Crypto is buzzing, but it’s not the speculative buzz we heard about price charts or halving hype. The Chinese gold rush hardware manufacturer Bitmain offered an insane deal to the Eric Trump fronted company American Bitcoin Corporation in recent days. Simple business story, it sounds like at first only not.
And this deal hits right at the intersection of energy, supply chains and politics a toxic brew that drives Washington to act, especially in an election year. And behind each of those, it’s less about machines and more about leverage. Who gets early access. Who gets better terms. Who gets left waiting.
And maybe the strangest part? Bitcoiniacs wants people to touch and hold the world’s leading digital currency but since it’s so electronic these days, you can’t actually grab one of these coins for a whirl. Funny how that works.
