you want to see the future of Bitcoin mining, you don't need a crystal ball. Just look at how people are mining Bitcoin already in Europe where energy costs are already very high.(Daniel Batten)